A major move is in the offing as Fortinet Inc (FTNT) market cap hits 78.10 billion

On Monday, Fortinet Inc (NASDAQ: FTNT) was 4.74% up from the session before settling in for the closing price of $97.42. A 52-week range for FTNT has been $54.57 – $114.82.

During the last 5-year period, the sales growth of Technology Sector giant was 22.66%. When this article was written, the company’s average yearly earnings per share was at 4.25%. With a float of $635.52 million, this company’s outstanding shares have now reached $769.20 million.

Let’s determine the extent of company efficiency that accounts for 14138 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) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Fortinet Inc stocks. The insider ownership of Fortinet Inc is 16.97%, while institutional ownership is 70.09%. The most recent insider transaction that took place on May 02 ’25, was worth 376,274. In this transaction VP, ENGINEERING & CTO of this company sold 3,546 shares at a rate of $106.11, taking the stock ownership to the 11,000,068 shares. Before that another transaction happened on May 02 ’25, when Company’s PRESIDENT & CEO sold 158,488 for $106.10, making the entire transaction worth $16,814,799. This insider now owns 51,391,879 shares in total.

Fortinet Inc (FTNT) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 4.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.96% during the next five years compared to 42.92% 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 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.72. Likewise, its price to free cash flow for the trailing twelve months is 37.78.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.43, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.77 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 7.86 million, which is a jump from its year-to-date volume of 5.04 million. As of the previous 9 days, the stock’s Stochastic %D was 36.17%. Additionally, its Average True Range was 4.31.

During the past 100 days, Fortinet Inc’s (FTNT) raw stochastic average was set at 61.41%, which indicates a significant increase from 54.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.59% in the past 14 days, which was higher than the 42.50% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $98.87, while its 200-day Moving Average is $89.96. However, in the short run, Fortinet Inc’s stock first resistance to watch stands at $103.05. Second resistance stands at $104.06. The third major resistance level sits at $105.99. If the price goes on to break the first support level at $100.11, it is likely to go to the next support level at $98.18. Should the price break the second support level, the third support level stands at $97.17.

Fortinet Inc (NASDAQ: FTNT) Key Stats

There are 764,713K outstanding shares of the company, which has a market capitalization of 78.10 billion. As of now, sales total 5,956 M while income totals 1,745 M. Its latest quarter income was 1,660 M while its last quarter net income were 526,200 K.