(VIANEWS) – Fortinet (FTNT), Ares Capital (ARCC), Parker (PH) are the highest sales growth and return on equity stocks on this list.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option?
1. Fortinet (FTNT)
23% sales growth and 789.86% return on equity
Fortinet, Inc. provides cybersecurity and networking solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides centralized network logging, analyzing and reporting solutions. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
Earnings Per Share
As for profitability, Fortinet has a trailing twelve months EPS of $1.19.
PE Ratio
Fortinet has a trailing twelve months price to earnings ratio of 64.9. Meaning, the purchaser of the share is investing $64.9 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 789.86%.
Previous days news about Fortinet(FTNT)
- According to Zacks on Wednesday, 26 July, "Some better-ranked stocks from the broader technology sector are Salesforce (CRM Quick QuoteCRM – Free Report) , Fortinet (FTNT Quick QuoteFTNT – Free Report) and NVIDIA (NVDA Quick QuoteNVDA – Free Report) , each sporting a Zacks Rank #1 (Strong Buy). "
- According to Zacks on Wednesday, 26 July, "Some other top-ranked stocks from the broader technology sector are Salesforce (CRM Quick QuoteCRM – Free Report) , Fortinet (FTNT Quick QuoteFTNT – Free Report) and NVIDIA (NVDA Quick QuoteNVDA – Free Report) , each sporting a Zacks Rank #1 (Strong Buy). "
- According to Zacks on Wednesday, 26 July, "The high demand for Software as a Service or SaaS-based solutions due to the increasing need for remote working, learning and diagnosis software, as well as cybersecurity applications, has been a major driver for players like Meta Platforms (META Quick QuoteMETA – Free Report) , Fortinet (FTNT Quick QuoteFTNT – Free Report) and Palo Alto Networks (PANW Quick QuotePANW – Free Report) . ", "It is also benefiting from robust growth in Fortinet Security Fabric, cloud and Software-defined Wide Area Network offerings. "
- According to Zacks on Wednesday, 26 July, "Tyler Technologies (TYL Quick QuoteTYL – Free Report) , Airbnb (ABNB Quick QuoteABNB – Free Report) and Fortinet (FTNT Quick QuoteFTNT – Free Report) are some better-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). "
- According to Zacks on Wednesday, 26 July, "One other stock from the broader Zacks Computer and Technology sector, Fortinet (FTNT Quick QuoteFTNT – Free Report) , is yet to report results for the quarter ended June 2023. "
2. Ares Capital (ARCC)
22.7% sales growth and 6.87% return on equity
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
Earnings Per Share
As for profitability, Ares Capital has a trailing twelve months EPS of $1.64.
PE Ratio
Ares Capital has a trailing twelve months price to earnings ratio of 12.04. Meaning, the purchaser of the share is investing $12.04 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 6.87%.
Yearly Top and Bottom Value
Ares Capital’s stock is valued at $19.75 at 01:22 EST, below its 52-week high of $20.75 and way above its 52-week low of $16.53.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 23.9% and 16%, respectively.
Volume
Today’s last reported volume for Ares Capital is 7552180 which is 167.04% above its average volume of 2828110.
Previous days news about Ares Capital(ARCC)
- Ares capital (arcc) to report Q2 earnings: what's in store?. According to Zacks on Monday, 24 July, "According to our quantitative model, the chances of Ares Capital beating the Zacks Consensus Estimate this time are low. "
- Ares capital (arcc) dips despite Q2 earnings beat, costs rise. According to Zacks on Wednesday, 26 July, "Ares Capital Corporation price-consensus-eps-surprise-chart | Ares Capital Corporation Quote"
3. Parker (PH)
21.5% sales growth and 16.02% return on equity
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
Earnings Per Share
As for profitability, Parker has a trailing twelve months EPS of $11.58.
PE Ratio
Parker has a trailing twelve months price to earnings ratio of 34.11. Meaning, the purchaser of the share is investing $34.11 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 16.02%.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 6.2% and 9.7%, respectively.
