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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 Strategies

Fortinet, Inc. : The underlying trend is to the upside

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05/21/2020 | 07:08am EDT
long trade on a pullback
On stand-by
Entry price : 115$ | Target : 159$ | Stop-loss : 99.4$ | Cancellation Level : 157$ | Potential : 38.26%
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.
Fortinet, Inc. : Fortinet, Inc. : The underlying trend is to the upside
Summary
  • 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.

Strengths
  • 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

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.
  • 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.
Ratings chart
Subsector IT Services & Consulting - NEC
1st jan.Capitalisation (M$)Investor Rating
FORTINET, INC.30.39%22 501
ACCENTURE-4.25%128 437
INTERNATIONAL BUSINESS MACH..-6.82%110 898
TATA CONSULTANCY SERVICES-8.76%97 883
VMWARE, INC.2.95%65 497
AUTOMATIC DATA PROCESSING, ..-14.08%62 958
DASSAULT SYSTÈMES SE3.89%44 024
INFOSYS LIMITED-5.49%38 757
COGNIZANT TECHNOLOGY SOLUTI..-14.54%28 651
VERISIGN13.67%25 304
AMADEUS IT GROUP, S.A.-35.52%23 478
More Results

David Meurisse
© 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 2020 2 500 M - -
Net income 2020 370 M - -
Net cash 2020 1 685 M - -
P/E ratio 2020 61,5x
Yield 2020 -
Capitalization 22 501 M 22 501 M -
EV / Sales 2019
EV / Sales 2020 8,33x
Nbr of Employees 7 448
Free-Float 83,4%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 128,18 $
Last Close Price 139,20 $
Spread / Highest target 14,9%
Spread / Average Target -7,92%
Spread / Lowest Target -34,6%
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
Phil Quade Chief Information Security Officer
Christopher B. Paisley Independent Director