In recent trading session, Fortinet Inc (NASDAQ:FTNT) saw 6.7 million shares changing hands at last check today with its beta currently measuring 1.00. Company’s recent per share price level of $60.12 trading at -$5.08 or -7.80% at last check today assigns it a market valuation of $45.87B. That most recent trading price of FTNT’s stock is at a discount of -35.13% from its 52-week high price of $81.24 and is indicating a premium of 26.61% from its 52-week low price of $44.12. Taking a look at company’s average trading volume of 5.41 million if we extend that period to 3-months.

Fortinet Inc (NASDAQ:FTNT) trade information

Upright in the red during last session for losing -7.80%, in the last five days FTNT remained trading in the red while hitting it’s week-highest on Thursday, 05/02/24 when the stock touched $60.12 price level, adding 7.88% to its value on the day. Fortinet Inc’s shares saw a change of 2.71% in year-to-date performance and have moved -6.33% in past 5-day. Fortinet Inc (NASDAQ:FTNT) showed a performance of -13.17% in past 30-days.

Fortinet Inc (FTNT) estimates and forecasts

Statistics highlight that Fortinet Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 4.89% of value to its shares in past 6 months, showing an annual growth rate of 3.68% while that of industry is 21.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 9.00% from the last financial year’s standing.

33 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.39B for the same. And 33 analysts are in estimates of company making revenue of 1.47B in the next quarter. Company posted 1.29B and 1.33B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 30.73% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.69% while estimates for its earnings growth in next 5 years are of 14.62%.

FTNT Dividends

Fortinet Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.