After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Tech Industry Leader and Boardroom Powerhouse Maggie Wilderotter Joins Fortinet Board of Directors.
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Stocks Info
Fortinet Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Fortinet Inc is $53.72B. A total of 4.99 million shares were traded on the day, compared to an average of 6.94M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FTNT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 83 BUYs and 46 SELLs from insiders. Insiders purchased 305,930 shares during that period but sold 348,312.
In the most recent transaction, Xie Ken sold 46,139 shares of FTNT for 70.50 per share on Feb 14. After the transaction, the PRESIDENT & CEO now owns 51,850,832 company shares. In a previous transaction on Feb 13, Xie Ken sold 46,084 shares at 69.07 per share. FTNT shares that PRESIDENT & CEO owns now total 51,813,638.
Among the insiders who sold shares, Whittle John disposed of 43,745 shares on Feb 12 at a per-share price of $70.43. This resulted in the CHIEF OPERATING OFFICER holding 42,387 shares of FTNT after the transaction. In another insider transaction, Xie Michael sold 38,369 shares at $66.45 per share on Feb 02. Company shares held by the VP, ENGINEERING & CTO now total 29,887,018.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FTNT in the last 3 months, the mean price target is $77.03 with high estimates of $90.00 and low estimates of $57.00. 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 $0.38 per share for the current quarter. EPS was calculated based on a consensus of 33 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.37. The company reported an EPS of $0.41 in the last quarter, which was 13.90% higher than expectations of $0.36.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 -$0.61, while its Total Shareholder’s Equity was $798.40M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
