By Mill Chart
Last update: Sep 28, 2023
Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether FORTINET INC (NASDAQ:FTNT) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but FORTINET INC has surfaced on our radar for growth with base formation, warranting further examination.
A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NASDAQ:FTNT has received a 8 out of 10:
To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NASDAQ:FTNT has earned a 8 out of 10:
ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:FTNT has earned a 9 out of 10:
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:FTNT has a 7 as its setup rating, indicating its current consolidation status.
FTNT has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
Our Strong Growth screener lists more Strong Growth stocks and is updated daily.
Our latest full fundamental report of FTNT contains the most current fundamental analsysis.
For an up to date full technical analysis you can check the technical report of FTNT
This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.
NASDAQ:FTNT (12/8/2023, 7:00:01 PM)After market: 51.9812 -0.18 (-0.34%)
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