Is Technical Outlook Good? Fortinet, Inc. (FTNT), Carrizo Oil & Gas, Inc. (CRZO)

9 analysts out of 30 Wall Street brokerage firms rate Fortinet, Inc. (NASDAQ:FTNT) as a Buy, while 3 see it as a Sell. The rest 18 describe it as a Hold. FTNT stock traded higher to an intra-day high of $77.315. At one point in session, its potential discontinued and the price was down to lows at $76.1057. Analysts have set FTNT’s consensus price at $92.08, effectively giving it a 20.19% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $105 (up 37.06% from current price levels). FTNT has a 37.4% ROE, higher than the 12.87% average for the industry. The average ROE for the sector is 14.64%.

It is expected that in Jun 2019 quarter FTNT will have an EPS of $0.3, suggesting a 30.43% growth. For Sep 2019 is projected at $0.32. It means that there could be a 14.29% growth in the quarter. Yearly earnings are expected to rise by 15.93% to about $1.31. As for the coming year, growth will be about 12.21%, lifting earnings to $1.47. RSI after the last trading period was 42.84. FTNT recorded a change of 4.1% over the past week and returned -9.21% over the last three months while the FTNT stock’s monthly performance revealed a shift in price of -5.65%. The year to date (YTD) performance stands at 8.77%, and the bi-yearly performance specified an activity trend of 2.92% while the shares have moved 19.5% for the past 12 months.

Fortinet, Inc. (FTNT) currently trades at $76.61, which is lower by -0.49% its previous price. It has a total of 170.23 million outstanding shares, with an ATR of around 2.18. The company’s stock volume dropped to 1.23 million, worse than 1.73 million that represents its 50-day average. A 5-day increase of about 4.1% in its price means FTNT is now 8.77% higher on year-to-date. The shares have surrendered $43202.39 since its $96.96 52-week high price recorded on 16th of April 2019. Overall, it has seen a growth rate of 19.5 over the last 12 months. The current price per share is $15.53 above the 52 week low of $61.08 set on 28th of June 2018.

Fortinet, Inc. (NASDAQ:FTNT)’s EPS was $0.46 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.33. That means that its growth in general now stands at 39%. Therefore, a prediction of $0.39 given by the analysts brought a positive surprise of 18%. FTNT March quarter revenue was $472.6 million, compared to $399 million recorded in same quarter last year, giving it a 18% growth rate. The company’s $73.6 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares appreciated 3.02% over the last trading period, taking overall 5-day performance up to -6.37%. CRZO’s price now at $9.55 is weaker than the 50-day average of $11.88. Getting the trading period increased to 200 days, the stock price was seen at $15.25 on average. The general public currently hold control of a total of 88.13 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 90.2 million. The company’s management holds a total of 4.2%, while institutional investors hold about 0% of the remaining shares. CRZO share price finished last trade -13.77% below its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -37.67%, while closing the session with -19.97% distance from 50 day simple moving average.

Carrizo Oil & Gas, Inc. (CRZO) shares were last observed trading -69.75% down since July 10, 2018 when the peak of $31.57 was hit. Last month’s price growth of -21.98% puts CRZO performance for the year now at -15.41%. Consequently, the shares price is trending higher by 3.47%, a 52-week worst price since Jun. 12, 2019. However, it is losing value with -33.73% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $9.03 and $9.29. The immediate resistance area is now $9.77 Williams’s %R (14) for CRZO moved to 85.78 while the stochastic %K points at 9.71.

CRZO’s beta is 2.25; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $5.54 per share from its yearly profit to its outstanding shares. Its last reported revenue is $233.04 million, which was 3% versus $225.28 million in the corresponding quarter last year. The EPS for Mar 19 quarter came in at $0.47 compared to $0.48 in the year-ago quarter and had represented -2% year-over-year earnings per share growth. CRZO’s ROA is 16.4%, higher than the 4.98% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 8.25%.

Estimated quarterly earnings for Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) are around $0.75 per share in three months through June with $0.83 also the estimate for September quarter of the fiscal year. It means the growth is estimated at -5.06% and -11.7%, respectively. Analysts estimate full-year growth to be 3.6%, the target being $2.88 a share. The upcoming year will see an increase in growth by percentage to 18.75%, more likely to see it hit the $3.42 per share. The firm’s current profit margin over the past 12 months is 47.3%. CRZO ranks higher in comparison to an average of 17.88% for industry peers; while the average for the sector is 65.19%.