In comparison, Computer and Technology companies have returned an average of 15.5%.
This means that analyst sentiment is stronger and the stock's earnings outlook is improving.īased on the most recent data, FTNT has returned 25.2% so far this year. Over the past three months, the Zacks Consensus Estimate for FTNT's full-year earnings has moved 6% higher. Fortinet is currently sporting a Zacks Rank of #2 (Buy). This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Is Fortinet ( FTNT Quick Quote FTNT - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.įortinet is a member of our Computer and Technology group, which includes 646 different companies and currently sits at #5 in the Zacks Sector Rank. The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers.
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