On Monday, Fortinet Inc (NASDAQ: FTNT) opened lower -0.79% from the last session, before settling in for the closing price of $97.19. Price fluctuations for FTNT have ranged from $54.57 to $100.59 over the past 52 weeks.
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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. Company’s average yearly earnings per share was noted 37.74% at the time writing. 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
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Fortinet Inc is 17.50%, while institutional ownership is 66.83%. The most recent insider transaction that took place on Dec 17 ’24, was worth 2,244,142. In this transaction PRESIDENT & CEO of this company sold 22,916 shares at a rate of $97.93, taking the stock ownership to the 48,983,683 shares. Before that another transaction happened on Dec 18 ’24, when Company’s PRESIDENT & CEO sold 22,928 for $95.47, making the entire transaction worth $2,188,848. This insider now owns 49,002,422 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
Check out the current performance indicators for Fortinet Inc (FTNT). In the past quarter, the stock posted a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.94. Likewise, its price to free cash flow for the trailing twelve months is 44.41.
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 2.42 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 6.16 million. That was better than the volume of 5.43 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.41%. Additionally, its Average True Range was 2.77.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 90.94%, which indicates a significant increase from 47.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.58% in the past 14 days, which was lower than the 45.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $90.03, while its 200-day Moving Average is $72.30. However, in the short run, Fortinet Inc’s stock first resistance to watch stands at $97.21. Second resistance stands at $98.00. The third major resistance level sits at $98.94. If the price goes on to break the first support level at $95.48, it is likely to go to the next support level at $94.55. The third support level lies at $93.76 if the price breaches the second support level.
Fortinet Inc (NASDAQ: FTNT) Key Stats
There are currently 766,453K shares outstanding in the company with a market cap of 73.90 billion. Presently, the company’s annual sales total 5,305 M according to its annual income of 1,148 M. Last quarter, the company’s sales amounted to 1,508 M and its income totaled 539,900 K.
