Fortinet Inc. (NASDAQ:FTNT) traded with the volume of 1.83 Million Yesterday. The Stock Opened its session at $35.77 and closed at 34.99 by showing an decrease of -1.96 percent. Fortinet Inc. has 1 year price target of 40.56. The stock gained a consensus recommendation of 1.8 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company is expected to report its next EPS (earnings per share) on Oct 20 AMC. The company reported its last quarter on Jun 16.
On Jun 16 Fortinet Inc. (NASDAQ:FTNT) reported its EPS in the last quarter as $0.14/Share lagging the analyst estimate of $0.14/Share by the difference of $0. This showed the surprise of 0% in the last quarter earnings. For the Current Quarter, 25 analyst are projecting the mean EPS to be $0.17/share. According to their observations and findings, the stock could provide a high EPS of $0.21/share and a Low EPS of $0.13/share.
The 26 analysts offering 12-month price forecasts for Fortinet Inc have a median target of 40.50, with a high estimate of 55.00 and a low estimate of 25.00. The median estimate represents a +15.75% increase from the last price of 34.99. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Fortinet Inc. where they believe that the company has the potential to earn average revenue of $322.44 Million for the current quarter. According to their predictions High & Low revenue estimates are 324.6 Million and 320.9 Million respectively.
Fortinet Inc. (NASDAQ:FTNT) topped its 52-week high price of $44.63 on Oct 22, 2015 and 52-Week Low Price of $23.16 on Feb 11, 2016. The Stock currently has the market capitalization of $6.16 Million, P/E (price to earnings ttm) of 999.71 and Weekly volatility of 2.27%% and monthly volatility of 1.89%% respectively.
Fortinet Inc. is currently showing 37.3% EPS growth this year. The Next Year EPS growth is 25.7%, Long term annual growth estimate of 21.4%, Annual EPS growth past 5 years of 2.07 percent. The Company currently has Insider ownership of 11.2 Percent and Institutional Ownership of 73 Percent. The Return on Assets stands at 0.4%, Return on Equity shows 0.8% and Return on Investment value is 0.8%.
Fortinet Inc. Gross Margin percentage stands at 72.6% while its Operating Margin for trailing twelve month is 0.3 percent and Profit margin (ttm) is 0.6 Percent. The stock is currently moving above its 20-Day Simple Moving Average of -1.12% with the 50-Day Simple Moving Average of -1.12 percent. Currently, the company has SMA200 (200-day simple moving average) of 10.03 Percent. The Stock has YTD (year to date) performance of 12.26 percent.
Many research firms have provided their ratings on Fortinet Inc. (NASDAQ:FTNT) where Pacific Crest provided Overweightrating on the stock on 30-Aug-16. Other firms include Deutsche Bank giving Hold rating on 26-Jan-16.
In the past 6 months, 0 Insider purchases and 24 Insider Sales were made in which 899590 shares were exchanged as Insider Sales.
The latest Insider trade was made on 31 Aug 2016 where Whittle (John) General Counsel did a transaction type “Buy” in which 834 shares were traded at a price of $26.7. Another insider trade includes Chief Financial Officer Del Matto Andrew H who also initiated a transaction in which 3250 shares were traded on 31 Aug 2016 as “Sell”.
Fortinet, Inc., headquartered in Sunnyvale, California, is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. Its solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking, antivirus, intrusion prevention, Web filtering, antispam and wide area network acceleration. Through its products and subscription services, the company provides integrated protection against dynamic security threats while simplifying the IT security infrastructure. Its solution incorporates the application-specific integrated circuits, hardware architecture, operating system, and set of associated security and networking functions to defend against multiple categories of IT security attacks without impacting network performance. Its flagship UTM solution consists of FortiGate appliance product line and FortiGuard security subscription services.