Dallas, Texas 04/14/2014 (FINANCIALSTRENDS) – Fortinet Inc (NASDAQ:FTNT) following the tech stock fall-through has since receiving analyst coverage. The company has had a mixed coverage by analysts with many reporting revenue growth far outpacing the industrial coverage. Over the previous quarter, revenues of this company have outpaced the growth in the industrial average as well, which is at 11.45. In the same quarter, in the previous year, revenues had risen by 17.3%. The debt to equity ratio of zero for this company indicates it has no debt.
Fortinet Inc. willing to grow
Fortinet Inc (NASDAQ:FTNT)has a gross profit margin which is high and has been closing out at 72.20%. However, the one negative point is the drop in net income from the same quarter of the previous year. Gross profit margin has shown mixed results net profit in the gross profit margin. Net profit margin is 6.77% is identifiably lower over industry average.
The return on equity is much lower over other ROE from the previous quarter. Therefore, the company has begun to show weakness which may translate into long term weakness perhaps. Additionally, in the software industry as well as overall market the return on equity will be much lower on the industry average, which is the S&P 500.
Basis of net income
Fortinet Inc (NASDAQ:FTNT) holds a market capital of $3.33 billion. The profit to earnings ratio of this stock is 77.84 while EPS is 0.26. Outstanding shares that this company owns are 162.85 million. FTNT has a ratio of 1.51. This ability of this stock to convert in the higher range has been the success of this company.
Fortinet Inc (NASDAQ:FTNT) currently has a market price range of $20.26 and $21.54. The 52 week average ranges between $23.93 and $16.29. The Open shares the company owns are 21.26. Beta is 1.65.