Fortinet Inc (NASDAQ: FTNT) has reported E.P.S. of $0.50 for its second fiscal quarter (ending June 30) versus $0.34 for the same period a year ago — an increase of 47%. Relative to the consensus estimate of $0.41, this was a premium of $0.09. For the latest four quarters through June 30, E.P.S. were $1.71 compared to $1.35 a year ago — an increase of 27%.
Recent Price Action
Fortinet Inc (NASDAQ: FTNT) stock closed at $55.81 on 8/6/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was unusually high at 168% of normal. The stock has declined -2.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FTNT’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Fortinet is currently unrated.
Rating Review
The stock is currently unrated.
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