NASDAQ:FTNT). The company’s stock received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s take a look at Fortinet’s outlook and value based on the most recent financial data to see if the opportunity still exists.” data-reactid=”28″>Today we’re going to take a look at the well-established Fortinet, Inc. (NASDAQ:FTNT). The company’s stock received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s take a look at Fortinet’s outlook and value based on the most recent financial data to see if the opportunity still exists.
Check out our latest analysis for Fortinet ” data-reactid=”29″>Check out our latest analysis for Fortinet
What is Fortinet worth?
Good news, investors! Fortinet is still a bargain right now. According to my valuation, the intrinsic value for the stock is $183.99, but it is currently trading at US$140 on the share market, meaning that there is still an opportunity to buy now. However, given that Fortinet’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
What does the future of Fortinet look like?
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company’s future expectations. Fortinet’s earnings over the next few years are expected to increase by 41%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
What this means for you:
1 warning sign for Fortinet and we think they deserve your attention.” data-reactid=”53″>In light of this, if you’d like to do more analysis on the company, it’s vital to be informed of the risks involved. At Simply Wall St, we found 1 warning sign for Fortinet and we think they deserve your attention.
50 other stocks with a high growth potential.” data-reactid=”54″>If you are no longer interested in Fortinet, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”55″>This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected].
