At the time of writing, Fortinet Inc [FTNT] stock is trading at $107.66, up 2.81%. 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 6.72% over the last week, with a monthly amount glided 12.23%, 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 February 03, 2025, when Robert W. Baird downgraded its rating to a Neutral and also boosted its price target to $112 from $105. Previously, Raymond James downgraded its rating to Mkt Perform on January 14, 2025. On January 06, 2025, upgrade upgraded it’s rating to Overweight and revised its price target to $120 on the stock. KeyBanc Capital Markets upgraded its rating to a Overweight but stick to its price target of $115 on December 19, 2024. BMO Capital Markets reiterated its recommendation of a Market Perform and raised its price target to $100 on November 19, 2024. HSBC Securities upgraded its rating to Buy for this stock on November 11, 2024, and upped its price target to $111. In a note dated October 17, 2024, Mizuho downgraded an Underperform rating on this stock but restated the target price of $68.
For the past year, the stock price of Fortinet Inc fluctuated between $54.57 and $105.82. Currently, Wall Street analysts expect the stock to reach $91.5 within the next 12 months. Fortinet Inc [NASDAQ: FTNT] shares were valued at $107.66 at the most recent close of the market. An investor can expect a potential drop of -15.01% based on the average FTNT price forecast.
Analyzing the FTNT fundamentals
According to Fortinet Inc [NASDAQ:FTNT], the company’s sales were 5.96B for trailing twelve months, which represents an 17.31% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 2.73 and Total Capital is 0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 103.18 points at the first support level, and at 98.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.34, and for the 2nd resistance point, it is at 115.01.
Ratios To Look Out For
It is important to note that Fortinet Inc [NASDAQ:FTNT] has a current ratio of 1.47. In addition, the Quick Ratio stands at 1.39 and the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 13.85, the price to book ratio is 90.78 and price to earnings (TTM) ratio is 47.61.
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.
