In Thursday’s Wall Street session, Fortinet Inc (NASDAQ:FTNT) shares traded at $104.21, up 0.43% from the previous session.
FTNT stock price is now 4.57% away from the 50-day moving average and 17.92% away from the 200-day moving average. The market capitalization of the company currently stands at $80.13B.
With the price target of $103, Roth Capital recently initiated with Neutral rating for Fortinet Inc (NASDAQ: FTNT). On April 01, 2025, Stephens recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $108, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, GOLDMAN KENNETH A, Director sold 2,000 shares of the company’s stock on Mar 12 ’25. The stock was sold for $200,000 at an average price of $100.00. Upon completion of the transaction, the Director now directly owns 18,612 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, VP, ENGINEERING & CTO Xie Michael sold 326,784 shares of the business’s stock. A total of $32,079,517 was realized by selling the stock at an average price of $98.17. This leaves the insider owning 11,000,068 shares of the company worth $1.15 billion. A total of 16.98% of the company’s stock is owned by insiders.
During the past 12 months, Fortinet Inc has had a low of $54.57 and a high of $114.82. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.47, and a quick ratio of 1.39. According to the stock market information, the enterprise value for the company is $77141688320, which is based on a 46.11 price-to-earnings ratio, a 4.94 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for FTNT is $99.6538 and a two-hundred day moving average price translates $88.3753 for the stock.
The latest earnings results from Fortinet Inc (NASDAQ: FTNT) was released for 2024-12-31. The net profit margin was 29.30% and return on equity was 338.74% for FTNT. The company reported revenue of $1.66 billion for the quarter, compared to $1.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.31 percent.
