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 most optimistic price target was 50, implying potential capital gains of 23.95 percent. The most pessimistic analyst gave a price target of 33, implying a possible loss 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. 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. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

FTNT has an estimated earnings growth rate of 73.5 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, 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. Today's price is 41.49 percent above the 52-week low, and 2.94 percent lower than its 52-week high. FTNT has a price/earnings 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.