Fortinet Inc (NASDAQ: FTNT) has reported earnings for its third fiscal quarter (ending September 30) of $0.71 versus $0.41 for the same period a year ago — an increase of 73%. For the latest four quarters through September 30, E.P.S. were $2.01 versus $1.47 for the same period a year ago — an increase of 37%.
Recent Price Action
Fortinet Inc (NASDAQ: FTNT) stock closed at $83.68 on 11/7/24 after a large increase of 3.5%. Moreover, unusually high trading volume at 151% of normal accompanied the advance. The stock has risen 6.3% during the last week and has been strong relative to 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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