Fortinet (FTNT) closed at $82.38 in the latest trading session, marking a -0.22% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.44%.Coming into today, shares of the network security company had gained 1.07% in the past month. In that same time, the Computer and Technology sector gained 4.56%, while the S&P 500 gained 2.91%.Wall Street will be looking for positivity from FTNT as it approaches its next earnings report date. The company is expected to report EPS of $0.39, up 18.18% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $471.57 million, up 18.19% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $2.08 billion. These totals would mark changes of +12.5% and +15.69%, respectively, from last year.Any recent changes to analyst estimates for FTNT should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FTNT currently has a Zacks Rank of #1 (Strong Buy).Investors should also note FTNT's current valuation metrics, including its Forward P/E ratio of 39.79. This represents a discount compared to its industry's average Forward P/E of 45.16.It is also worth noting that FTNT currently has a PEG ratio of 2.38. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. FTNT's industry had an average PEG ratio of 2.38 as of yesterday's close.The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report To read this article on Zacks.com click here.