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FTNT
Stock ticker:
NASDAQ
AS OF
Oct 6, 01:08 PM (EDT)
Price
$54.25
Change
+$0.66 (+1.23%)
Capitalization
39.4B

FTNT Price Prediction, Fortinet AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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FTNT Trading results, last 6 months
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AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Oct 05, 2022

FTNT's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for FTNT turned positive on September 29, 2022. Looking at past instances where FTNT's MACD turned positive, the stock continued to rise in 38 of 46 cases over the following month. The odds of a continued upward trend are 83%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 03, 2022. You may want to consider a long position or call options on FTNT as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FTNT moved above its 50-day moving average on October 04, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTNT advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for FTNT moved out of overbought territory on September 13, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTNT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FTNT broke above its upper Bollinger Band on October 04, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for FTNT entered a downward trend on September 09, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FTNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: FTNT's P/B Ratio (232.558) is very high in comparison to the industry average of (16.351). P/E Ratio (60.976) is within average values for comparable stocks, (157.305). Projected Growth (PEG Ratio) (1.985) is also within normal values, averaging (6.063). Dividend Yield (0.000) settles around the average of (0.034) among similar stocks. P/S Ratio (10.753) is also within normal values, averaging (86.428).

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

FTNT is expected to report earnings to rise 13.96% to 27 cents per share on November 03

Fortinet FTNT Stock Earnings Reports
Q3'22
Est.
$0.27
Q2'22
Beat
by $0.02
Q1'22
Beat
by $0.03
Q4'21
Beat
by $0.08
Q3'21
Beat
by $0.05
The last earnings report on August 03 showed earnings per share of 23 cents, beating the estimate of 21 cents. With 1.23M shares outstanding, the current market capitalization sits at 39.40B.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Activision Blizzard (NASDAQ:ATVI), Uber Technologies (NYSE:UBER), Atlassian Corporation (NASDAQ:TEAM), Palo Alto Networks (NASDAQ:PANW).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 5.67B. The market cap for tickers in the group ranges from 580 to 1.8T. MSFT holds the highest valuation in this group at 1.8T. The lowest valued company is NANN at 580.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -26%. ICCO experienced the highest price growth at 150%, while NTDOF experienced the biggest fall at -90%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -8% and the average quarterly volume growth was -58%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 71
Price Growth Rating: 58
SMR Rating: 67
Profit Risk Rating: 89
Seasonality Score: 0 (-100 ... +100)
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FTNT
Buy/Sell Ratings
 
 
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AI
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published General Information

General Information

a provider of threat management and network security solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Computer Communications
Address
899 Kifer Road
Phone
+1 408 235-7700
Employees
10195
Web
https://www.fortinet.com
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FTNT and

Correlation & Price change

A.I.dvisor indicates that over the last year, FTNT has been closely correlated with PANW. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTNT jumps, then PANW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FTNT
1D Price
Change %
FTNT100%
+1.73%
PANW - FTNT
76%
Closely correlated
+1.04%
ZS - FTNT
71%
Closely correlated
+2.36%
SNPS - FTNT
71%
Closely correlated
-0.10%
CRWD - FTNT
70%
Closely correlated
+0.93%
NOW - FTNT
69%
Closely correlated
+2.19%
More