NASDAQ:FTNT—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

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How We Gauge Growth for NASDAQ:FTNT

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NASDAQ:FTNT has received a 8 out of 10:

• FTNT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.31%, which is quite impressive.
• FTNT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.13% yearly.
• The Revenue has grown by 10.40% in the past year. This is quite good.
• Measured over the past years, FTNT shows a very strong growth in Revenue. The Revenue has been growing by 24.11% on average per year.
• FTNT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.86% yearly.
• Based on estimates for the next years, FTNT will show a quite strong growth in Revenue. The Revenue will grow by 13.94% on average per year.

A Closer Look at Health for NASDAQ:FTNT

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:FTNT has received a 6 out of 10:

• An Altman-Z score of 6.71 indicates that FTNT is not in any danger for bankruptcy at the moment.
• FTNT's Altman-Z score of 6.71 is fine compared to the rest of the industry. FTNT outperforms 71.33% of its industry peers.
• The Debt to FCF ratio of FTNT is 0.60, which is an excellent value as it means it would take FTNT, only 0.60 years of fcf income to pay off all of its debts.
• Looking at the Debt to FCF ratio, with a value of 0.60, FTNT is in the better half of the industry, outperforming 75.63% of the companies in the same industry.
• Although FTNT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.

Profitability Examination for NASDAQ:FTNT

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:FTNT, the assigned 9 is a significant indicator of profitability:

• FTNT's Return On Assets of 17.28% is amongst the best of the industry. FTNT outperforms 92.83% of its industry peers.
• FTNT has a Return On Equity of 168.47%. This is amongst the best in the industry. FTNT outperforms 99.64% of its industry peers.
• FTNT has a Return On Invested Capital of 25.60%. This is amongst the best in the industry. FTNT outperforms 96.06% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for FTNT is significantly above the industry average of 12.12%.
• The 3 year average ROIC (21.99%) for FTNT is below the current ROIC(25.60%), indicating increased profibility in the last year.
• With an excellent Profit Margin value of 26.79%, FTNT belongs to the best of the industry, outperforming 91.76% of the companies in the same industry.
• FTNT's Profit Margin has improved in the last couple of years.
• With an excellent Operating Margin value of 28.19%, FTNT belongs to the best of the industry, outperforming 94.27% of the companies in the same industry.
• In the last couple of years the Operating Margin of FTNT has grown nicely.
• The Gross Margin of FTNT (79.71%) is better than 78.14% of its industry peers.

How do we evaluate the setup for NASDAQ:FTNT?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:FTNT is 8:

FTNT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 93.05, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Check the latest full fundamental report of FTNT for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of FTNT

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.