Fortinet (FTNT) closed the most recent trading day at $97.81, moving +1.44% from the previous trading session.
Fortinet (FTNT) reachead $94.85 at the closing of the latest trading day, reflecting a +1.6% change compared to its last close.
Firewall and cybersecurity tools provider Fortinet is near an all-time high and buy point. Shares have rallied 60% this year.
Fortinet is a leading cybersecurity firm with strong fundamentals. The company will benefit from secular global market growth. Despite excellent performance and profitability, Fortinet's valuation appears slightly overvalued, suggesting potential investors should wait for better entry opportunities in the $50-$60 range. The competitive cybersecurity market and high valuation risks could impact Fortinet's future growth and returns, making it a HOLD for now.
Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Here, we have picked four stocks, FTNT, ZS, QLYS and OKTA, strategically positioned to ride the waves of a challenging security landscape in 2025.
Five interest software stocks have strong growth potential for 2025. These are: FTNT, TWLO, MNDY, TOST, OLO.
Shares of Fortinet (FTNT) have surged over 65% YTD, driven by strong revenue growth and breaking out to new all-time highs. I remain bullish on FTNT due to its undervaluation, robust cybersecurity solutions, and projected double-digit revenue growth amid the A.I. revolution. Despite risks like technological advancements and economic downturns, FTNT's profitability metrics and market positioning make it a compelling investment.
From chips to security to data analytics to computing power, FTNT, TSM, PLTR and NVDA form the complete AI ecosystem and are poised to dominate the tech landscape in 2025.
Fortinet, Inc. (NASDAQ:FTNT ) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:55 PM ET Company Participants Michael Xie - Founder, President and Chief Technology Officer Keith Jensen - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Saket Kalia All right. Well, hey, good afternoon, everyone.
In the closing of the recent trading day, Fortinet (FTNT) stood at $98.04, denoting a +0.94% change from the preceding trading day.
FTNT soars 65% year to date. The cloud platform launch and AI innovation make this cybersecurity leader a compelling buy for 2025.