We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Fortinet (FTNT) Outperforming Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Fortinet (FTNT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of FTNT and the rest of the Computer and Technology group's stocks.
Fortinet is a member of the Computer and Technology sector. This group includes 646 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. FTNT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FTNT's full-year earnings has moved 2.95% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FTNT has gained about 119.98% so far this year. In comparison, Computer and Technology companies have returned an average of 23.63%. This means that Fortinet is outperforming the sector as a whole this year.
Looking more specifically, FTNT belongs to the Security industry, a group that includes 10 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 41.54% so far this year, so FTNT is performing better this group in terms of year-to-date returns.
FTNT will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Fortinet (FTNT) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Fortinet (FTNT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of FTNT and the rest of the Computer and Technology group's stocks.
Fortinet is a member of the Computer and Technology sector. This group includes 646 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. FTNT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FTNT's full-year earnings has moved 2.95% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FTNT has gained about 119.98% so far this year. In comparison, Computer and Technology companies have returned an average of 23.63%. This means that Fortinet is outperforming the sector as a whole this year.
Looking more specifically, FTNT belongs to the Security industry, a group that includes 10 individual stocks and currently sits at #92 in the Zacks Industry Rank. Stocks in this group have gained about 41.54% so far this year, so FTNT is performing better this group in terms of year-to-date returns.
FTNT will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.