5 Oversold Growth Stocks To Buy

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In this piece, we will take a look at the five oversold growth stocks to buy. If you want to check out our introduction to the stock market and growth investing, then head on over to 10 Oversold Growth Stocks To Buy.

5. Fortinet, Inc. (NASDAQ:FTNT)

Latest 14 Day RSI Reading: 21.01

Latest Trailing P/E Ratio: 48.11

Fortinet, Inc. (NASDAQ:FTNT) is a software company that enables firms to secure their digital properties, log and manage network reports, and protect networks from malicious actors. Despite being a technology firm, it has beaten analyst EPS estimates in all four of its latest quarters. However, the stock tanked by a massive 25% in August as it cut revenue guidance due to lower spending in the IT sector.

During Q1 2023, 45 of the 943 hedge funds part of Insider Monkey’s database had bought Fortinet, Inc. (NASDAQ:FTNT)’s shares. Andreas Halvorsen’s Viking Global is the largest investor out of these, through a $789 million stake.

Follow Fortinet Inc. (NASDAQ:FTNT)


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