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Fortinet (FTNT) Outperforms Broader Market: What You Need to Know
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In the latest close session, Fortinet (FTNT - Free Report) was up +2.15% at $87.09. The stock exceeded the S&P 500, which registered a gain of 1.05% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.64%.
Coming into today, shares of the network security company had gained 7.46% in the past month. In that same time, the Computer and Technology sector gained 12.58%, while the S&P 500 gained 8.59%.
The investment community will be closely monitoring the performance of Fortinet in its forthcoming earnings report. The company is scheduled to release its earnings on May 6, 2026. The company is expected to report EPS of $0.61, up 5.17% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.73 billion, showing a 12.43% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.98 per share and a revenue of $7.6 billion, representing changes of +7.97% and +11.74%, respectively, from the prior year.
Investors should also note any recent changes 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.58% rise in the Zacks Consensus EPS estimate. At present, Fortinet boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Fortinet is currently trading at a Forward P/E ratio of 28.58. Its industry sports an average Forward P/E of 34.68, so one might conclude that Fortinet is trading at a discount comparatively.
Investors should also note that FTNT has a PEG ratio of 2.58 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Security industry was having an average PEG ratio of 2.54.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Fortinet (FTNT) Outperforms Broader Market: What You Need to Know
In the latest close session, Fortinet (FTNT - Free Report) was up +2.15% at $87.09. The stock exceeded the S&P 500, which registered a gain of 1.05% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.64%.
Coming into today, shares of the network security company had gained 7.46% in the past month. In that same time, the Computer and Technology sector gained 12.58%, while the S&P 500 gained 8.59%.
The investment community will be closely monitoring the performance of Fortinet in its forthcoming earnings report. The company is scheduled to release its earnings on May 6, 2026. The company is expected to report EPS of $0.61, up 5.17% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.73 billion, showing a 12.43% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.98 per share and a revenue of $7.6 billion, representing changes of +7.97% and +11.74%, respectively, from the prior year.
Investors should also note any recent changes 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.58% rise in the Zacks Consensus EPS estimate. At present, Fortinet boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Fortinet is currently trading at a Forward P/E ratio of 28.58. Its industry sports an average Forward P/E of 34.68, so one might conclude that Fortinet is trading at a discount comparatively.
Investors should also note that FTNT has a PEG ratio of 2.58 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Security industry was having an average PEG ratio of 2.54.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.