Fortinet Inc (NASDAQ: FTNT) kicked off on Tuesday, up 0.09% from the previous trading day, before settling in for the closing price of $97.04. Over the past 52 weeks, FTNT has traded in a range of $52.20-$100.59.
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Annual sales at Technology sector company grew by 24.22% over the past five years. While this was happening, its average annual earnings per share was recorded 37.74%. With a float of $632.08 million, this company’s outstanding shares have now reached $765.70 million.
Let’s look at the performance matrix of the company that is accounted for 13568 employees. In terms of profitability, gross margin is 79.71%, operating margin of 28.23%, and the pretax margin is 32.49%.
Fortinet Inc (FTNT) Insider and Institutional Ownership
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 17.53%, while institutional ownership is 66.72%. The most recent insider transaction that took place on Dec 06 ’24, was worth 34,968. In this transaction Director of this company bought 355 shares at a rate of $98.50, taking the stock ownership to the 150,245 shares. Before that another transaction happened on Nov 26 ’24, when Company’s Chief Financial Officer sold 17,650 for $95.66, making the entire transaction worth $1,688,337. This insider now owns 4,689 shares in total.
Fortinet Inc (FTNT) Latest Financial update
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 37.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.42% 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 13.04. Likewise, its price to free cash flow for the trailing twelve months is 44.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.61 in the next quarter and is forecasted to reach 2.43 in one year’s time.
Technical Analysis of Fortinet Inc (FTNT)
Fortinet Inc (NASDAQ: FTNT) saw its 5-day average volume 4.06 million, a negative change from its year-to-date volume of 5.45 million. As of the previous 9 days, the stock’s Stochastic %D was 66.02%. Additionally, its Average True Range was 2.64.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 92.48%, which indicates a significant increase from 66.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.33% in the past 14 days, which was lower than the 44.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $86.78, while its 200-day Moving Average is $71.11. Nevertheless, the first resistance level for the watch stands at $98.31 in the near term. At $99.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $100.62. If the price goes on to break the first support level at $96.00, it is likely to go to the next support level at $94.88. The third support level lies at $93.69 if the price breaches the second support level.
Fortinet Inc (NASDAQ: FTNT) Key Stats
The company with the Market Capitalisation of 74.45 billion has total of 766,453K 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 1,508 M and last quarter income was 539,900 K.