Volume
Today’s last reported volume for Parker is 445807 which is 45.51% below its average volume of 818170.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Parker’s EBITDA is 49.72.
4. Arista Networks (ANET)
17.9% sales growth and 31.99% return on equity
Arista Networks, Inc. develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, telecommunication service providers, and others. It markets and sells its products through distributors, system integrators, value-added resellers, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was incorporated in 2004 and is headquartered in Santa Clara, California.
Earnings Per Share
As for profitability, Arista Networks has a trailing twelve months EPS of $4.75.
PE Ratio
Arista Networks has a trailing twelve months price to earnings ratio of 34.77. Meaning, the purchaser of the share is investing $34.77 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 31.99%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Arista Networks’s EBITDA is 95.85.
Sales Growth
Arista Networks’s sales growth is 30.8% for the ongoing quarter and 17.9% for the next.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 32.4% and 17.6%, respectively.
5. Powell Industries (POWL)
11.7% sales growth and 9.17% return on equity
Powell Industries, Inc., together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears. Its products have application in voltages ranging from 480 volts to 38,000 volts; and are used in oil and gas refining, onshore and offshore oil and gas production, petrochemical, liquid natural gas terminals, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets. It also provides value-added services, such as spare parts, field service inspection, installation, commissioning, modification and repair, retrofit and retrofill components for existing systems, and replacement circuit breakers for switchgear. The company has operations in the United States, Canada, the Middle East, Africa, Europe, Mexico, and Central and South America. Powell Industries, Inc. was founded in 1947 and is headquartered in Houston, Texas.
Earnings Per Share
As for profitability, Powell Industries has a trailing twelve months EPS of $2.29.
PE Ratio
Powell Industries has a trailing twelve months price to earnings ratio of 27.42. Meaning, the purchaser of the share is investing $27.42 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.17%.
6. K12 (LRN)
9% sales growth and 13.28% return on equity
K12 Inc., a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. The company offers managed public school programs, which offer an integrated package of systems, services, products, and professional services that K12 administers to support an online or blended public school, including administrative support, information technology and provisioning, academic support, curriculum, learning systems, and instructional services. It also provides institutional–non-managed public school programs, which offers instruction, curriculum, supplemental courses, marketing, enrollment, and other educational services; and institutional software and services, such as educational software and services to school districts, public schools, and other educational institutions. In addition, the company offers private pay schools and other services; and talent development services for individuals and enterprises in information technology fields. Further, it provides curriculum portfolios, pre-K and K-8 courses, high school courses, learning applications, and learning management systems; and TotalView, a student information system, which include a suite of online applications that offers administrators, teachers, parents, and students a view of student attendance, truancy management, graduation planning, communications, and learning kit shipment tracking. Additionally, the company provides a suite of services, such as academic support, and administrative and technology to students and their families, as well as directly to virtual and blended public schools, traditional schools, and school districts. It sells individual K-8 online courses and supplemental educational products directly to families. K12 Inc. was founded in 2000 and is headquartered in Herndon, Virginia.
Earnings Per Share
As for profitability, K12 has a trailing twelve months EPS of $2.64.
PE Ratio
K12 has a trailing twelve months price to earnings ratio of 14.02. Meaning, the purchaser of the share is investing $14.02 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 13.28%.
7. Kellogg Company (K)
8.6% sales growth and 19.15% return on equity
Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, Be Natural, LCMs, Coco Pops, Frosties, Krave, Rice Krispies Treats, Kashi Go, Crunchy Nut, Rice Krispies Squares, Incogmeato, Veggitizers, and Gardenburger brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. Kellogg Company was founded in 1906 and is headquartered in Battle Creek, Michigan.
Earnings Per Share
As for profitability, Kellogg Company has a trailing twelve months EPS of $2.42.
PE Ratio
Kellogg Company has a trailing twelve months price to earnings ratio of 27.95. Meaning, the purchaser of the share is investing $27.95 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 19.15%.
