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Realtime updates for Fortinet Inc [FTNT]

Exchange: NASDAQ Sector: Technology Industry: Software—Infrastructure
BUY
58.00%
return 3.09%
SELL
42.86%
return 11.10%
Last Updated24 Apr 2024 @ 16:00

1.00% $ 65.45

SELL 1070 min ago

@ $65.24

Issued: 24 Apr 2024 @ 13:24


Return: 0.32%


Previous signal: Apr 24 - 10:45


Previous signal: Buy


Return: 0.49 %

Live Chart Being Loaded With Signals

Commentary (24 Apr 2024 @ 16:00):
Our systems believe the stock currently is overvalued by 0.14% compare to its pairs and should correct downwards.

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific...

Stats
Today's Volume 3.78M
Average Volume 5.70M
Market Cap 49.94B
EPS $0 ( 2024-02-06 )
Next earnings date ( $0.380 ) 2024-05-02
Last Dividend $0 ( N/A )
Next Dividend $0 ( N/A )
P/E 44.83
ATR14 $1.210 (1.85%)
Insider Trading
Date Person Action Amount type
2024-04-19 Wilderotter Mary Agnes Buy 0
2024-04-17 Xie Ken Buy 41 666 Common Stock
2024-04-16 Xie Ken Buy 41 667 Common Stock
2024-04-17 Xie Ken Sell 23 904 Common Stock
2024-04-17 Xie Ken Sell 100 Common Stock
INSIDER POWER
-0.76
Last 99 transactions
Buy: 10 243 951 | Sell: 10 401 228
Correlation (AI algo v.1.1b): Overvalued: -0.14% $65.37 paired level. (The Algo Track The Changes Of The Most Correlated Stocks In Realtime And Give An Instant Update)

Volume Correlation

Long: 0.85 (strong)
Short: -0.71 (moderate negative)
Signal:(43) Neutral

Fortinet Inc Correlation

10 Most Positive Correlations
NVDA0.961
NVTS0.956
META0.952
PDFS0.949
BRKS0.949
INOD0.949
ALTR0.947
CDNS0.944
ALGM0.944
LSCC0.944
10 Most Negative Correlations
TSHA-0.948
NCBS-0.947
GSMG-0.941
NAKD-0.935
WTBA-0.934
ALRS-0.93
IPA-0.926
TRIT-0.925
ALXO-0.924
PIXY-0.923

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Fortinet Inc Correlation - Currency/Commodity

The country flag -0.77
( moderate negative )
The country flag -0.85
( strong negative )
The country flag 0.00
( neutral )
The country flag -0.20
( neutral )
The country flag 0.40
( neutral )
The country flag 0.77
( moderate )

Fortinet Inc Financials

Annual 2023
Revenue: $5.30B
Gross Profit: $4.05B (76.32 %)
EPS: $1.470
Q4 2023
Revenue: $1.42B
Gross Profit: $1.10B (77.68 %)
EPS: $0.410
Q3 2023
Revenue: $1.33B
Gross Profit: $1.02B (76.20 %)
EPS: $0.410
Q2 2023
Revenue: $1.29B
Gross Profit: $997.00M (77.12 %)
EPS: $0.340

Financial Reports:

No articles found.

Fortinet Inc

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.

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