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Shares of Fortinet Rank the Highest in Terms of Forward P/E Ratio in the Systems Software Industry (FTNT, CVLT, ALLT, RHT, CHKP)

By Nick Russo

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