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.
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.
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
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.
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