At the time of writing, Fortinet Inc [FTNT] stock is trading at $102.09, up 2.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTNT shares have gain 5.35% over the last week, with a monthly amount drifted -6.07%, 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.
For the past year, the stock price of Fortinet Inc fluctuated between $54.57 and $114.82. Currently, Wall Street analysts expect the stock to reach $97.56 within the next 12 months. Fortinet Inc [NASDAQ: FTNT] shares were valued at $102.09 at the most recent close of the market. An investor can expect a potential drop of -4.44% 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. 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 100.35 points at the first support level, and at 98.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.03, and for the 2nd resistance point, it is at 103.96.
Ratios To Look Out For
It is important to note that Fortinet Inc [NASDAQ:FTNT] has a current ratio of 1.47. As well, the Quick Ratio is 1.39, while the Cash Ratio is 0.71. Considering the valuation of this stock, the price to sales ratio is 13.18, the price to book ratio is 52.42 and price to earnings (TTM) ratio is 45.17.
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.
