stoxline Quote Chart Rank Option Currency Glossary
  
Fortinet, Inc. (FTNT)
64.03  -1.42 (-2.17%)    04-25 16:00
Open: 64.61
High: 64.69
Volume: 3,662,332
  
Pre. Close: 65.45
Low: 62.87
Market Cap: 48,857(M)
Technical analysis
2024-04-25 4:43:12 PM
Short term     
Mid term     
Targets 6-month :  81.08 1-year :  85.99
Resists First :  69.42 Second :  73.62
Pivot price 65.97
Supports First :  62.61 Second :  52.09
MAs MA(5) :  64.27 MA(20) :  66.75
MA(100) :  64.45 MA(250) :  64.01
MACD MACD :  -1.2 Signal :  -1
%K %D K(14,3) :  20.3 D(3) :  16.7
RSI RSI(14): 39.7
52-week High :  81.23 Low :  44.11
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ FTNT ] has closed above bottom band by 27.8%. Bollinger Bands are 26.9% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 64.73 - 65.06 65.06 - 65.31
Low: 62.1 - 62.45 62.45 - 62.71
Close: 63.48 - 64.06 64.06 - 64.51
Company Description

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Headline News

Thu, 25 Apr 2024
Fortinet Inc. stock underperforms Thursday when compared to competitors - MarketWatch

Thu, 25 Apr 2024
abrdn plc Acquires 130,308 Shares of Fortinet, Inc. (NASDAQ:FTNT) - MarketBeat

Wed, 24 Apr 2024
Fortinet Inc. stock outperforms competitors on strong trading day - MarketWatch

Wed, 24 Apr 2024
Down 20% From Highs, Should You Buy the Dip in Fortinet Stock? - The Globe and Mail

Wed, 24 Apr 2024
New York State Common Retirement Fund Sells 75,488 Shares of Fortinet, Inc. (NASDAQ:FTNT) - MarketBeat

Wed, 24 Apr 2024
Investors Heavily Search Fortinet, Inc. (FTNT): Here is What You Need to Know - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Software - Infrastructure
Shares Out 763 (M)
Shares Float 641 (M)
Held by Insiders 16.2 (%)
Held by Institutions 70 (%)
Shares Short 13,190 (K)
Shares Short P.Month 12,860 (K)
Stock Financials
EPS 1.46
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -0.62
Profit Margin 21.6 %
Operating Margin 27.1 %
Return on Assets (ttm) 11.4 %
Return on Equity (ttm) 0 %
Qtrly Rev. Growth 10.3 %
Gross Profit (p.s.) 0
Sales Per Share 6.94
EBITDA (p.s.) 1.76
Qtrly Earnings Growth 3.5 %
Operating Cash Flow 1,940 (M)
Levered Free Cash Flow 1,440 (M)
Stock Valuations
PE Ratio 43.85
PEG Ratio 2.5
Price to Book value -104.97
Price to Sales 9.21
Price to Cash Flow 25.18
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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