U.S. markets open in 5 hours 41 minutes
  • S&P Futures

    3,685.25
    +31.00 (+0.85%)
     
  • Dow Futures

    29,478.00
    +193.00 (+0.66%)
     
  • Nasdaq Futures

    11,335.25
    +107.00 (+0.95%)
     
  • Russell 2000 Futures

    1,699.70
    +17.60 (+1.05%)
     
  • Crude Oil

    81.96
    +0.73 (+0.90%)
     
  • Gold

    1,679.00
    +10.40 (+0.62%)
     
  • Silver

    19.10
    +0.39 (+2.10%)
     
  • EUR/USD

    0.9825
    +0.0006 (+0.06%)
     
  • 10-Yr Bond

    3.7470
    0.0000 (0.00%)
     
  • Vix

    31.21
    +1.03 (+3.41%)
     
  • GBP/USD

    1.1153
    +0.0030 (+0.27%)
     
  • USD/JPY

    144.4070
    -0.0360 (-0.02%)
     
  • BTC-USD

    19,597.29
    +275.43 (+1.43%)
     
  • CMC Crypto 200

    447.82
    +1.84 (+0.41%)
     
  • FTSE 100

    6,933.38
    +51.79 (+0.75%)
     
  • Nikkei 225

    25,937.21
    -484.84 (-1.83%)
     

Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio

·2 min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Fortinet (FTNT)

Headquartered in Sunnyvale, CA, Fortinet, Inc. is a provider of network security appliances and Unified Threat Management (UTM) network security solutions to enterprises, service providers and government entities worldwide.

FTNT is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 27.5% year-over-year for the current fiscal year, with sales growth of 31%.

Six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $1.02 per share for 2022. FTNT boasts an average earnings surprise of 10.3%.

Fortinet is also cash rich. The company has generated cash flow growth of 50.4%, and is expected to report cash flow expansion of 24.2% in 2022.

Investors should take the time to consider FTNT for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Fortinet, Inc. (FTNT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research