By Mill Chart
Last update: Apr 11, 2024
Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if FORTINET INC (NASDAQ:FTNT) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted FORTINET INC showing up in our growth with base formation screen, so it may be worth spending some more time on it.
ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:FTNT scores a 8 out of 10:
ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:FTNT has earned a 6 out of 10:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:FTNT, the assigned 8 is noteworthy for profitability:
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 8 as its setup rating, indicating its current consolidation status.
FTNT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 67.12, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Check the latest full fundamental report of FTNT for a complete fundamental analysis.
Our latest full technical report of FTNT contains the most current technical analsysis.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
103.16
-0.46 (-0.44%)
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FORTINET INC (FTNT) is a strong growth stock with solid fundamentals and a bullish technical setup, making it a candidate for further upside potential.
FORTINET INC (NASDAQ:FTNT) is a high-quality cybersecurity stock with strong revenue growth, exceptional ROIC, and robust cash flow generation, making it a candidate for long-term investors.
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