On Friday, Fortinet Inc (NASDAQ: FTNT) opened higher 2.81% from the last session, before settling in for the closing price of $104.72. Price fluctuations for FTNT have ranged from $54.57 to $105.82 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 25.26%. Company’s average yearly earnings per share was noted 4.16% at the time writing. With a float of $631.40 million, this company’s outstanding shares have now reached $766.45 million.
Let’s determine the extent of company efficiency that accounts for 13568 employees. In terms of profitability, gross margin is 80.56%, operating margin of 30.24%, and the pretax margin is 34.56%.
Fortinet Inc (FTNT) Breakdown of a Key Holders of the stock
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 17.51%, while institutional ownership is 67.03%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.59% during the next five years compared to 42.91% 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 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.85. Likewise, its price to free cash flow for the trailing twelve months is 43.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.26, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.80 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 6.23 million, which is a jump from its year-to-date volume of 4.51 million. As of the previous 9 days, the stock’s Stochastic %D was 90.33%. Additionally, its Average True Range was 3.04.
During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 92.03%, which indicates a significant increase from 82.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.46% in the past 14 days, which was lower than the 29.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $97.31, while its 200-day Moving Average is $76.81. However, in the short run, Fortinet Inc’s stock first resistance to watch stands at $111.34. Second resistance stands at $115.01. The third major resistance level sits at $119.50. If the price goes on to break the first support level at $103.18, it is likely to go to the next support level at $98.69. Now, if the price goes above the second support level, the third support stands at $95.02.
Fortinet Inc (NASDAQ: FTNT) Key Stats
There are currently 766,453K shares outstanding in the company with a market cap of 82.52 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.
