Is This The Calm Before The Storm On Fortinet, Inc. (FTNT)?

Fortinet, Inc. (FTNT) has seen some recent movement in the marketplace and its stock finished trading at $143.43 yesterday. Traders are starting to take notice of FTNT as the stock traded as high as $144.01 and as low as $136.01 in the last market day.

Fortinet, Inc. (FTNT) average trading volume is 2.43M. However, in the last market day Fortinet, Inc. (FTNT) exchanged 1,420,937 shares. The first downside support level on FTNT is $138.35. FTNT 50 day moving average is $112.54 and FTNT 200day moving average is $106.92.

Fortinet, Inc. (FTNT) current performance has been specified by the recent movement in FTNT stock. FTNT has performed 30.10% over the past 4 weeks, FTNT has performed 20.34% over the past quarter and FTNT has shown 72.31% over the past 1 year. Fortinet, Inc. (FTNT) has a 52 week range of $68.87 to $144.03. Fortinet, Inc. (FTNT) is trading 108.26% from its 52 week low and 0.02% from its 52 week high. Fortinet, Inc. (FTNT) is showing a 4.05% short float showing the quantity short in the float.

FTNT has 170.60M shares outstanding and 134.80M shares in the float. Fortinet, Inc. (FTNT) at this time has a market cap of $22.32B and income of $369.60M. The EPS next quarter for FTNT is 0.65 and forecasted EPS net year is 16.79%. The market cap of Fortinet, Inc. (FTNT) at $22.32B signifies how many Traders own shares of FTNT and is calculated off the last price ($143.43) of FTNT and the quantity of shares outstanding (170.60M) with Fortinet, Inc. (FTNT).

Fortinet, Inc. (FTNT) has aggregate cash (mrq) of 1.4B, aggregate cash per share (mrq) of 8.67, aggregate debt of FTNT remains at 43.1M and aggregate debt/equity (mrq) is 8.04. Fortinet, Inc. (FTNT) running cash flow (ttm) is 926.1M and FTNT leveraged free cash flow (ttm) is 640.64M.

FTNT is trading 23.75% above (bullish) its SMA20, 38.15% above (bullish) its SMA50 and 46.44% above (bullish) its SMA200.

Recent News:

In recent news, on May 12, 2020, it was announced, Fortinet Leads the Market with Secure SD-WAN Innovation, Able to Scale from Home Office to Branch to Distributed Cloud. Fortinet Solidifies its Position as one of the Fastest Growing SD-WAN Vendors with Over 300% Year-Over-Year Growth and Maintains Top 3 Position in SD-WAN Market.