Fortinet Inc (NASDAQ: FTNT) stock closed at $69.93 on 8/7/24 after a major increase of 25.3%. Moreover, trading volume in this advance was exceptionally high at 405% of normal. The stock has performed in line with the market over the last nine months and has risen 21.6% during the last week.
Current PriceTarget Research Rating
FTNT’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Fortinet is currently unrated.
Rating Review
The stock is currently unrated.
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