During the recent session, Fortinet Inc (NASDAQ:FTNT)’s traded shares were 0.88 million, with the beta value of the company hitting 1.08. At the last check today, the stock’s price was $102.18, reflecting an intraday loss of -2.23% or -$2.33. The 52-week high for the FTNT share is $114.82, that puts it down -12.37 from that peak though still a striking 46.59% gain since the share price plummeted to a 52-week low of $54.57. The company’s market capitalization is $78.21B, and the average trade volume was 5.14 million shares over the past three months.
Fortinet Inc (FTNT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.43. FTNT has a Sell rating from 1 analyst(s) out of 24 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 14 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.59.
Fortinet Inc (NASDAQ:FTNT) trade information
Fortinet Inc (FTNT) registered a -2.23% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.23% in intraday trading to $102.18, hitting a weekly high. The stock’s 5-day price performance is -0.65%, and it has moved by -1.95% in 30 days. Based on these gigs, the overall price performance for the year is 66.54%.
The consensus price target of analysts on Wall Street is $109, which implies an increase of 6.26% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $103 and $123 respectively. As a result, FTNT is trading at a discount of -20.38% off the target high and -0.8% off the low.
Fortinet Inc (FTNT) estimates and forecasts
In the rating firms’ projections, revenue will increase 13.46% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.63B as predicted by 37 analyst(s). Meanwhile, a consensus of 38 analyst(s) estimates revenue growth to 1.71B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.43B and 1.51B respectively. In this case, analysts expect current quarter sales to grow by 13.36% and then jump by 13.65% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 42.92%. While earnings are projected to return 4.28% in 2025, the next five years will return 9.96% per annum.
FTNT Dividends
Fortinet Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Fortinet Inc (NASDAQ:FTNT)’s Major holders
The next largest institutional holding, with 55.24 million shares, is of BLACKROCK INC.’s that is approximately 7.2318% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.33 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Fortinet Inc (FTNT) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Mar 31, 2025 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 20.64 shares. This amounts to just over 2.70 percent of the company’s overall shares, with a $2.11 billion market value. The same data shows that the other fund manager holds slightly less at 17.68, or about 2.31% of the stock, which is worth about $1.81 billion.
