Fortinet Stock Price Prediction
| FTNT Stock | USD 95.32 0.27 0.28% |
Oversold Vs Overbought
69
Oversold | Overbought |
Quarterly Earnings Growth 0.707 | EPS Estimate Next Quarter 0.52 | EPS Estimate Current Year 2.2451 | EPS Estimate Next Year 2.4166 | Wall Street Target Price 95.2163 |
Using Fortinet hype-based prediction, you can estimate the value of Fortinet from the perspective of Fortinet response to recently generated media hype and the effects of current headlines on its competitors.
Fortinet Hype to Price Pattern
Investor biases related to Fortinet's public news can be used to forecast risks associated with an investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Fortinet's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Fortinet.
The fear of missing out, i.e., FOMO, can cause potential investors in Fortinet to buy its stock at a price that has no basis in reality. In that case, they are not buying Fortinet because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Fortinet after-hype prediction price | USD 94.51 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Fortinet |
Fortinet After-Hype Price Prediction Density Analysis
As far as predicting the price of Fortinet at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Fortinet or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Fortinet, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Fortinet Estimiated After-Hype Price Volatility
In the context of predicting Fortinet's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Fortinet's historical news coverage. Fortinet's after-hype downside and upside margins for the prediction period are 92.44 and 96.58, respectively. We have considered Fortinet's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Fortinet is very steady at this time. Analysis and calculation of next after-hype price of Fortinet is based on 3 months time horizon.
Fortinet Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Fortinet is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fortinet backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Fortinet, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.35 | 2.07 | 0.54 | 0.53 | 7 Events / Month | 8 Events / Month | In about 7 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
95.32 | 94.51 | 0.57 |
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Fortinet Hype Timeline
Fortinet is currently traded for 95.32. The entity has historical hype elasticity of -0.54, and average elasticity to hype of competition of 0.53. Fortinet is estimated to decline in value after the next headline, with the price expected to drop to 94.51. The average volatility of media hype impact on the company price is about 133.55%. The price decrease on the next news is expected to be -0.57%, whereas the daily expected return is currently at 0.35%. The volatility of related hype on Fortinet is about 138.0%, with the expected price after the next announcement by competition of 95.85. About 17.0% of the company shares are held by company insiders. The company has Price/Earnings To Growth (PEG) ratio of 1.64. Fortinet had not issued any dividends in recent years. The entity had 5:1 split on the 23rd of June 2022. Given the investment horizon of 90 days the next estimated press release will be in about 7 days. Check out Fortinet Basic Forecasting Models to cross-verify your projections.Fortinet Related Hype Analysis
Having access to credible news sources related to Fortinet's direct competition is more important than ever and may enhance your ability to predict Fortinet's future price movements. Getting to know how Fortinet's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Fortinet may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CRWD | Crowdstrike Holdings | 12.58 | 6 per month | 1.88 | 0.12 | 4.04 | (3.44) | 12.69 | |
| OKTA | Okta Inc | (1.37) | 10 per month | 0.00 | (0.16) | 2.39 | (3.42) | 17.64 | |
| NET | Cloudflare | 4.48 | 8 per month | 1.83 | 0.09 | 5.47 | (3.44) | 13.45 | |
| MDB | MongoDB | 1.45 | 12 per month | 1.87 | 0.11 | 6.18 | (3.22) | 23.05 | |
| PANW | Palo Alto Networks | (1.58) | 7 per month | 1.89 | 0.02 | 2.45 | (3.03) | 9.85 | |
| SPLK | Splunk Inc | 4.48 | 28 per month | 1.70 | 0.03 | 4.36 | (3.33) | 10.70 | |
| ADBE | Adobe Systems Incorporated | (5.49) | 6 per month | 0.00 | (0.13) | 2.87 | (2.89) | 10.09 | |
| PLTR | Palantir Technologies Class | 1.16 | 5 per month | 1.42 | 0.27 | 8.61 | (2.80) | 30.33 | |
| ZS | Zscaler | (0.42) | 10 per month | 3.80 | 0 | 3.73 | (3.37) | 20.36 | |
| PATH | Uipath Inc | (0.29) | 10 per month | 2.49 | 0.03 | 4.52 | (3.82) | 12.04 |
Fortinet Additional Predictive Modules
Most predictive techniques to examine Fortinet price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fortinet using various technical indicators. When you analyze Fortinet charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Fortinet Predictive Indicators
The successful prediction of Fortinet stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Fortinet, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Fortinet based on analysis of Fortinet hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Fortinet's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Fortinet's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Inventory Turnover | 4.45 | 4.1 | 2.55 | 5.01 | ROIC | 0.36 | 1.32 | 2.09 | 2.2 |
Story Coverage note for Fortinet
The number of cover stories for Fortinet depends on current market conditions and Fortinet's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fortinet is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fortinet's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Fortinet Short Properties
Fortinet's future price predictability will typically decrease when Fortinet's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Fortinet often depends not only on the future outlook of the potential Fortinet's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Fortinet's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 788.2 M | |
| Cash And Short Term Investments | 2.4 B |
Additional Tools for Fortinet Stock Analysis
When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.