Searching For Real Value In Market Debris At Fortinet Inc (NASDAQ: FTNT)

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.

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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 $59.25B. A total of 2.94 million shares were traded on the day, compared to an average of 5.32M shares.

In the most recent transaction, Xie Ken sold 23,511 shares of FTNT for 75.75 per share on Sep 17 ’24. After the transaction, the PRESIDENT & CEO now owns 48,860,677 company shares. In a previous transaction on Sep 18 ’24, Xie Ken sold 23,538 shares at 74.94 per share. FTNT shares that PRESIDENT & CEO owns now total 48,878,806.

Among the insiders who bought shares, KEN QING XIE acquired of 23,538 shares on Sep 18 ’24 at a per-share price of $75.61. In another insider transaction, KEN QING XIE bought 23,511 shares at $76.34 per share on Sep 17 ’24.

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 $78.08 and a low of $44.12.

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 $0.38, 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 3.69.

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