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The closing price of Fortinet Inc (NASDAQ: FTNT) was $99.15 for the day, up 2.03% from the previous closing price of $97.18. In other words, the price has increased by $2.03 from its previous closing price. On the day, 7.14 million shares were traded. FTNT stock price reached its highest trading level at $99.509 during the session, while it also had its lowest trading level at $96.9064.
Ratios:
Our analysis of FTNT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 1.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on November 11, 2024, Upgraded its rating to Buy and sets its target price to $111 from $83 previously.
On October 17, 2024, Mizuho Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $68.
DZ Bank Upgraded its Sell to Hold on August 08, 2024, while the target price for the stock was maintained at $65.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 12 ’24 when KEN QING XIE bought 22,938 shares for $97.18 per share.
XIE FOUNDATION bought 5,000 shares of FTNT for $485,900 on Nov 12 ’24. On Nov 08 ’24, another insider, Jensen Keith, who serves as the Chief Financial Officer of the company, sold 56,705 shares for $85.36 each. As a result, the insider received 4,840,490 and left with 8,939 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTNT now has a Market Capitalization of 75993817088 and an Enterprise Value of 73286885376. As of this moment, Fortinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.98, and their Forward P/E ratio for the next fiscal year is 40.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.31 while its Price-to-Book (P/B) ratio in mrq is 83.60. Its current Enterprise Value per Revenue stands at 12.833 whereas that against EBITDA is 42.414.
Stock Price History:
Over the past 52 weeks, FTNT has reached a high of $97.35, while it has fallen to a 52-week low of $49.70. The 50-Day Moving Average of the stock is 24.58%, while the 200-Day Moving Average is calculated to be 44.68%.
Shares Statistics:
FTNT traded an average of 4.41M shares per day over the past three months and 6054600 shares per day over the past ten days. A total of 761.00M shares are outstanding, with a floating share count of 630.89M. Insiders hold about 17.52% of the company’s shares, while institutions hold 67.46% stake in the company. Shares short for FTNT as of 1728950400 were 12951386 with a Short Ratio of 2.85, compared to 1726185600 on 14523750. Therefore, it implies a Short% of Shares Outstanding of 12951386 and a Short% of Float of 2.0499999.
