Fortinet (FTNT) Rises As Market Takes a Dip: Key Facts

Zacks12-20 06:50

Fortinet (FTNT) closed the most recent trading day at $94.85, moving +1.6% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.09% for the day. Meanwhile, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492794434?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/YliGu3uiWo7T6YkWQuaEpA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/62d8c8e05376a18ba1420a1733ffdda4","is_english":true,"pubTime":"2024-12-20 06:50","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492794434","market":"us","top_or_hot":-1,"title":"Fortinet (FTNT) Rises As Market Takes a Dip: Key Facts","media":"Zacks","content":"<div>\n<p>Fortinet (FTNT) closed the most recent trading day at $94.85, moving +1.6% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.09% for the day. Meanwhile, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fortinet-ftnt-rises-market-takes-225021213.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fortinet (FTNT) Rises As Market Takes a Dip: Key Facts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFortinet (FTNT) Rises As Market Takes a Dip: Key Facts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 06:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fortinet-ftnt-rises-market-takes-225021213.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fortinet (FTNT) closed the most recent trading day at $94.85, moving +1.6% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.09% for the day. Meanwhile, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fortinet-ftnt-rises-market-takes-225021213.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1917777945.USD","symbol_name":"安联专题基金Cl AT Acc","start_time":0,"source_url":"https://finance.yahoo.com/news/fortinet-ftnt-rises-market-takes-225021213.html","article_id":"2492794434","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/YliGu3uiWo7T6YkWQuaEpA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/62d8c8e05376a18ba1420a1733ffdda4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492794434","pubTimestamp":1734648621,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Fortinet  closed the most recent trading day at $94.85, moving +1.6% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.09% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.1%.Coming into today, shares of the network security company had gained 0.98% in the past month. In that same time, the Computer and Technology sector gained 3.04%, while the S&P 500 lost 0.29%.The investment community will be paying close attention to the earnings performance of Fortinet in its upcoming release. On that day, Fortinet is projected to report earnings of $0.60 per share, which would represent year-over-year growth of 17.65%. In the meantime, our current consensus estimate forecasts the revenue to be $1.59 billion, indicating a 12.61% growth compared to the corresponding quarter of the prior year.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zack","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1917777945.USD":"安联专题基金Cl AT Acc","BK4585":"ETF&股票定投概念","BK4097":"系统软件","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","BK4560":"网络安全概念","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4588":"碎股","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4532":"文艺复兴科技持仓","FTNT":"飞塔信息","LU0079474960.USD":"联博美国增长基金A","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC"},"translate_title":"Fortinet(FTNT)随着市场下跌而上涨：关键事实","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTNT":1},"content_text":"Fortinet (FTNT) closed the most recent trading day at $94.85, moving +1.6% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.09% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.1%.\nComing into today, shares of the network security company had gained 0.98% in the past month. In that same time, the Computer and Technology sector gained 3.04%, while the S&P 500 lost 0.29%.\nThe investment community will be paying close attention to the earnings performance of Fortinet in its upcoming release. On that day, Fortinet is projected to report earnings of $0.60 per share, which would represent year-over-year growth of 17.65%. In the meantime, our current consensus estimate forecasts the revenue to be $1.59 billion, indicating a 12.61% growth compared to the corresponding quarter of the prior year.\nIn terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.23 per share and a revenue of $5.89 billion, indicating changes of +36.81% and +11.02%, respectively, from the former year.\nIt's also important for investors to be aware of any recent modifications to analyst estimates for Fortinet. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.\nOur research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.\nRanging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.44% upward. Fortinet currently has a Zacks Rank of #1 (Strong Buy).\nIn the context of valuation, Fortinet is at present trading with a Forward P/E ratio of 41.9. Its industry sports an average Forward P/E of 32.61, so one might conclude that Fortinet is trading at a premium comparatively.\nWe can additionally observe that FTNT currently boasts a PEG ratio of 2.29. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 2.29 as of yesterday's close.\nThe Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.\nThe Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.\nKeep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFortinet, Inc. (FTNT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492794434"}