Fortinet, Inc. (NASDAQ:FTNT) most recently reported quarterly actual earnings per share of $0.03 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.02. The difference between the estimate and the actual EPS was $0.01 creating a surprise factor of 50%. Currently, the company has an impact score of 82. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of -0.04. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $40.066 on the shares. The most bullish brokerage firm has a $50 target, while the most bearish sees the stock headed towards $30. This is according to the 15 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.84. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 15 recommendations taking into account in order to arrive at this number. Of the 15, 10 have a Strong Buy rating and 2 are rating it a Buy.
Fortinet, Inc. (Fortinet) provides network security solutions. Through the Company’s products and subscription services, Fortinet provides integrated and protection against security threats for enterprises, service providers and governmental entities worldwide. Its flagship Unified Threat Management (UTM) solution consists of its FortiGate physical and virtual appliance products that provide a range of security and networking functions, including firewall, virtual private networking (VPN), application control, antivirus, intrusion prevention, Web filtering, vulnerability management, antispam, wireless controller, and wide area network (WAN) acceleration. On December 7, 2012, the Company completed the acquisition of XDN, Inc. (XDN), a privately held company that provides cloud-based content delivery solutions. On March 8, 2012, the Company completed the acquisition of IntruGuard Devices, Inc. (IntruGuard), a supplier of Intelligent Availability Protection Systems.
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