Fortinet(FTNT) ZACKS·2025-01-28 18:00Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: Fortinet (FTNT) - Fortinet currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][4]. - The stock has shown a price increase of 2.83% over the past week, outperforming the Zacks Internet - Software industry, which rose by 1.86% during the same period [6]. - Over the past quarter, Fortinet shares have increased by 22.74%, and over the last year, they have gained 45.63%, significantly outperforming the S&P 500's increases of 3.88% and 24.54%, respectively [7]. Trading Volume - Fortinet's average 20-day trading volume is 3,401,035 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, three earnings estimates for Fortinet have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from 2.24 [10]. - For the next fiscal year, six estimates have moved upwards with no downward revisions, indicating positive sentiment regarding future earnings [10]. Conclusion - Considering the positive momentum indicators and earnings outlook, Fortinet is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12].