Currently, there are 767.00M common shares owned by the public and among those 638.44M shares have been available to trade.
The company’s stock has a 5-day price change of -5.31% and 0.61% over the past three months. FTNT shares are trading 2.32% year to date (YTD), with the 12-month market performance up to 41.52% 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 4.64 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 -1.98%, -5.88%, and 14.42% respectively.
Institutional ownership of Fortinet Inc (NASDAQ: FTNT) shares accounts for 68.50% of the company’s 767.00M shares outstanding.
It has a market capitalization of $74.34B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 42.77, while the earnings-per-share (ttm) stands at $2.26. The company has a PEG of 4.47 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 2.93% over the week and 3.20% over the month.
Earnings per share for the fiscal year are expected to increase by 3.71%, and 12.26% 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.
Looking at the support for the FTNT, a number of firms have released research notes about the stock. Stephens stated their Equal-Weight rating for the stock in a research note on April 01, 2025, with the firm’s price target at $108. Deutsche Bank was of a view on February 26, 2025 that the stock is Buy, while Robert W. Baird gave the stock Neutral rating on February 03, 2025, issuing a price target of $105- $112. Raymond James on their part issued Mkt Perform rating on January 14, 2025.
