Buzzing Stock: Fortinet, Inc. (NASDAQ:FTNT)


As per the research groups listed in Thomson Reuters survey, Fortinet, Inc. (NASDAQ:FTNT), the stock can touch mean price target of $41.190 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.180 per share in looming quarter and $0.700 during current fiscal. Technical Forecast While evaluating Fortinet, Inc. on the technical side, it is seen that the firm’s shares price is at $-3.481, which is -10.386% off 50-day MA of $33.516. The stock is $-0.131, which is -0.434% off $30.166, which is 200-day MA of Fortinet, Inc.. MA here stands for moving average. Fortinet, Inc. (NASDAQ:FTNT) stock made a high of $50.310 in last 12-months while the lowest level in same period was $23.160. It entails if stock price makes a movement of over $-20.275, it will make a new 52-week high. In the case of $+29.685% points decline, it will touch a new 52-week low. Valuation Level The valuation of Fortinet, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Fortinet, Inc. (NASDAQ:FTNT) P/E ratio is 1668.611. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Fortinet, Inc. it stands at 2.020.

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