|Bid||81.86 x 1300|
|Ask||83.20 x 1800|
|Day's Range||82.58 - 83.50|
|52 Week Range||48.42 - 94.37|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||43.51|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||87.15|
Fortinet Inc NASDAQ/NGS:FTNTView full report here! Summary * Bearish sentiment is low but may be increasing Bearish sentimentShort interest | PositiveShort interest is low for FTNT with fewer than 5% of shares on loan. However, this represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on February 7. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FTNT had net inflows of $65 million over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CyberArk (CYBR) fourth-quarter 2018 results benefit from growing adoption of its solutions and increased demand for privileged access security.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Fortinet, Inc.'s (NASDAQ:FTNT) released its most recentRead More...
Investors target stocks that have been on a bullish run lately. Stocks seeing price strength have a high chance of carrying the momentum forward.
Decline in digital networking business hurts NXP Semiconductors (NXPI) fourth-quarter 2018 results. However, strength in demand for RF power solutions, ADAS and i.MX are positives.
Fortinet, Inc. (FTNT) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
President & CEO of Fortinet Inc (NASDAQ:FTNT) Ken Xie sold 80,000 shares of FTNT on 02/11/2019 at an average price of $81.64 a share.
DailyOTC.com News Commentary -- A series of cyber-attacks like WannaCry or WannaCrypt ransomware attacks and Petya rocked the globe last year, while it’s difficult to predict what will happen this year, we can guess that cyber criminals will find new ways to carry out their attacks. As such, demand for cybersecurity solutions will continue to grow, and cybersecurity stocks will continue to outperform. The cybersecurity market is growing rapidly because of the rising need for cloud-based cybersecurity solutions among Small and Medium-sized Enterprises (SMEs).
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MU(Continued from Prior Part)Demisto could boost automation offerings Palo Alto Networks (PANW) is in talks to buy information security company Demisto, Reuters has reported, citing a report
NEW YORK, Feb. 08, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
It could have been worse. Though the S&P 500 closed with a loss of 0.94% on Thursday, that's a significant improvement on the intraday loss of 1.6%. Some opportunity-minded traders weren't terribly afraid to already step into the dip.Had it not been for names like General Electric (NYSE:GE) or Advanced Micro Devices (NASDAQ:AMD), the market may have even been able to fight its way back into the black. GE stock fell nearly 4% yesterday after Fitch cut its ratings outlook on the struggling company from "stable" to "negative." AMD fell 2.5%, as investors continue to wonder what the company's future plausibly looks like.There were still a handful of winners … names like Chipotle Mexican Grill (NYSE:CMG), which gained more than 11% after an earnings beat became validation of its turnaround effort. There just weren't enough stories like Chipotle's.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs the week winds down, it's the slightly less volatile names like Regions Financial (NYSE:RF), Fortinet (NASDAQ:FTNT) and U.S. Bancorp (NYSE:USB) that look ready to make reliable moves. In all three cases though, one more piece of the puzzle needs to be placed. Regions Financial (RF)Regions Financial got off to a great start yesterday, as did most names … and banking stocks in particular. The stock pushed up and off its 20-day moving average line, seemingly shaking off recent weakness. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Its bump into its 100-day moving average line, however, put an alarming degree of profit-taking into motion. Though so far the failed breakout move can be chalked up to volatility, a little bearish follow-through could actually do a lot of damage. Click to Enlarge • The volume spike is telling. You can't see it on either of our stock charts, but on an intraday chart it becomes clear there was more volume behind the selling than the buying. And, it started quite early. The strong open never has much support.• We still have to respect the potential support at the 20-day line, plotted in blue, which has kept RF shares propped up for the past week.• A break above the gray 100-day moving average line still can't be ruled out, but given Thursday's action, a close above that level has become a prerequisite for any new long entry. U.S. Bancorp (USB)Curiously, though not surprisingly, Regions Financial wasn't the only banking stock to wave red flags on Thursday. U.S. Bancorp did as well. But, it waved a different red flag.Regardless, current owners have good reason to be concerned. Click to Enlarge • The weekly chart puts things in perspective, though the worry is only evident on the daily chart. While USB stock has rallied nicely from its December low, the recent test at the white 200-day moving average line seems to have ended in failure as of Thursday.• The shape of yesterday's bar is just as concerning as its location. It's almost a complete engulfing pattern, meaning Thursday's open-close range expands the prior day's entire high-low range … turned in the other direction. Also "engulfed" were the 200-day moving average and the 100-day moving average lines.• While yesterday signals a potential pivot, such clues generally require confirmation in the form of a lower close. Fortinet (FTNT)Finally, in late January we noted Fortinet shares were trapped in a trading range, between $64.50 and $75.70. At the time, the stock looked content to not only remain in that range, but remain in the very middle of that range.It didn't. The bulls finally took charge, forcing Fortinet up and over the upper boundary earlier this month, clearing another major technical hurdle in the meantime. Shares have peeled back since then, but found a telling floor as of yesterday's session. Click to Enlarge • The shape of yesterday's bar is noteworthy. While FTNT closed at a loss, it also closed well above the low. Buyers were pouring back in as the closing bell rang.• Also noteworthy is where the floor was found. All it took as a kiss of the gray 100-day moving average line to pivot back into buying mode.• While the stage is set for a "second wave," before Fortinet is buy-worthy it needs to confirm the pivot with a close above Thursday's high.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post 3 Big Stock Charts for Friday: Regions Financial, Fortinet and U.S. Bancorp appeared first on InvestorPlace.
The Chinese-born brothers are now billionaires from their stakes in Fortinet Inc., the Silicon Valley-based network security software firm they co-founded almost two decades ago, according to the Bloomberg Billionaires Index. Cloud-focused firms including Fortinet and Palo Alto Networks Inc. have benefited as businesses update their computer infrastructures, posing a threat to more established network software providers such as Cisco Systems Inc. and Juniper Networks Inc. Fortinet counts most Fortune 500 companies as its customers, according to its website.