As on Wednesday, Fortinet Inc (NASDAQ: FTNT) started slowly as it slid -0.27% to $67.27, before settling in for the price of $67.45 at the close. Taking a more long-term approach, FTNT posted a 52-week range of $44.12-$81.24.
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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 24.22%. Meanwhile, its Annual Earning per share during the time was 30.73%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.53%. This publicly-traded company’s shares outstanding now amounts to $761.00 million, simultaneously with a float of $629.20 million. The organization now has a market capitalization sitting at $51.33 billion. At the time of writing, stock’s 50-day Moving Average stood at $67.83, while the 200-day Moving Average is $63.29.
Fortinet Inc (FTNT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Infrastructure industry. Fortinet Inc’s current insider ownership accounts for 17.54%, in contrast to 66.39% institutional ownership. According to the most recent insider trade that took place on Mar 13 ’24, this organization’s PRESIDENT & CEO sold 23,699 shares at the rate of 70.75, making the entire transaction reach 1,676,724 in total value, affecting insider ownership by 48,642,973. Preceding that transaction, on Mar 12 ’24, Company’s PRESIDENT & CEO sold 23,694 for 71.40, making the whole transaction’s value amount to 1,691,692. This particular insider is now the holder of 48,625,005 in total.
Fortinet Inc (FTNT) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.51 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.43) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
Fortinet Inc’s EPS increase for this current 12-month fiscal period is 4.53% and is forecasted to reach 1.92 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 14.62% through the next 5 years, which can be compared against the 30.73% growth it accomplished over the previous five years trading on the market.
Fortinet Inc (NASDAQ: FTNT) Trading Performance Indicators
Let’s observe the current performance indicators for Fortinet Inc (FTNT). It’s Quick Ratio in the last reported quarter now stands at 1.06. The Stock has managed to achieve an average true range (ATR) of 1.74. Alongside those numbers, its PE Ratio stands at $46.15, and its Beta score is 1.08. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 9.68. Similarly, its price to free cash flow for trailing twelve months is now 29.65.
In the same vein, FTNT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.46, a figure that is expected to reach 0.38 in the next quarter, and analysts are predicting that it will be 1.92 at the market close of one year from today.
Technical Analysis of Fortinet Inc (FTNT)
Through scrutinizing the latest numbers posted by the [Fortinet Inc, FTNT], it can be observed that its last 5-days Average volume of 3.34 million was lower the volume of 6.28 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 32.58% While, its Average True Range was 1.61.
Raw Stochastic average of Fortinet Inc (FTNT) in the period of the previous 100 days is set at 77.71%, which indicates a major rise in contrast to 14.77% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 18.93% that was lower than 35.82% volatility it exhibited in the past 100-days period.
