Currently, there are 767.00M common shares owned by the public and among those 637.63M shares have been available to trade.
The company’s stock has a 5-day price change of -7.70% and -0.18% over the past three months. FTNT shares are trading 4.02% year to date (YTD), with the 12-month market performance up to 34.50% higher. It has a 12-month low price of $54.57 and touched a high of $114.82 over the same period. FTNT has an average intraday trading volume of 4.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.52%, -3.54%, and 20.40% respectively.
Institutional ownership of Fortinet Inc (NASDAQ: FTNT) shares accounts for 68.47% of the company’s 767.00M shares outstanding.
It has a market capitalization of $75.57B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 43.49, while the earnings-per-share (ttm) stands at $2.26. The company has a PEG of 4.54 and a Quick Ratio of 1.39 with the debt-to-equity ratio at 0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.35% over the week and 3.34% over the month.
Earnings per share for the fiscal year are expected to increase by 3.72%, and 12.19% over the next financial year. EPS should shrink at an annualized rate of 9.57% over the next five years, compared to 42.92% over the past 5-year period.
Robert W. Baird coverage for the Fortinet Inc (FTNT) stock in a research note released on February 03, 2025 offered a Neutral rating with a price target of $112. Raymond James was of a view on January 14, 2025 that the stock is Mkt Perform, while Piper Sandler gave the stock Overweight rating on January 06, 2025, issuing a price target of $100- $120. KeyBanc Capital Markets on their part issued Overweight rating on December 19, 2024.
