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.

FTNT was given price targets by several analysts. The most optimistic price target was 50, implying potential capital gains of 23.95 percent. The most pessimistic price target was 33, implying potential capital losses of -18.2 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 19.3 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1.22 percent. If we look at the last 90 days instead, we find a net average change of 8.27 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

Analysts estimate earnings of FTNT to grow at a rate of 73.5 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. FTNT has a PEG ratio of 2.39.

In the last 52-weeks, FTNT has achieved a high of 41.56 and a low of 28.51. Currently the stock is 41.49 percent higher than its low, and below the high by 2.94 percent. 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 stock has a market capitalization of $7.16 billion. FTNT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.