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Why Fortinet (FTNT) Outpaced the Stock Market Today
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In the latest trading session, Fortinet (FTNT - Free Report) closed at $86.44, marking a +2.53% move from the previous day. This change outpaced the S&P 500's 0.29% gain on the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.89%.
Shares of the network security company have appreciated by 2.16% over the course of the past month, underperforming the Computer and Technology sector's gain of 19.22%, and the S&P 500's gain of 10.54%.
The upcoming earnings release of Fortinet will be of great interest to investors. The company's earnings report is expected on May 6, 2026. The company is expected to report EPS of $0.61, up 5.17% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 12.43% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.98 per share and a revenue of $7.6 billion, demonstrating changes of +7.97% and +11.74%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.55% higher within the past month. Right now, Fortinet possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Fortinet is currently being traded at a Forward P/E ratio of 28.26. This expresses a discount compared to the average Forward P/E of 32.46 of its industry.
It is also worth noting that FTNT currently has a PEG ratio of 2.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Security industry had an average PEG ratio of 2.22.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Why Fortinet (FTNT) Outpaced the Stock Market Today
In the latest trading session, Fortinet (FTNT - Free Report) closed at $86.44, marking a +2.53% move from the previous day. This change outpaced the S&P 500's 0.29% gain on the day. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.89%.
Shares of the network security company have appreciated by 2.16% over the course of the past month, underperforming the Computer and Technology sector's gain of 19.22%, and the S&P 500's gain of 10.54%.
The upcoming earnings release of Fortinet will be of great interest to investors. The company's earnings report is expected on May 6, 2026. The company is expected to report EPS of $0.61, up 5.17% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 12.43% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $2.98 per share and a revenue of $7.6 billion, demonstrating changes of +7.97% and +11.74%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.55% higher within the past month. Right now, Fortinet possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Fortinet is currently being traded at a Forward P/E ratio of 28.26. This expresses a discount compared to the average Forward P/E of 32.46 of its industry.
It is also worth noting that FTNT currently has a PEG ratio of 2.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Security industry had an average PEG ratio of 2.22.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.