Fortinet, Inc. Eyes Major Growth with AI-Driven Cybersecurity and Upcoming Product Refresh
| FTNT Stock | USD 93.12 0.35 0.38% |
Slightly above 57% of Fortinet's investor base is looking to short. The analysis of the overall prospects from investing in Fortinet suggests that many traders are, at the present time, alarmed. Fortinet's investing sentiment can be driven by a variety of factors including economic data, Fortinet's earnings reports, geopolitical events, and overall market trends.
Fortinet |
We recently published a list of 14 AI Stocks to Watch According to Latest News and Ratings. In this article, we are going to take a look at where Fortinet, Inc. stands against other AI stocks to watch according to latest news and ratings. Artificial intelligence businesses have taken Wall Street by storm in
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Fortinet Current Investor Sentiment
Panic Vs Confidence
43
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Fortinet's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Fortinet.
News SentimentBullish | Hype SentimentNeutral | Insider SentimentDisposing |
Fortinet Historical Investor Sentiment
Investor biases related to Fortinet's public news can be used to forecast risks associated with an investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Fortinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortinet and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Fortinet news discussions. The higher the estimate score, the more favorable the investor's outlook on Fortinet.
Fortinet Fundamental Analysis
We analyze Fortinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortinet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Fortinet is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Fortinet Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fortinet stock to make a market-neutral strategy. Peer analysis of Fortinet could also be used in its relative valuation, which is a method of valuing Fortinet by comparing valuation metrics with similar companies.
Peers
Fortinet Related Equities
| MDB | MongoDB | 2.66 | ||||
| PATH | Uipath | 1.83 | ||||
| ADBE | Adobe Systems | 1.28 | ||||
| PANW | Palo Alto | 0.79 | ||||
| PLTR | Palantir Technologies | 0.47 | ||||
| OKTA | Okta | 0.09 | ||||
| ZS | Zscaler | 0.26 | ||||
| NET | Cloudflare | 0.48 | ||||
| CRWD | Crowdstrike Holdings | 2.30 |
Additional Tools for Fortinet Stock Analysis
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.