The price of Fortinet Inc (NASDAQ:FTNT) shares last traded on Wall Street fell -0.25% to $101.78.
FTNT stock price is now 1.89% away from the 50-day moving average and 9.74% away from the 200-day moving average. The market capitalization of the company currently stands at $77.90B.
With the price target reduced from $122 to $110, BMO Capital Markets maintained Market Perform rating for Fortinet Inc (NASDAQ: FTNT). On May 06, 2025, DZ Bank Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock keeping its target price maintained at $95, while ‘Roth Capital’ rates the stock as ‘Neutral’
In other news, KEITH JENSEN, Officer bought 5,670 shares of the company’s stock on May 27 ’25. The stock was bought for $584,917 at an average price of $103.16. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’25, Officer KEITH JENSEN bought 3,150 shares of the business’s stock. A total of $329,962 was incurred on buying the stock at an average price of $104.75. A total of 16.97% 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 0.51, a current ratio of 1.36, and a quick ratio of 1.29.
The net profit margin was 30.60% and return on equity was 205.91% for FTNT. The company reported revenue of $1.54 billion for the quarter, compared to $1.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.77 percent.
