(VIANEWS) – Shares of Fortinet (NASDAQ: FTNT) jumped by a staggering 28.03% in 21 sessions from $48.38 to $61.94 at 12:08 EST on Thursday, after four sequential sessions in a row of gains. NASDAQ is sliding 0.66% to $11,991.44, after three successive sessions in a row of gains.
Fortinet’s last close was $62.81, 12.18% under its 52-week high of $71.52.
About Fortinet
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Earnings Per Share
As for profitability, Fortinet has a trailing twelve months EPS of $2.96.
PE Ratio
Fortinet has a trailing twelve months price to earnings ratio of 20.95. Meaning, the purchaser of the share is investing $20.95 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 200.92%.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 47.4% and 29.2%, respectively.
Volume
Today’s last reported volume for Fortinet is 1076777 which is 81.52% below its average volume of 5423560.
Moving Average
Fortinet’s worth is way higher than its 50-day moving average of $51.39 and way above its 200-day moving average of $53.73.
More news about Fortinet (FTNT).
