Technical Outlook And Game Plan For Fortinet Inc (NASDAQ: FTNT)

Fortinet Inc (FTNT) concluded trading on Thursday at a closing price of $99.54, with 3.36 million shares of worth about $334.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.51% during that period and on March 27, 2025 the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 767.00M shares, out of which, 638.44M shares are available for trading.

Stock saw a price change of 1.11% in past 5 days and over the past one month there was a price change of -8.70%. Year-to-date (YTD), FTNT shares are showing a performance of 5.36% which increased to 46.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.57 but also hit the highest price of $114.82 during that period. The average intraday trading volume for Fortinet Inc shares is 4.53 million. The stock is currently trading -0.66% below its 20-day simple moving average (SMA20), while that difference is down -2.93% for SMA50 and it goes to 18.59% higher than SMA200.

Fortinet Inc (NASDAQ: FTNT) currently have 767.00M outstanding shares and institutions hold larger chunk of about 68.48% of that.

The stock has a current market capitalization of $76.54B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 44.04, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 4.60 and has Quick Ratio of 1.39 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTNT, volatility over the week remained 2.20% while standing at 3.20% over the month.

Stock’s fiscal year EPS is expected to rise by 3.72% while it is estimated to increase by 12.20% in next year. EPS is likely to shrink at an annualized rate of 9.57% for next 5-years, compared to annual growth of 42.92% made by the stock over the past 5-years.

Stock get an Overweight rating from Piper Sandler on January 06, 2025.

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