At the time of writing, Fortinet Inc [FTNT] stock is trading at $99.83, up 3.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FTNT shares have gain 2.71% over the last week, with a monthly amount glided 2.07%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Fortinet Inc [NASDAQ: FTNT] stock has seen the most recent analyst activity on January 14, 2025, when Raymond James downgraded its rating to a Mkt Perform. Previously, Piper Sandler upgraded its rating to Overweight on January 06, 2025, and elevated its price target to $120. On December 19, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $115 on the stock. BMO Capital Markets reiterated its Market Perform rating and increased its price target to $100 on November 19, 2024. HSBC Securities upgraded its rating to a Buy and raised its price target to $111 on November 11, 2024. Mizuho downgraded its rating to Underperform for this stock on October 17, 2024, but kept the price target unchanged to $68. In a note dated August 08, 2024, DZ Bank upgraded an Hold rating on this stock but restated the target price of $65.
For the past year, the stock price of Fortinet Inc fluctuated between $54.57 and $101.00. Currently, Wall Street analysts expect the stock to reach $88.25 within the next 12 months. Fortinet Inc [NASDAQ: FTNT] shares were valued at $99.83 at the most recent close of the market. An investor can expect a potential drop of -11.6% based on the average FTNT price forecast.
Analyzing the FTNT fundamentals
According to Fortinet Inc [NASDAQ:FTNT], the company’s sales were 5.71B for trailing twelve months, which represents an 13.00% jump. 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 96.79 points at the first support level, and at 93.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.62, and for the 2nd resistance point, it is at 103.42.
Ratios To Look Out For
It is important to note that Fortinet Inc [NASDAQ:FTNT] has a current ratio of 1.34. In addition, the Quick Ratio stands at 1.25 and the Cash Ratio stands at 0.64. Considering the valuation of this stock, the price to sales ratio is 13.40, the price to book ratio is 84.18 and price to earnings (TTM) ratio is 50.32.
Transactions by insiders
Recent insider trading involved Xie Ken, PRESIDENT & CEO, that happened on Jan 15 ’25 when 23044.0 shares were sold. PRESIDENT & CEO, Xie Ken completed a deal on Jan 14 ’25 to sell 23013.0 shares. Meanwhile, Director KEN QING XIE bought 23044.0 shares on Jan 15 ’25.
