Fortinet Inc (NASDAQ: FTNT) kicked off on Friday, up 9.99% from the previous trading day, before settling in for the closing price of $83.68. Over the past 52 weeks, FTNT has traded in a range of $49.44-$83.83.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 24.22%. While this was happening, its average annual earnings per share was recorded 36.55%. With a float of $630.89 million, this company’s outstanding shares have now reached $761.00 million.
Considering the fact that the conglomerate employs 13568 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 79.71%, operating margin of 28.27%, and the pretax margin is 32.49%.
Fortinet Inc (FTNT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Fortinet Inc is 17.52%, while institutional ownership is 67.46%. The most recent insider transaction that took place on Nov 08 ’24, was worth 4,745,074. Before that another transaction happened on Nov 08 ’24, when Company’s Officer proposed sale 38,495 for $83.68, making the entire transaction worth $3,221,262.
Fortinet Inc (FTNT) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.51 earnings per share (EPS), higher than consensus estimate (set at 0.43) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.63% during the next five years compared to 30.73% growth over the previous five years of trading.
Fortinet Inc (NASDAQ: FTNT) Trading Performance Indicators
Take a look at Fortinet Inc’s (FTNT) current performance indicators. Last quarter, stock had a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.56. Likewise, its price to free cash flow for the trailing twelve months is 46.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.41 in one year’s time.
Technical Analysis of Fortinet Inc (FTNT)
Compared to the last year’s volume of 5.46 million, its volume of 6.75 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 90.49%. Additionally, its Average True Range was 2.33.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 98.71%, which indicates a significant increase from 96.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.98% in the past 14 days, which was higher than the 43.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $78.74, while its 200-day Moving Average is $68.21. Nevertheless, the first resistance level for the watch stands at $94.96 in the near term. At $97.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $103.23. If the price goes on to break the first support level at $86.69, it is likely to go to the next support level at $81.34. Should the price break the second support level, the third support level stands at $78.42.
Fortinet Inc (NASDAQ: FTNT) Key Stats
The company with the Market Capitalisation of 77.44 billion has total of 764,908K Shares Outstanding. Its annual sales at the moment are 5,305 M in contrast with the sum of 1,148 M annual income. Company’s last quarter sales were recorded 1,434 M and last quarter income was 379,800 K.
