Fortinet logged a 2.6% change during today's evening session, and is now trading at a price of $55.04 per share. The S&P 500 index moved 0.0%. FTNT's trading volume is 7,619,506 compared to the stock's average volume of 6,777,579.
Fortinet trades -3.91% away from its average analyst target price of $57.28 per share. The 36 analysts following the stock have set target prices ranging from $49.0 to $78.9, and on average have given Fortinet a rating of buy.
If you are considering an investment in FTNT, you'll want to know the following:
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Fortinet's current price is 2940.9% above its Graham number of $1.81, which implies that at its current valuation it does not offer a margin of safety
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Fortinet has moved -2.0% over the last year, and the S&P 500 logged a change of 15.0%
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Based on its trailing earnings per share of 1.44, Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 38.2 while the S&P 500 average is 15.97
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FTNT has a forward P/E ratio of 32.6 based on its forward 12 month price to earnings (EPS) of $1.69 per share
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The company has a price to earnings growth (PEG) ratio of 2.14 — a number near or below 1 signifying that Fortinet is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 579.37 compared to its sector average of 7.92
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Fortinet, Inc. provides cybersecurity and networking solutions worldwide.
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Based in Sunnyvale, the company has 13,618 full time employees and a market cap of $42.27 Billion.