Technical Indicators and Signals
The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Fortinet Inc. (NASDAQ:FTNT) for the period of 9-Day stands at 82.45% while the stochastic %D for the same period stands at 75.1%.
The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Fortinet Inc. (NASDAQ:FTNT) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.
Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Fortinet Inc. (NASDAQ:FTNT) while 20-100 Day MACD Oscillator indicates “Buy”.
Bollinger band is a volatility indicator of a certain security, currently Fortinet Inc. (NASDAQ:FTNT)’s 20-Day Bollinger Band indicates “Hold”.
Fortinet, Inc., headquartered in Sunnyvale, California, is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. Its solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking, antivirus, intrusion prevention, Web filtering, antispam and wide area network acceleration. Through its products and subscription services, the company provides integrated protection against dynamic security threats while simplifying the IT security infrastructure. Its solution incorporates the application-specific integrated circuits, hardware architecture, operating system, and set of associated security and networking functions to defend against multiple categories of IT security attacks without impacting network performance. Its flagship UTM solution consists of FortiGate appliance product line and FortiGuard security subscription services.
Previous Day Activity Analysis
On the last trading day, Fortinet Inc. (NASDAQ:FTNT) opened the session at $39.49 and after going up 1.14% closed at $39.94. The stock gained 0.45 points in the last trade.
Fortinet Inc. (NASDAQ:FTNT)’s stock fluctuated in the range of $39.22 and $40.09 during the previous active session. Fortinet Inc. (NASDAQ:FTNT) traded with the volume of 1.6 Million with average volume of 1.32 Million. The stock has LOW volatility on the last trading session.
Currently the Beta for the company remains at 0.91 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.87 and 56.69 respectively.
Currently the Insider Ownership of the shares of Fortinet Inc. (NASDAQ:FTNT) is at 11.2% and the shares outstanding are 171.94 Million.
Important Ratio Analysis
Some important ratios to consider here for Fortinet Inc. (NASDAQ:FTNT) are discussed below:
Price to Earnings P/E ratio stands at 83.38 while Forward P/E shows the value of 33.45.
The PEG ratio (Price to Earning to Growth) emits the value of 3.98. The Price to Sale P/S and Price to Book P/B shows the value of 4.77 and 7.77 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 5.38 and 17.19 correspondingly.
The Quick Ratio of Fortinet Inc. (NASDAQ:FTNT) stands at 1.7 while the Current Ratio depicts the value of 1.8.
Return on Assets ROA of Fortinet Inc. (NASDAQ:FTNT) is at 3.7% whereas, Return on Equity ROE and Return of Investment ROI of Fortinet Inc. (NASDAQ:FTNT) stand at 9.6% and 3.8% respectively.
Stock Performance Analysis
The stock performance of Fortinet Inc. (NASDAQ:FTNT) on the basis of 5 day trade show the jump of 2.38% whereas, the monthly performance of the stock shows increase of 3.71%.
The quarterly performance of the stock remained in green zone with the value of 7.8% while six month performance of the shares of Fortinet Inc. (NASDAQ:FTNT) remained bearish with the count of -1.26%.
The yearly and YTD performance of Fortinet Inc. (NASDAQ:FTNT) remained up at 27.24% and 32.6% respectively.