Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $41.19 on Fortinet, Inc. (NASDAQ:FTNT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.70 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Fortinet, Inc. (NASDAQ:FTNT) stands at 1852.22. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Fortinet, Inc., the PEG ratio for coming 3-5 years is 2.25. Technical Analysis The technical analysis highlights that Fortinet, Inc. current price is trading $-0.09 points away -0.26% from $33.43, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $30.30 and, for now, the stock price is trading $3.04 or +10.04% away from that point. The 52-week high of Fortinet, Inc. (NASDAQ:FTNT) was $50.31 while lowest point recorded in 52-week was $23.16. It implies if stock price makes a movement of over $-16.97, it will record a new 52-week high. In the case of $+43.96% points drop, it will touch a new 52-week low.
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