FTNT Stock Forecast: Promising Bullish Trend after the Split



FTNT Stock Forecast: Promising Bullish Trend after the Split

FTNT Stock Forecast: The stock is expected to trade between $50.9 and $58.2. The overall recommendation is Buy.

FTNT Stock Forecast: Latest Price

FTNT Stock Forecast: Performance Chart

Stock Name 5 Days 1 Month 6 Months 1 Year
FTNT 12.4% -0.7% -19.6% 19.7%

FTNT Stock Forecast: Latest Tweet

FTNT Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Positive
Market Data 
Market Cap Higher
Technical Buy
Trading Volume Higher
Crowd’s Wisdom 
Google Search Volume Higher
Social Media Sentiment Negative

Also Read: LUCID Stock Forecast 2022

FTNT Stock Forecast: Stock Split

Fortinet has shown a bullish trend since after the pandemic because of the increasing awareness and demand for security hardware. The company completed a 5 for 1 stock split on June 23. Fortinet is able to earn off recurring orders and the necessity of cyber security. The revenue generation is strong and the stock looks promising.

Their price trend suggests a bullish sentiment for all investors and a premium price is expected. The price, after stock split, is supposed to become affordable for retail investors but, since the business is booming, strong returns can be expected. Revenue is up by 34% in 2022’s first quarter and they operated on a 34% margin.

Since the split, the stock is up 3%, which is higher than its competition Qualys, Palo Alto Networks, while others like Radarware, Absolute Software Stock has had higher gains.

FTNT Stock: Latest Video

YouTube video

FTNT Stock: Earnings Summary

  Reported Estimated
EPS Q1 2022 $0.2 $0.1
EPS Q2 2022 $0.2
EPS 2022 $1.0

The Price forecast for the second half of 2022 after the split represents a high of $85 and a low of $60. This shows an increase of 19.4%. Analysts recommend “buying” this stock, while Zacks’s recommendation is to ‘hold’ the position.

FTNT Stock Forecast: Google Trends

FTNT Stock Forecast: Technical Analysis

FTNT Stock Forecast

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.



Source link