Value Investing Philosophy And Fortinet Inc (NASDAQ: FTNT)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Fortinet Announces the Industry’s First Wi-Fi 7–Enabled Secure Networking Solution.

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Stocks Info

FTNT belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $66.09 and fluctuated between $66.44 as its day high and $64.86 as its day low. The current market capitalization of Fortinet Inc is $50.75B. A total of 9.13 million shares were traded on the day, compared to an average of 7.47M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FTNT has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 105,100 shares. Over the last 12 months, there were 93 BUYs and 53 SELLs from insiders. Insiders purchased 831,350 shares during that period but sold 1,033,215.

In the most recent transaction, Xie Michael sold 38,369 shares of FTNT for 66.45 per share on Feb 02. After the transaction, the VP, ENGINEERING & CTO now owns 29,887,018 company shares. In a previous transaction on Jan 10, Xie Ken sold 28,052 shares at 60.20 per share. FTNT shares that President & CEO owns now total 51,756,373.

Among the insiders who sold shares, Xie Ken disposed of 46,733 shares on Jan 09 at a per-share price of $60.12. This resulted in the President & CEO holding 51,701,091 shares of FTNT after the transaction. In another insider transaction, Perche Patrice sold 7,535 shares at $58.22 per share on Dec 21. Company shares held by the Chief Revenue Off./EVP Supp. now total 25,730.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FTNT in the last 3 months, the mean price target is $62.64 with high estimates of $77.00 and low estimates of $49.00. In terms of 52-week highs and lows, FTNT has a high of $81.24 and a low of $44.12.

As of this writing, FTNT has an earnings estimate of $0.43 per share for the current quarter. EPS was calculated based on a consensus of 32 estimates, with a high estimate of $0.45 per share and a lower estimate of $0.42. The company reported an EPS of $0.38 in the last quarter, which was 11.80% higher than expectations of $0.34.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FTNT’s latest balance sheet shows that the firm has $2.55B in Cash & Short Term Investments as of fiscal 2021. There were $988.40M in debt and $2.32B in liabilities at the time. Its Book Value Per Share was $0.10, while its Total Shareholder’s Equity was $798.40M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FTNT is Buy with a score of 3.63.

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