Fortinet saw its IBD SmartSelect Composite Rating rise to 97 Friday, up from 94 the day before.
The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria.
Fortinet is now out of buy range after clearing the 73.91 buy point in a cup with handle.
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The stock has a 99 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company reported 54% earnings-per-share growth. That marks three straight reports with rising EPS gains. Revenue growth increased 13%, up from 11% in the prior quarter. The company has now posted rising growth in each of the last two quarters.
Fortinet holds the No. 1 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings and OneSpan are also among the group's highest-rated stocks.
