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Fortinet was upgraded to the Zacks Rank #1 list on February 1, 2025. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Headquartered in Sunnyvale, CA, Fortinet, Inc. is a provider of network security appliances and Unified Threat Management (UTM) network security solutions to enterprises, service providers and government entities worldwide.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $2.24 per share. FTNT also boasts an average earnings surprise of 23.6%.
Analysts are expecting earnings to grow 37.4% for the current fiscal year, with revenue forecasted to rise 11%.
Even more impressive, FTNT has gained in value over the past four weeks, up 3.5% compared to the S&P 500's gain of 2.7%.
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Fortinet could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Fortinet, Inc. (FTNT) : Free Stock Analysis Report
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