Stock To Watch: Fortinet, Inc. (NASDAQ:FTNT)


The leading market experts have placed a mean price target of $40.26 on Fortinet, Inc. (NASDAQ:FTNT) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.28 a share for the upcoming quarter and $0.70 for the current fiscal.

Technical View

The technical analysis of Fortinet, Inc. plainly substantiates that the 50-day moving average of Fortinet, Inc. is $34.52, and stock is trading $1.25 points away or +3.62% from its 50-day moving average of $34.52. Further it is trading $4.08 or +12.88% away its 200-day moving average of $31.69. Fortinet, Inc. (NASDAQ:FTNT) 52-week high is $46.50 and the 52-week low is $23.16.

This explains if the stock moves $-10.73, it will post a 52-week high. In event of +54.45% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Fortinet, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Fortinet, Inc. (NASDAQ:FTNT) ratio came in at 966.76.

The stock last ended the trading session at $35.77 and registered a market cap of $6.18B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Fortinet, Inc. (NASDAQ:FTNT) PEG ratio is at 2.38.

1 Chart Pattern Every Investor Should Know

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