Fortinet Inc (NASDAQ:FTNT) currently has a daily average trading volume of 4.61M but it saw 4244369 shares traded in last market. With a market cap of 71.84B USD, the company’s current market price of $93.42 came falling about -4.61 while comparing to the previous closing price of $97.93. In past 52 weeks, the stock remained buoying in the range of price level as high as $114.82 and as low as $54.57. In the recent trading on the day, stock has struck highest price mark of $93.2725 while lowest mark touched by it was $97.5.
Taking a look at 20-day trading activity of Fortinet Inc (FTNT) gives us an average price of $106.20, while its current price level is -18.64% below from 52-week high level whereas it is 71.19% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $101.84 while that of 200 days or SMA-200 reads an average of $81.97. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.17% during that period while stretching the period over a month that decreases to 3.45%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.64 which implies that the stock is in oversold territory.
Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on February 03, 2025 while assigning a price target range of $105-$112.
Over the week, FTNT’s stock price is moving -8.16% down while it is -13.76% when we observe its performance for the past one month. Year-to-date it is -1.12% down and over the past year, the stock is showing an upside performance of 30.73%.
The company is expected to be releasing its next quarterly report on 2025-Feb-05, for which analysts forecasted an EPS of 0.53 while estimate for next year EPS is 2.47. In next quarter, company is expected to be making quarterly sales of $1.63B as analysts are expecting the sales for current fiscal year at $6.77B and seeing the company making $7.66B in sales next year. Moreover, analysts are in estimates of $1.54B for current-quarter revenue.
Currently, Fortinet Inc’s total number of outstanding shares is 767.00M with 17.49% of that held by the insiders while 71.48% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 68.86% and return on equity (ROE) at 338.74%. It has a price to earnings ratio (P/E ratio) of 41.34 while having a 33.87 of forward P/E ratio. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 47.97 while price to sale or P/S ratio amounts to 12.06. Its return on asset (ROA) is 20.51% on average.
