Fortinet Inc [FTNT] stock prices are up 0.29% to $98.45 at the moment. 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 5.38% over the last week, with a monthly amount drifted -14.07%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On February 03, 2025, downgrade downgraded it’s rating to Neutral and revised its price target to $112 on the stock. Raymond James downgraded its rating to a Mkt Perform. Piper Sandler upgraded its rating to a Overweight and raised its price target to $120 on January 06, 2025. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on December 19, 2024, but kept the price target unchanged to $115. In a note dated November 19, 2024, BMO Capital Markets reiterated an Market Perform rating on this stock and boosted its target price from $88 to $100.
The stock price of Fortinet Inc [FTNT] has been fluctuating between $54.57 and $114.82 over the past year. Currently, Wall Street analysts expect the stock to reach $97.56 within the next 12 months. Fortinet Inc [NASDAQ: FTNT] shares were valued at $98.45 at the most recent close of the market. An investor can expect a potential drop of -0.9% based on the average FTNT price forecast.
Analyzing the FTNT fundamentals
The Fortinet Inc [NASDAQ:FTNT] reported sales of 5.96B for trailing twelve months, representing a surge of 17.31%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 97.18 points at the first support level, and at 95.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.66, and for the 2nd resistance point, it is at 100.86.
Ratios To Look Out For
It’s worth pointing out that Fortinet Inc [NASDAQ:FTNT]’s Current Ratio is 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 12.71, the price to book ratio is 50.55 and price to earnings (TTM) ratio is 43.56.
Transactions by insiders
Recent insider trading involved GOLDMAN KENNETH A, Director, that happened on Mar 12 ’25 when 2000.0 shares were sold. VP, ENGINEERING & CTO, Xie Michael completed a deal on Mar 11 ’25 to sell 0.33 million shares. Meanwhile, Director GOLDMAN KENNETH A sold 1000.0 shares on Mar 10 ’25.
