Fortinet Inc (NASDAQ: FTNT) on Friday, plunged -0.35% from the previous trading day, before settling in for the closing price of $80.62. Within the past 52 weeks, FTNT’s price has moved between $44.12 and $83.77.
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Technology Sector giant saw their annual sales surged by 24.22% over the last five years. The company achieved an average annual earnings per share of 25.55%. With a float of $630.86 million, this company’s outstanding shares have now reached $761.00 million.
The firm has a total of 13568 workers. Let’s measure their productivity. In terms of profitability, gross margin is 78.09%, operating margin of 26.09%, and the pretax margin is 28.12%.
Fortinet Inc (FTNT) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Fortinet Inc is 17.53%, while institutional ownership is 67.83%. The most recent insider transaction that took place on Oct 15 ’24, was worth 1,925,547. In this transaction PRESIDENT & CEO of this company sold 23,302 shares at a rate of $82.63, taking the stock ownership to the 48,897,171 shares. Before that another transaction happened on Oct 16 ’24, when Company’s PRESIDENT & CEO sold 23,307 for $81.89, making the entire transaction worth $1,908,676. This insider now owns 48,915,530 shares in total.
Fortinet Inc (FTNT) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 25.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.38% during the next five years compared to 30.73% growth over the previous five years of trading.
Fortinet Inc (NASDAQ: FTNT) Trading Performance Indicators
Fortinet Inc (FTNT) is currently performing well based on its current performance indicators. A quick ratio of 1.22 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.10. Likewise, its price to free cash flow for the trailing twelve months is 39.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.69, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.23 in one year’s time.
Technical Analysis of Fortinet Inc (FTNT)
Analysing the last 5-days average volume posted by the [Fortinet Inc, FTNT], we can find that recorded value of 3.37 million was lower than the volume posted last year of 5.48 million. As of the previous 9 days, the stock’s Stochastic %D was 21.91%. Additionally, its Average True Range was 1.68.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 88.26%, which indicates a significant increase from 50.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.41% in the past 14 days, which was lower than the 40.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.60, while its 200-day Moving Average is $67.31. Now, the first resistance to watch is $81.35. This is followed by the second major resistance level at $82.37. The third major resistance level sits at $82.93. If the price goes on to break the first support level at $79.77, it is likely to go to the next support level at $79.21. Now, if the price goes above the second support level, the third support stands at $78.19.
Fortinet Inc (NASDAQ: FTNT) Key Stats
Market capitalization of the company is 61.45 billion based on 763,938K outstanding shares. Right now, sales total 5,305 M and income totals 1,148 M. The company made 1,434 M in profit during its latest quarter, and 379,800 K in sales during its previous quarter.
