The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend. Investors should buy the stock at current prices near $ 115 in order to target the $ 159.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Fortinet, Inc. accounts for 6.03 % 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 group's high margin levels account for strong profits.
Thanks to a sound financial situation, the firm has significant leeway for investment.
The group usually releases upbeat results with huge surprise rates.
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 past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
The stock is in a well-established, long-term rising trend above the technical support level at 103.27 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.
With an expected P/E ratio at 64.76 and 59.77 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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