On Tuesday, Fortinet Inc (NASDAQ: FTNT) was 1.86% up from the session before settling in for the closing price of $100.90. A 52-week range for FTNT has been $54.57 – $102.87.
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
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 25.26%. When this article was written, the company’s average yearly earnings per share was at 37.75%. With a float of $632.27 million, this company’s outstanding shares have now reached $765.70 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 28.23%, and the pretax margin is 32.49%.
Fortinet Inc (FTNT) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Fortinet Inc stocks. The insider ownership of Fortinet Inc is 17.51%, while institutional ownership is 66.70%. 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) Recent Fiscal highlights
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 19.03% during the next five years compared to 30.73% growth over the previous five years of trading.
Fortinet Inc (NASDAQ: FTNT) Trading Performance Indicators
You can see what Fortinet Inc (FTNT) is doing with its current performance indicators. In the most recent 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 13.79. Likewise, its price to free cash flow for the trailing twelve months is 47.34.
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)
Compared to the last year’s volume of 4.11 million, its volume of 4.05 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.61%. Additionally, its Average True Range was 2.66.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 99.70%, which indicates a significant increase from 99.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.96% in the past 14 days, which was lower than the 29.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.54, while its 200-day Moving Average is $76.18. Nevertheless, the first resistance level for the watch stands at $103.51 in the near term. At $104.23, the stock is likely to face the second major resistance level. The third major resistance level sits at $105.64. If the price goes on to break the first support level at $101.38, it is likely to go to the next support level at $99.97. Now, if the price goes above the second support level, the third support stands at $99.25.
Fortinet Inc (NASDAQ: FTNT) Key Stats
There are 766,453K outstanding shares of the company, which has a market capitalization of 78.78 billion. As of now, sales total 5,305 M while income totals 1,148 M. Its latest quarter income was 1,508 M while its last quarter net income were 539,900 K.
