By Mill Chart
Last update: Apr 24, 2025
In this article, we'll take a closer look at FORTINET INC (NASDAQ:FTNT) as a potential candidate for growth investing. While it's important for investors to conduct their own research, FORTINET INC has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. FTNT boasts 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. FTNT has earned a 8 out of 10:
Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, FTNT has achieved a 9:
The Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For FTNT this score is currently 7:
FTNT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 100.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.63, a Stop Loss order could be placed below this zone.
More Strong Growth stocks can be found in our Strong Growth screener.
Check the latest full fundamental report of FTNT for a complete fundamental analysis.
For an up to date full technical analysis you can check the technical report of FTNT
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
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+3.01 (+2.95%)
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Based on a technical and fundamental analysis of NASDAQ:FTNT we ask: Why FORTINET INC (NASDAQ:FTNT) Is a Promising High-Growth Stock in the Midst of Consolidation.