Fortinet Inc (NASDAQ: FTNT) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Fortinet Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. The current market capitalization of Fortinet Inc is $81.76B. A total of 8.27 million shares were traded on the day, compared to an average of 4.39M shares.

In the most recent transaction, KEITH JENSEN bought 56,705 shares of FTNT for 83.68 per share on Nov 08 ’24. In a previous transaction on Nov 08 ’24, JOHN WHITTLE bought 38,495 shares at 83.68 per share.

Among the insiders who sold shares, Xie Michael disposed of 24,712 shares on Nov 04 ’24 at a per-share price of $78.86. This resulted in the VP, ENGINEERING & CTO holding 10,827,018 shares of FTNT after the transaction. In another insider transaction, MICHAEL XIE bought 24,712 shares at $78.80 per share on Nov 04 ’24.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, FTNT has a high of $92.53 and a low of $49.63.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $1.19, while its Total Shareholder’s Equity was $798.40M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 3.64.

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