Shares of Fortinet Rank the Highest in Terms of Forward P/E Ratio in the Systems Software Industry (FTNT, CVLT, ALLT, RHT, CHKP)
Below are the three companies in the Systems Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.
Fortinet ranks highest with a a forward P/E ratio of 50.00. Following is CommVault Systems with a a forward P/E ratio of 41.90. Allot Communications ranks third highest with a a forward P/E ratio of 39.45.
Red Hat follows with a a forward P/E ratio of 35.89, and Check Point Software Technologies rounds out the top five with a a forward P/E ratio of 18.54.
SmarTrend recommended that subscribers consider buying shares of Fortinet on February 25th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $27.58. Since that recommendation, shares of Fortinet have risen 23.1%. We continue to monitor Fortinet for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest forward p/e ratio fortinet commvault systems allot communications red hat check point software technologies