Fortinet Stock Price Prediction

Intrinsic Valuation Low Real High 52.81 69.18 72.72 Details

Naive Forecast Low Next High 52.64 56.18 59.72 Details

32 Analysts Consensus Low Target High 62.00 74.62 95.00 Details

Earnings Estimates (13) Low Projected EPS High 0.29 0.30 0.32 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fortinet. Your research has to be compared to or analyzed against Fortinet's peers to derive any actionable benefits. When done correctly, Fortinet's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Fortinet.

Fortinet After-Hype Price Prediction Density Analysis

Fortinet Estimiated After-Hype Price Volatility

Fortinet Stock Price Prediction Analysis

Fortinet Hype Timeline

Fortinet is currently traded for 58.68. The entity has historical hype elasticity of 0.58 and average elasticity to hype of competition of 0.04. Fortinet is estimated to increase in value after the next headline with the price projected to jump to 59.26 or above. The average volatility of media hype impact on the company stock price is about 183.42%. The price appreciation on the next news is projected to be 0.99% whereas the daily expected return is currently at -0.3%. The volatility of related hype on Fortinet is about 2453.47% with expected price after next announcement by competition of 58.72. The company reported the previous year's revenue of 4.42 B. Net Income was 856.6 M with profit before overhead, payroll, taxes, and interest of 3.33 B. Given the investment horizon of 90 days the next estimated press release will be in about 12 days. Check out Fortinet Basic Forecasting Models to cross-verify your projections. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

Fortinet Related Hype Analysis

Fortinet Additional Predictive Modules

Most predictive techniques to examine Fortinet price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fortinet using various technical indicators. When you analyze Fortinet charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

The number of cover stories for Fortinet depends on current market conditions and Fortinet's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fortinet is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fortinet's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Fortinet's future price predictability will typically decrease when Fortinet's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Fortinet often depends not only on the future outlook of the potential Fortinet's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Fortinet's indicators that are reflective of the short sentiment are summarized in the table below.

Check out Fortinet Basic Forecasting Models to cross-verify your projections. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.

Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.