Fortinet Inc (NASDAQ:FTNT) traded at $102.47 at close of the session on Monday, June 02 and made an upward move of 0.68% on its previous day’s price.
Fortinet Inc has a market cap of $78.43 billion and is expected to release its quarterly earnings report in July.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.63B, with a low of 1.61B and a high of 1.66B. The median projection represents growth squeezing down to 13.36% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 6.76B, or 13.46% up from figures reported last year.
Based on estimates by 24 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Fortinet Inc (FTNT) stock as a Hold, while 14 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the FTNT stock currently stands at 4.18, and the current price level is -0.99% off its SMA20 and 2.50% from its 50-day simple moving average. The RSI (14) is pointing at 50.08 while the volatility over the past week is 1.30% and jumps to 2.66% over the past one month. The beta value is 1.07, while the average true range (ATR) is currently pointing at 3.12. The average price target for the stock over the next 12 months is $109, with the estimates having a low of $103 and a high of $123. These price ends are -0.52% and -20.04% off the current price level respectively, although investors could be excited at the prospect of a -6.37% if the FTNT share price touches on the median price of $109.
