Fortinet (FTNT) Reaches New Lifetime High Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Fortinet ( FTNT) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Fortinet as such a stock due to the following factors:

  • FTNT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $58.7 million.
  • FTNT has traded 49,376 shares today.
  • FTNT is trading at a new lifetime high.

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More details on FTNT:

Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. FTNT has a PE ratio of 353. Currently there are 14 analysts that rate Fortinet a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Fortinet has been 1.6 million shares per day over the past 30 days. Fortinet has a market cap of $6.6 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.67 and a short float of 3.8% with 3.67 days to cover. Shares are up 26.5% year-to-date as of the close of trading on Thursday.

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