Fortinet Inc (NASDAQ: FTNT) has reported earnings for its third fiscal quarter (ending September 30) of $0.41 versus $0.29 for the same period a year ago — an increase of 41%. This result exceeded the consensus estimate of $0.36 by $0.05. For the latest four quarters through September 30, E.P.S. were $1.47 versus $0.92 for the same period a year ago — an increase of 59%.
Recent Price Action
On 11/2/23, Fortinet Inc (NASDAQ: FTNT) stock rose modestly by 0.5%, closing at $57.59. Relative to the market the stock has been strong over the last nine months and has risen 2.9% 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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