Fortinet Inc (NASDAQ: FTNT) In 2024: Will It Be Worth Your Money?

In the last trading session, 0.82 million Fortinet Inc (NASDAQ:FTNT) shares changed hands as the company’s beta touched 1.08. With the company’s per share price at $64.92 changed hands at $0.44 or 0.68% during last session, the market valuation stood at $49.54B. FTNT’s last price was a discount, traded about -25.14% off its 52-week high of $81.24. The share price had its 52-week low at $44.12, which suggests the last value was 32.04% up since then. When we look at Fortinet Inc’s average trading volume, we note the 10-day average is N/A shares, with the 3-month average coming to 6.01 million.

Fortinet Inc (NASDAQ:FTNT) trade information

Instantly FTNT was in green as seen at the end of in last trading. With action -4.71%, the performance over the past five days has been red. The jump to weekly highs of 68.86 on N/A, N/A added 0.68% to the stock’s daily price. The company’s shares are showing year-to-date upside of 10.92%, with the 5-day performance at -4.71% in the red. However, in the 30-day time frame, Fortinet Inc (NASDAQ:FTNT) is -3.89% down. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Fortinet Inc (FTNT) estimates and forecasts

Data shows that the Fortinet Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 9.77% over the past 6 months, a 3.68% in annual growth rate that is considerably lower than the industry average of 20.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 30.73%. The 2024 estimates are for Fortinet Inc earnings to increase by 4.55%, but the outlook for the next 5-year period is at 14.62% per year.