In today’s recent session, 1.72 million shares of the Fortinet Inc (NASDAQ:FTNT) have been traded, and its beta is 0.98. Most recently the company’s share price was $57.81, and it changed around -$0.88 or -1.51% from the last close, which brings the market valuation of the company to $44.16B. FTNT at last check was trading at a discount to its 52-week high of $81.24, offering almost -40.53% off that amount. The share price’s 52-week low was $44.12, which indicates that the recent value has risen by an impressive 23.68% since then. We note from Fortinet Inc’s average daily trading volume that its 3-month average coming to 5.47 million.
Fortinet Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.38. If we narrow it down even further, the data shows that 2 out of 30 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 7 recommended FTNT as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight.
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Fortinet Inc (NASDAQ:FTNT) trade information
Instantly FTNT has been showing red trend so far today with a performance of -1.51% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -1.24% year-to-date, but still down -2.27% over the last five days. On the other hand, Fortinet Inc (NASDAQ:FTNT) is -5.78% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $70.53, which translates to bulls needing to increase their stock price by 18.03% from its current value. Analyst projections state that FTNT is forecast to be at a low of $54 and a high of $85.
Fortinet Inc (FTNT) estimates and forecasts
Fortinet Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.47 percent over the past six months and at a 7.36% annual growth rate that is well below the industry average of 24.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.73%. Fortinet Inc earnings are expected to increase by 7.95% in 2024, but the outlook is positive 10.71% per year for the next five years.
FTNT Dividends
Fortinet Inc’s next quarterly earnings report is expected to be released in July.
