Fortinet Inc (FTNT) Outlook Starting To Look Brighter?

Fortinet Inc (FTNT) concluded trading on Wednesday at a closing price of $97.00, with 4.33 million shares of worth about $419.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.65% during that period and on April 23, 2025 the price saw a gain of about 2.79%. 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 -2.22% in past 5 days and over the past one month there was a price change of -2.80%. Year-to-date (YTD), FTNT shares are showing a performance of 2.67% which increased to 53.00% 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 5.14 million. The stock is currently trading 1.85% above its 20-day simple moving average (SMA20), while that difference is down -3.61% for SMA50 and it goes to 11.39% higher than SMA200.

Fortinet Inc (NASDAQ: FTNT) currently have 767.00M outstanding shares and institutions hold larger chunk of about 68.63% of that.

The stock has a current market capitalization of $74.59B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 42.92, 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 3.60% while standing at 4.55% over the month.

Stock’s fiscal year EPS is expected to rise by 3.28% while it is estimated to increase by 12.71% in next year. EPS is likely to shrink at an annualized rate of 9.34% for next 5-years, compared to annual growth of 42.92% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Roth Capital on Apr-24-25 offering a Neutral rating for the stock and assigned a target price of $103 to it. Coverage by Stephens stated Fortinet Inc (FTNT) stock as an Equal-weight in their note to investors on April 01, 2025, suggesting a price target of $108 for the stock. Stock get a Neutral rating from Robert W. Baird on February 03, 2025.

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