Fortinet Inc (NASDAQ: FTNT) has reported E.P.S. of $0.39 for its first fiscal quarter (ending March 31) versus $0.32 for the same period a year ago — an increase of 22%. Relative to the consensus estimate of $0.42, this was a shortfall of $-0.03. E.P.S. were $1.55 for the latest four quarters through March 31 versus $1.23 for the same period a year ago — an increase of 26%.
Recent Price Action
On 5/2/24, Fortinet Inc (NASDAQ: FTNT) stock enjoyed a large increase of 2.6%, closing at $65.20. Moreover, this advance was accompanied by unusually high trading volume at 177% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
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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