Fortinet Inc (NASDAQ: FTNT) on Friday, plunged -0.66% from the previous trading day, before settling in for the closing price of $98.60. Within the past 52 weeks, FTNT’s price has moved between $54.57 and $100.59.
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A company in the Technology sector has jumped its sales by 24.22% annually for the last half of the decade. The company achieved an average annual earnings per share of 37.74%. With a float of $632.35 million, this company’s outstanding shares have now reached $765.70 million.
In an organization with 13568 employees, it is important to assess its efficiency. 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
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Fortinet Inc is 17.50%, while institutional ownership is 66.73%. 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
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
Fortinet Inc (FTNT) is currently performing well based on its current performance indicators. A quick ratio of 1.25 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 13.06. Likewise, its price to free cash flow for the trailing twelve months is 44.82.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.52 million. That was inferior than the volume of 5.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 68.61%. Additionally, its Average True Range was 2.49.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 94.26%, which indicates a significant increase from 68.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.58% in the past 14 days, which was lower than the 44.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $88.05, while its 200-day Moving Average is $71.54. However, in the short run, Fortinet Inc’s stock first resistance to watch stands at $99.14. Second resistance stands at $100.33. The third major resistance level sits at $101.47. If the price goes on to break the first support level at $96.81, it is likely to go to the next support level at $95.67. The third support level lies at $94.48 if the price breaches the second support level.
Fortinet Inc (NASDAQ: FTNT) Key Stats
Market capitalization of the company is 74.58 billion based on 766,453K outstanding shares. Right now, sales total 5,305 M and income totals 1,148 M. The company made 1,508 M in profit during its latest quarter, and 539,900 K in sales during its previous quarter.
