FORTINET ● 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.
Strengths
● The group's high margin levels account for strong profits.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● For the past twelve months, EPS forecast has been revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 44.94 USD
Weaknesses
● The stock is close to a major daily resistance at USD 54.68, which should be gotten rid of so as to gain new appreciation potential.
● The company's enterprise value to sales, at 4.34 times its current sales, is high.
● With an expected P/E ratio at 68.01 and 56.74 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.
