Fortinet Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 31 out of 472 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 106.47.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Fortinet Inc is 8.45, ranking 64 out of 472 in the Software & IT Services industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 1.85B, representing a year-over-year increase of 20.13%, while its net profit experienced a year-over-year increase of 23.33%.
Key Metrics
The current valuation score of Fortinet Inc is 6.94, ranking 325 out of 472 in the Software & IT Services industry. Its current P/E ratio is 43.72, which is 39.94% below the recent high of 61.18 and 32.81% above the recent low of 29.38.
The current earnings forecast score of Fortinet Inc is 6.49, ranking 360 out of 472 in the Software & IT Services industry. The average price target is 86.00, with a high of 120.00 and a low of 66.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Fortinet Inc is 9.76, ranking 7 out of 472 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 127.75 and the support level at 88.70, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Fortinet Inc is 7.00, ranking 140 out of 472 in the Software & IT Services industry. The latest institutional shareholding proportion is 71.89%, representing a quarter-over-quarter decrease of 1.03%. The largest institutional shareholder is Invesco, holding a total of 9.76M shares, representing 1.33% of shares outstanding, with 35.20% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Fortinet Inc is 8.07, ranking 48 out of 472 in the Software & IT Services industry. The company's beta value is 0.92. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
