Fortinet Inc [FTNT] stock prices are up 1.44% to $97.81 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FTNT shares have gain 0.03% over the last week, with a monthly amount glided 5.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fortinet Inc [NASDAQ: FTNT] stock has seen the most recent analyst activity on December 19, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $115 for it. Previously, BMO Capital Markets reaffirmed its Market Perform rating on November 19, 2024, and elevated its price target to $100. On November 11, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $111 on the stock. Mizuho downgraded its rating to a Underperform but stick to its price target of $68 on October 17, 2024. DZ Bank upgraded its rating to a Hold but $65 remained the price target by the analyst firm on August 08, 2024. HSBC Securities upgraded its rating to Hold for this stock on August 07, 2024, but kept the price target unchanged to $59. In a note dated July 29, 2024, Guggenheim downgraded an Neutral rating on this stock.
The stock price of Fortinet Inc [FTNT] has been fluctuating between $54.57 and $100.59 over the past year. Currently, Wall Street analysts expect the stock to reach $86.77 within the next 12 months. Fortinet Inc [NASDAQ: FTNT] shares were valued at $97.81 at the most recent close of the market. An investor can expect a potential drop of -11.29% based on the average FTNT price forecast.
Analyzing the FTNT fundamentals
The Fortinet Inc [NASDAQ:FTNT] reported sales of 5.71B for trailing twelve months, representing a surge of 13.00%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 10.28 and Total Capital is 0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 96.81 points at the first support level, and at 95.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.32, and for the 2nd resistance point, it is at 98.83.
Ratios To Look Out For
It’s worth pointing out that Fortinet Inc [NASDAQ:FTNT]’s Current Ratio is 1.34. On the other hand, the Quick Ratio is 1.25, and the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 13.32, the price to book ratio is 82.47 and price to earnings (TTM) ratio is 49.30.
Transactions by insiders
Recent insider trading involved Xie Ken, PRESIDENT & CEO, that happened on Dec 17 ’24 when 22916.0 shares were sold. PRESIDENT & CEO, Xie Ken completed a deal on Dec 18 ’24 to sell 22928.0 shares. Meanwhile, Director KEN QING XIE bought 22928.0 shares on Dec 18 ’24.