Fortinet, Inc. (NASDAQ:FTNT) has obtained a mean price target of $40.2600 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $0.2800 a share for the near-term quarter and $0.7000 for this year.
The technical analysis of Fortinet, Inc. clearly shows that the moving average of 50-days of Fortinet, Inc. (NASDAQ:FTNT) stock is $33.9717, and is trading $0.9082 points away or +2.6734% from its 50-day moving average of $33.9717. Further it is trading $3.5808 or +11.4406% away its 200-day moving average of $31.2991.
The 52-week high of Fortinet, Inc. (NASDAQ:FTNT) was $46.5000 while $23.1600 is the low in the same period. This state Fortinet, Inc. shares price has to travel more than $-11.6201 to register a new high of 52-weeks or drop +50.6041% to touch a new 52-week low point. MA here stands for moving average.
Taking the valuation aspect to reach the estimation of Fortinet, Inc., investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Fortinet, Inc. (NASDAQ:FTNT) ratio came in at 942.7000, which was derived by dividing current price of stock by yearly earnings. Fortinet, Inc. stock recorded a close of $34.8799 in last trading session, reaching a market cap of $6.02B.
Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Fortinet, Inc. (NASDAQ:FTNT) PEG ratio is at 2.3400.
1 Chart Pattern Every Investor Should Know