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Fortinet, Inc. (FTNT)

51.635   -1.975 (-3.68%) 12-05 13:24
Open: 52.72 Pre. Close: 53.61
High: 52.83 Low: 51.49
Volume: 1,460,614 Market Cap: 40,339(M)

Technical analysis

as of: 2022-12-05 12:49:22 PM
Overall:       
Stoxline posted a STRONG SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 68.08     One year: 79.52
Support: Support1: 48.59    Support2: 42.61
Resistance: Resistance1: 58.29    Resistance2: 68.08
Pivot: 53.41
Moving Average: MA(5): 53.13     MA(20): 53
MA(100): 52.94     MA(250): 59.85
MACD: MACD(12,26): 0.1     Signal(9): 0.2
Stochastic oscillator: %K(14,3): 45.6     %D(3): 50.3
RSI: RSI(14): 47.1
52-week: High: 299.64  Low: 42.61
Average Vol(K): 3-Month: 5,413 (K)  10-Days: 4,303 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ FTNT ] has closed above bottom band by 23.4%. Bollinger Bands are 38.8% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 54.42 - 54.73 54.73 - 55.01
Low: 52.25 - 52.58 52.58 - 52.89
Close: 53.12 - 53.67 53.67 - 54.16

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

Fri, 02 Dec 2022
Is Most-Watched Stock Fortinet, Inc. (FTNT) Worth Betting on Now? - Yahoo Finance

Wed, 30 Nov 2022
Why CrowdStrike, Palo Alto Networks, and Fortinet Stocks Fell This Morning - The Motley Fool

Tue, 29 Nov 2022
Fortinet: Firewall Leader With Super Margins And Rapid Growth (NASDAQ:FTNT) - Seeking Alpha

Tue, 29 Nov 2022
Fortinet, Inc. (FTNT) Management Presents at 6th Annual Wells Fargo TMT Summit Conference (Transcript) - Seeking Alpha

Tue, 29 Nov 2022
Cyberattackers Selling Access to Networks Compromised via Recent Fortinet Flaw - DARKReading

Tue, 29 Nov 2022
Fortinet: Looking Ahead To 2023 (NASDAQ:FTNT) - Seeking Alpha

Financial Analysis

Price to Book Value: Underperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Underperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Technology
Industry:  Software—Infrastructure
Shares Out. 781 (M)
Shares Float 660 (M)
% Held by Insiders 18.9 (%)
% Held by Institutions 67.7 (%)
Shares Short 8,690 (K)
Shares Short P.Month 11,290 (K)

Stock Financials

EPS 0.87
EPS Est Next Qtl 0.28
EPS Est This Year 0.94
EPS Est Next Year 1.13
Book Value (p.s.) -0.82
Profit Margin (%) 18.1
Operating Margin (%) 20
Return on Assets (ttm) 9
Return on Equity (ttm) 289.2
Qtrly Rev. Growth 32.5
Gross Profit (p.s.) 3.27
Sales Per Share 5.24
EBITDA (p.s.) 1.18
Qtrly Earnings Growth 52.5
Operating Cash Flow 1,570 (M)
Levered Free Cash Flow 850 (M)

Stock Valuations

PE Ratio 59.67
PEG Ratio 2
Price to Book value -64.1
Price to Sales 9.89
Price to Cash Flow 25.83

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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