Fortinet Inc (NASDAQ: FTNT)’s stock price has plunge by 3.15relation to previous closing price of 94.23. Nevertheless, the company has seen a 3.59% surge in its stock price over the last five trading sessions. youtube.com reported 2025-01-21 that With Donald Trump officially in office, Dr. Chris Pierson expects to see less oversight on cybersecurity in the private sector and instead place a greater emphasis in Federal agencies. Mike Marcotte agrees but hopes to see more people knowledgeable in the space take more leadership roles in Federal government.
Is It Worth Investing in Fortinet Inc (NASDAQ: FTNT) Right Now?
Fortinet Inc (NASDAQ: FTNT) has a higher price-to-earnings ratio of 49.00x compared to its average ratio, The 36-month beta value for FTNT is at 1.01. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 8 rating it as “overweight,” 25 as “hold,” and 1 as “sell.”
The public float for FTNT is 632.27M, and currently, shorts hold a 2.54% of that float. The average trading volume for FTNT on January 22, 2025 was 4.57M shares.
FTNT’s Market Performance
The stock of Fortinet Inc (FTNT) has seen a 3.59% increase in the past week, with a -0.43% drop in the past month, and a 20.21% gain in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.64% for FTNT. The simple moving average for the last 20 days is 1.74% for FTNT stock, with a simple moving average of 30.34% for the last 200 days.
Analysts’ Opinion of FTNT
Piper Sandler, on the other hand, stated in their research note that they expect to see FTNT reach a price target of $120, previously predicting the price at $100. The rating they have provided for FTNT stocks is “Overweight” according to the report published on January 06th, 2025.
KeyBanc Capital Markets gave a rating of “Overweight” to FTNT, setting the target price at $115 in the report published on December 19th of the previous year.
FTNT Trading at 2.20% from the 50-Day Moving Average
After a stumble in the market that brought FTNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.76% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +4.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.74% upper at present.
During the last 5 trading sessions, FTNT rose by +3.59%, which changed the moving average for the period of 200-days by +36.29% in comparison to the 20-day moving average, which settled at $95.54. In addition, Fortinet Inc saw 2.88% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FTNT starting from Xie Ken, who sale 23,044 shares at the price of $93.32 back on Jan 15 ’25. After this action, Xie Ken now owns 49,039,698 shares of Fortinet Inc, valued at $2,150,460 using the latest closing price.
Xie Ken, the PRESIDENT & CEO of Fortinet Inc, sale 23,013 shares at $92.27 during a trade that took place back on Jan 14 ’25, which means that Xie Ken is holding 49,021,076 shares at $2,123,333 based on the most recent closing price.
Stock Fundamentals for FTNT
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.8 for the gross margin
The net margin for Fortinet Inc stands at 0.27. The total capital return value is set at 0.32. Equity return is now at value 311.53, with 18.74 for asset returns.
Based on Fortinet Inc (FTNT), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 1.98. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 78.65.
Currently, EBITDA for the company is 1.47 billion with net debt to EBITDA at -0.79. When we switch over and look at the enterprise to sales, we see a ratio of 12.78. The receivables turnover for the company is 5.47for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In conclusion, Fortinet Inc (FTNT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
