Fortinet (FTNT) ended the recent trading session at $80.02, demonstrating a +2.01% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.34%. Meanwhile, the Dow lost 0.94%, and the Nasdaq, a tech-heavy index, added 0.16%.
The network security company's stock has dropped by 6.06% in the past month, falling short of the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19%.
Investors will be eagerly watching for the performance of Fortinet in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 5, 2026. The company is predicted to post an EPS of $0.74, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.86 billion, reflecting a 11.92% rise from the equivalent quarter last year.
FTNT's full-year Zacks Consensus Estimates are calling for earnings of $2.69 per share and revenue of $6.75 billion. These results would represent year-over-year changes of +13.5% and 0%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.25% fall in the Zacks Consensus EPS estimate. Fortinet is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Fortinet is currently exchanging hands at a Forward P/E ratio of 27.17. This denotes a discount relative to the industry average Forward P/E of 53.45.
We can additionally observe that FTNT currently boasts a PEG ratio of 2.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. FTNT's industry had an average PEG ratio of 2.75 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Fortinet, Inc. (FTNT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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