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Is Fortinet (FTNT) a Solid Growth Stock? 3 Reasons to Think "Yes"
FTNTFortinet(FTNT) ZACKS·2024-11-29 18:51

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Fortinet (FTNT) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [2][12]. Earnings Growth - Fortinet has a historical EPS growth rate of 42%, with projected EPS growth of 33.6% for the current year, surpassing the industry average of 30.1% [5][4]. Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 34.6%, significantly higher than the industry average of -14.4% [6]. Over the past 3-5 years, Fortinet's annualized cash flow growth rate has been 34.5%, compared to the industry average of 15.2% [7]. Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Fortinet, with the Zacks Consensus Estimate for the current year increasing by 7.8% over the past month [9][10]. This trend supports the stock's Zacks Rank of 1 (Strong Buy) [10].