TMCnet News
CommVault Systems has the Highest Forward P/E Ratio in the Systems Software Industry (CVLT, FIRE, PVSW, RHT, FTNT)May 15, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Systems Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.CommVault Systems ranks highest with a a forward P/E ratio of 47.49. Following is Sourcefire with a a forward P/E ratio of 46.07. Pervasive Software ranks third highest with a a forward P/E ratio of 43.81. Red Hat follows with a a forward P/E ratio of 38.37, and Fortinet rounds out the top five with a a forward P/E ratio of 25.22. SmarTrend is tracking the current trend status for Fortinet and will alert subscribers who have FTNT in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |