Fortinet Inc (NASDAQ:FTNT) shares traded -1.79% down during most recent session to reach at the closing price of $92.37. The stock exchanged hands 1.76 Million shares versus average trading capacity of 1.87 Million shares, yielding a market cap of $15.65 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $88.22 within the next 52-weeks. The mean target projections are based on 27 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Fortinet Inc (NASDAQ:FTNT) high price target of $106 and with a conservative view have low price target of $54.
Stifel Nicolaus “Maintained” Fortinet Inc (NASDAQ:FTNT) in a research note issued to investors on 4/16/19 to Hold with price target of $95.
Additionally on 3/27/19 Mizuho “Initiates Coverage On” Fortinet Inc (NASDAQ:FTNT) to Neutral setting price target at $90 and on 2/08/19 First Analysis “Upgrades” the stock to Outperform at $0. Furthermore on 1/22/19 BMO Capital “Downgrades” the stock to Market Perform at $78.
On the other hand the company has Relative Strength Index (RSI 14) of 62.36 along with Average True Range (ATR 14) of 2.55, Consequently Fortinet Inc (NASDAQ:FTNT)’s weekly and monthly volatility is 3.15%, 3.07% respectively. The company’s beta value is at 0.89.
In terms of Buy, Sell or Hold recommendations, Fortinet Inc (NASDAQ:FTNT) has analysts’ mean recommendation of 2.5. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Fortinet Inc (NASDAQ:FTNT)’s minimum EPS for the current quarter is at $0.38 and can go high up to $0.41. The consensus mean EPS for the current quarter is at $0.39 derived from a total of 28 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.33 earnings per share for the same quarter during last year.
Previously Fortinet Inc (NASDAQ:FTNT) reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company posted an earnings surprise of 13.5%.
Fortinet Inc (NASDAQ:FTNT)’s revenue estimates for the current quarter are $471.79 Million according to 24 number of analysts, for the current quarter the company has high revenue estimates of $482.5 Million in contradiction of low revenue estimates of $467.38 Million. For the current year the company’s revenue estimates are $2.09 Billion compared to low analyst estimates of $2.07 Billion and high estimates of $2.15 Billion according to 28 number of analysts.
Currently Fortinet Inc (NASDAQ:FTNT)’s shares owned by insiders are 11.2%, whereas shares owned by institutional owners are 77.3%. However the six-month change in the insider ownership was recorded -1.57%, as well as three-month change in the institutional ownership was recorded 0.18%.
Fortinet Inc (NASDAQ:FTNT)’s trailing twelve month revenues are $1.8 Billion, whereas its price to sales ratio for the same period is 8.69. Its book value per share for the most recent quarter is $5.93 while its price to book ratio for the same period is 15.58, as for as the company’s cash per share for the most recent quarter is $9.74, however its price to cash per share ratio for the same period is 9.49. The stock has 5 year expected PEG ratio of 1.67 whereas its trailing twelve month P/E ratio is 44.3.