What Are The Chances Of Fortinet Inc (NASDAQ: FTNT) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Fortinet Introduces Expansive Upgrades to its Real-Time Network Security Operating System to Empower Enterprises to Fortify Their Networks.

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Stocks Info

As a NASDAQ listed company, FTNT falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of Fortinet Inc is $52.53B. A total of 4.71 million shares were traded on the day, compared to an average of 6.18M shares.

In the most recent transaction, Xie Ken sold 23,699 shares of FTNT for 70.75 per share on Mar 13 ’24. After the transaction, the PRESIDENT & CEO now owns 48,642,973 company shares. In a previous transaction on Mar 12 ’24, Xie Ken sold 23,694 shares at 71.40 per share. FTNT shares that PRESIDENT & CEO owns now total 48,625,005.

Among the insiders who bought shares, NEUKOM WILLIAM H. acquired of 497 shares on Mar 06 ’24 at a per-share price of $70.30. This resulted in the Director holding 294,365 shares of FTNT after the transaction. In another insider transaction, Sim Judith sold 20,637 shares at $70.79 per share on Mar 06 ’24. Company shares held by the Director now total 120,772.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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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