In the latest trading session,, 0.62 million Fortinet Inc (NASDAQ:FTNT) shares changed hands as the company’s beta touched 1.08. With the company’s most recent per share price at $104.36 changed hands at -$0.43 or -0.42% at last look, the market valuation stands at $79.88B. FTNT’s current price is a discount, trading about -10.02% off its 52-week high of $114.82. The share price had its 52-week low at $54.57, which suggests the last value was 47.71% up since then.
Analysts gave the Fortinet Inc (FTNT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.45. If we narrow down to specifics, the data shows that 1 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended FTNT as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight.
Fortinet Inc (NASDAQ:FTNT) trade information
Instantly FTNT was in red as seen in intraday trades today. With action 1.09%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 10.45%, with the 5-day performance at 1.09% in the green. However, in the 30-day time frame, Fortinet Inc (NASDAQ:FTNT) is 10.58% up.
The consensus price target for the stock as assigned by Wall Street analysts is 109, meaning bulls need an upside of 4.26% from its recent market value. According to analyst projections, FTNT’s forecast low is 103 with 123 as the target high. To hit the forecast high, the stock’s price needs a -17.86% plunge from its current level, while the stock would need to tank 1.3% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 42.92%. The 2025 estimates are for Fortinet Inc earnings to increase by 4.28%, but the outlook for the next 5-year period is at 9.96% per year.
FTNT Dividends
Fortinet Inc is expected to release its next quarterly earnings report in June.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.2318% or 55.24 million shares worth $3.33 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 19.2 shares estimated at $2.0 billion under it, the former controlled 2.51% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.25% of the shares, roughly 17.22 shares worth around $1.8 billion.
