FORTINET INC stock forecast: down to 65.30 USD FTNT stock price prognosis

STOCK

Forecast for Fri 26 May 2023 price 65.43

FORTINET INC stock price forecast for further price development down to -0.78% (time horizon: 1 day) and price target of 65.30 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) FORTINET INC share price prediction for 2023-05-26 with daily closed price projections

Key Facts

Symbol FTNT 

ISIN US34959E1091 

CUSIP 34959E109

Currency USD

Category Computer Peripheral Equipment, Nec

Forecast price change %

News sentiment (0.81)

News <--> Close correlation for next day influence (-0.48)

Finance numbers

Revenue 2,727,000,000.0

Earnings per share 2.95

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On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

These solutions deliver intelligence and insights. The high-end FortiGate products use multiple CPUs, SPU CPs and SPU NPs. We offer fair, competitive compensation and benefits based on a culture of meritocracy. For example, we enter into development agreements with third parties. The sale and support of our products also entail the risk of product liability claims. The risks described above could therefore be exacerbated by the COVID-19 pandemic. Further, we may expand the scope of our ERP and CRM systems. We rely on the availability of third-party licenses. Many of our products include software or other IP licensed from third parties. The focus of all of these audits is the allocation of profit between our legal entities. The trading price of our common stock may be volatile.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/0001262039-21-000008.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 60.76/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
American Portfolios Advisors 2019-12-31 1006
American Portfolios Advisors 2022-06-30 30566
American Portfolios Advisors 2021-12-31 3513
Neo Ivy Capital Management 2022-12-31 12096
ETF MANAGERS GROUP, LLC 2022-12-31 1213173

Fund ownership list is based on filling form information

Fund name Date Amount Profile
AB VARIABLE PRODUCTS SERIES FUND, INC. 2022-12-31 270500 Long
SPDR SERIES TRUST 2022-12-31 19203 Long
SPDR INDEX SHARES FUNDS 2022-12-31 146 Long
SELECT SECTOR SPDR TRUST 2022-12-31 3036637 Long
SPDR SERIES TRUST 2022-12-31 25947 Long

Insider trading for FORTINET INC

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1476336 Whittle John 2022-11-11 SALE Reject Reject Reject Reject
1475586 Xie Michael 2023-02-02 SALE Reject Reject Reject Reject
1924858 Perche Patrice 2023-02-21 SALE Accept Accept Accept 0
Assets / Liabilities

Bollinger Bollinger Bands for FORTINET INC can provide the information where the market is moving based on price information.

FORTINET INC Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns FORTINET INC.

On-Balance Volume information for FORTINET INC. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for FORTINET INC. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for FORTINET INC. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for FORTINET INC. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for FORTINET INC. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for FORTINET INC. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for FORTINET INC. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

52W High 52W Low Market Cap

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Figure below show the stock predictions.
Date Closing price Prediction was updated
2023-04-28 65.30 2023-03-31 02:19
2023-05-01 65.21 2023-03-31 02:19
2023-05-02 65.31 2023-03-31 02:19
2023-05-03 65.26 2023-03-31 02:19
2023-05-08 65.30 2023-03-31 02:19
2023-05-09 65.32 2023-03-31 02:19
2023-05-10 65.33 2023-03-31 02:19
2023-05-04 65.29 2023-03-31 02:19
2023-05-05 65.30 2023-03-31 02:19
2023-05-11 65.34 2023-03-31 02:19
2023-05-12 65.34 2023-03-31 02:19
2023-05-15 65.37 2023-03-31 02:19
2023-05-16 65.35 2023-03-31 02:19
2023-05-17 65.38 2023-03-31 02:19
2023-05-18 65.37 2023-03-31 02:19
2023-05-19 65.38 2023-03-31 02:19
2023-05-22 65.40 2023-03-31 02:19
2023-05-23 65.39 2023-03-31 02:19
2023-05-24 65.41 2023-03-31 02:19
2023-05-26 65.43 2023-03-31 02:19
2023-05-25 65.41 2023-03-31 02:19
2023-04-06 65.45 2023-03-31 02:19
2023-04-03 65.72 2023-03-31 02:19
2023-04-04 65.44 2023-03-31 02:19
2023-04-05 65.27 2023-03-31 02:19
2023-04-07 64.87 2023-03-31 02:19
2023-04-10 65.23 2023-03-31 02:19
2023-04-11 64.95 2023-03-31 02:19
2023-04-12 65.03 2023-03-31 02:19
2023-04-13 65.16 2023-03-31 02:19
2023-04-14 65.00 2023-03-31 02:19
2023-04-17 65.26 2023-03-31 02:19
2023-04-18 65.13 2023-03-31 02:19
2023-04-19 65.23 2023-03-31 02:19
2023-04-20 65.21 2023-03-31 02:19
2023-04-21 65.27 2023-03-31 02:19
2023-04-24 65.23 2023-03-31 02:19
2023-04-25 65.29 2023-03-31 02:19
2023-04-26 65.24 2023-03-31 02:19
2023-04-27 65.23 2023-03-31 02:19

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.