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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Fortinet, Inc.    FTNT

FORTINET, INC.

(FTNT)
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Fortinet, Inc. : Buyers are coming back

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01/14/2020 | 08:48am EST
long trade on a pullback
On stand-by
Entry price : 112$ | Target : 122$ | Stop-loss : 109.53$ | Cancellation Level : 120$ | Potential : 8.93%
Fortinet, Inc. shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains.
Investors should buy the stock at current prices near $ 112 in order to target the $ 122.
Fortinet, Inc. : Fortinet, Inc. : Buyers are coming back
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.
  • Fortinet, Inc. accounts for 5.46 % of our USA Portfolio. A trade is currently open since 06/05/2019 with a purchase price of $ 71.97. Discover the other 19 stocks of the USA portfolio managed by the MarketScreener portfolio management team.

Strengths
  • According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
  • The company returns high margins, thereby supporting business profitability.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • The group usually releases upbeat results with huge surprise rates.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • The stock is in a well-established, long-term rising trend above the technical support level at 93.02 USD

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The company's "enterprise value to sales" ratio is among the highest in the world.
  • The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 67.86 times its estimated earnings per share for the ongoing year.
  • The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
Ratings chart
Subsector IT Services & Consulting - NEC
1st jan.Capitalisation (M$)Investor Rating
FORTINET, INC.10.05%20 095
ACCENTURE-0.65%132 841
INTERNATIONAL BUSINESS MACH..3.19%122 493
TATA CONSULTANCY SERVICES2.66%114 635
AUTOMATIC DATA PROCESSING, ..3.74%76 531
VMWARE, INC.-0.28%62 044
INFOSYS LIMITED5.02%45 862
DASSAULT SYSTÈMES SE7.71%45 481
AMADEUS IT GROUP, S.A.7.25%37 298
COGNIZANT TECHNOLOGY SOLUTI..1.21%34 371
VERISIGN11.07%25 126
More Results

Patrick Rejaunier
© MarketScreener.com 2020
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 2 145 M
EBIT 2019 520 M
Net income 2019 308 M
Finance 2019 2 083 M
Yield 2019 -
P/E ratio 2019 68,3x
P/E ratio 2020 63,9x
EV / Sales2019 8,40x
EV / Sales2020 7,07x
Capitalization 20 095 M
Upcoming event on FORTINET, INC.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 110,93  $
Last Close Price 117,49  $
Spread / Highest target 10,6%
Spread / Average Target -5,58%
Spread / Lowest Target -30,2%
EPS Revisions
Managers
NameTitle
Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Keith Franklin Jensen CFO, Chief Accounting Officer & Controller
Christopher B. Paisley Lead Independent Director
William H. Neukom Lead Independent Director