New and experienced investors alike share the same goals: to take full advantage of stock markets and invest with confidence.
Zacks Style scores make it easy to reach those goals. This unique set of guidelines rates stocks using popular investing methodologies such as value, growth, momentum and other factors. The Style Scores are a way to narrow down the stocks that will work best in your portfolio, and which stocks can beat it over the long-term.
This 1 Growth Stock is worth keeping on your watchlist
Growth investors create their portfolios around financially strong companies with a bright future. The Growth Style Score takes historical and projected earnings, sales and cash flow into consideration to identify stocks that will experience long-term, sustainable growth.
Fortinet, Inc., based in Sunnyvale, CA, is a provider network security appliances and Unified Threat Management, (UTM), network security solutions for enterprises, service providers, and government agencies worldwide.
FTNT has a Zacks Rank 2 (Buy), a Growth Style Score A, and a VGM score of B. Forecasts for earnings and sales growth are 43.8% and 32.5% respectively year-overyear.
In the past 60 days, 14 analysts have revised their earnings estimates upwards for fiscal 2022. The Zacks Consensus Estimate for fiscal 2022 has increased $0.10 to $1.15 each share. FTNT has an average earnings surprise rate of 14.6%.
Cash flow analysis shows that Fortinet will report a cash flow growth rate of 24.2% in 2019. FTNT, on the other hand, has seen cash flow growth rates of 50.4% for the past three to five year.
FTNT should be on investors’ short lists due to its strong growth fundamentals and a high Zacks Rank.
Get the latest Zacks Investment Research recommendations. Download 7 Best Stocks in the Next 30 Days Today Click to get this free report