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.

Several price targets were given for FTNT by the analysts covering the stock. The maximum price target given was 50, which equates to a potential upside of 23.95 percent. The most pessimistic price target was 33, implying potential capital losses of -18.2 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 19.3 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.22 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 8.27 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

FTNT has an estimated earnings growth rate of 73.5 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. 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 will post this quarters earnings in days, on 0000-00-00.