Equity Research firms currently have a positive stance on shares of Fortinet Inc. (NASDAQ:FTNT). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $40.75 on a short term basis.
At the time of writing, the stock was trading at $36.76. This represents a change from the opening price of -0.46%. In terms of performance, year to date, the stock is 18.51%. The monthly stock performance comes in at 0.82%. For the quarter, shares are performing at 17.01%. Weekly performance analysis shows the equity at 2.24%.
In taking a look at technical levels, shares are trading 3.84% away from the 50 day simple moving average and 15.87% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -17.69% away from it’s 52- week high and 58.72% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Fortinet Inc.’s RSI stands at 60.86. In looking at volatility levels, the shares saw weekly volatility of 1.63% and 1.72% over the past month.