The revised score means Fortinet currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Fortinet stock earns a 98 EPS Rating, which means its recent quarterly and annual earnings growth tops 98% of all stocks. The cybersecurity firm’s Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Last Thursday, Fortinet reported better-than-expected Q1 results and raised the full-year outlook. Revenue also surpassed consensus estimates. Fortinet stock rose 4.5% on Friday nearly matching the gains it made over the previous four weeks.
In Q1, Fortinet reported 35% earnings growth. Top line growth climbed 23%, up from 21% in the prior quarter. The company has now posted increasing growth in each of the last three reports.
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