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 analyst gave a price target of 50, implying a possible profit of 23.95 percent. The most pessimistic analyst gave a price target of 33, implying potential capital losses of -18.2 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. 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. 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 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 that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of FTNT is 2.39.
FTNT has a 52-week high of 41.56 and a 52-week low of 28.51. The current market price is above the trailing year's low by 41.49 percent, and 2.94 percent lower than its 52-week 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.