Fortinet Inc (NASDAQ: FTNT) on Friday, soared 0.19% from the previous trading day, before settling in for the closing price of $94.05. Within the past 52 weeks, FTNT’s price has moved between $54.57 and $101.00.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 25.26%. The company achieved an average annual earnings per share of 37.75%. With a float of $632.27 million, this company’s outstanding shares have now reached $765.70 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
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 66.82%. The most recent insider transaction that took place on Jan 15 ’25, was worth 2,150,460. In this transaction PRESIDENT & CEO of this company sold 23,044 shares at a rate of $93.32, taking the stock ownership to the 49,039,698 shares. Before that another transaction happened on Jan 14 ’25, when Company’s PRESIDENT & CEO sold 23,013 for $92.27, making the entire transaction worth $2,123,333. This insider now owns 49,021,076 shares in total.
Fortinet Inc (FTNT) Earnings and Forecasts
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 37.75% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.89% 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 12.65. Likewise, its price to free cash flow for the trailing twelve months is 43.40.
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)
Looking closely at Fortinet Inc (NASDAQ: FTNT), its last 5-days average volume was 4.45 million, which is a jump from its year-to-date volume of 4.21 million. As of the previous 9 days, the stock’s Stochastic %D was 29.22%. Additionally, its Average True Range was 2.53.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 75.57%, which indicates a significant increase from 33.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.64% in the past 14 days, which was lower than the 29.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.72, while its 200-day Moving Average is $74.45. However, in the short run, Fortinet Inc’s stock first resistance to watch stands at $95.59. Second resistance stands at $96.94. The third major resistance level sits at $97.79. If the price goes on to break the first support level at $93.38, it is likely to go to the next support level at $92.52. Should the price break the second support level, the third support level stands at $91.17.
Fortinet Inc (NASDAQ: FTNT) Key Stats
Market capitalization of the company is 72.22 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.
