Analyst Ratings for Fortinet Inc. (FTNT)

Updated: 2017-07-26

Fortinet Inc. (NASDAQ:FTNT) was awarded an average rating of Overweight from investment analysts following the stock. FTNT had previously received a consensus rating of Overweight a month ago.

Of the 29 analysts covering the stock, 18 gave it a buy rating, 2 issued an overweight rating, 9 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for FTNT. The most optimistic analyst gave a price target of 50, implying a possible profit of 23.95 percent. The lowest price target was 33, which equates to a potential downside of -18.2 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 19.3 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.22 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 8.27 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of FTNT to grow at a rate of 73.5 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of FTNT is 2.39.

In the last 52-weeks, FTNT has achieved a high of 41.56 and a low of 28.51. The current market price is above the trailing year's low by 41.49 percent, and 2.94 percent below the high. FTNT has a P/E ratio of 175.7. Investors typically compare the P/E ratio to a company's peers in the industry. The FTNT value stock report compares FTNT to some of its peers using value stock charts. The market cap of FTNT is $7.16 billion. FTNT's next earnings release will be on 0000-00-00, which is days away.