Should you consider FORTINET INC (NASDAQ:FTNT) for quality investing?

In this article we will dive into FORTINET INC (NASDAQ:FTNT) as a possible candidate for quality investing. Investors should always do their own research, but we noticed FORTINET INC showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Highlighting Notable Quality Metrics of NASDAQ:FTNT.

• The 5-year revenue growth of FORTINET INC has been remarkable, with 24.11% increase. This showcases the company's strong performance in driving revenue growth and indicates its competitiveness within the market.
• With a notable ROIC excluding cash and goodwill at 135.0%, FORTINET INC demonstrates its commitment to generating sustainable returns for shareholders. This metric emphasizes the company's effective use of capital and its ability to deliver long-term value.
• FORTINET INC maintains a healthy Debt/Free Cash Flow Ratio of 0.6, indicating a strong financial position and prudent debt management. This ratio suggests the company has sufficient free cash flow to cover its debt obligations and highlights its ability to generate cash from operations.
• The Profit Quality (5-year) of FORTINET INC stands at 186.0%, highlighting its ability to consistently generate reliable profits. This metric underscores the company's strong business fundamentals and reinforces its position as a financially stable entity.
• FORTINET INC has experienced impressive EBIT growth over the past 5 years, with 39.87% increase. This reflects the company's effective operational performance and highlights its potential for long-term financial success.
• FORTINET INC has achieved impressive EBIT 5-year growth, surpassing its Revenue 5-year growth. This indicates the company's ability to improve its profitability and operational efficiency, highlighting its strong financial performance.

Zooming in on the fundamentals.

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

Taking everything into account, FTNT scores 7 out of 10 in our fundamental rating. FTNT was compared to 279 industry peers in the Software industry. While FTNT belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FTNT is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make FTNT suitable for growth investing!

For an up to date full fundamental analysis you can check the fundamental report of FTNT

Our Caviar Cruise screen will find you more ideas suited for quality investing.

Keep in mind

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.