A Look Into Fortinet Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Fortinet Inc.'s (NASDAQ:FTNT) stock price is currently at $74.07, after a 0.32% drop. However, the stock has increased by 7.36% over the past month and by 18.15% over the past year. The company's P/E ratio of 61.92 is lower than the Software industry average of 113.54, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
July 06, 2023 | 4:21 pm
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Fortinet Inc.'s stock price has dropped by 0.32% to $74.07. However, the stock has increased by 7.36% over the past month and by 18.15% over the past year. The company's P/E ratio is lower than the industry average, which could suggest that the stock is undervalued or that shareholders do not expect future growth.
The company's stock price has dropped in the current session, but it has shown a positive trend over the past month and year. The lower P/E ratio could suggest that the stock is undervalued, which could attract investors, or it could indicate that shareholders do not expect the stock to perform better in the future, which could deter potential investors. Therefore, the impact on the stock price in the short term is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100