Fortinet, Zoom Communications and Twilio have been highlighted in this Industry Outlook article.
The Zacks Internet software industry participants like FTNT, ZM and TWLO are benefiting from high demand for SaaS due to the increasing need for hybrid working, learning and diagnosis software, as well as cybersecurity applications.
Cybersecurity threats continue to rise, and companies across sectors anticipate increasing spending on defense measures to prevent or lessen the damage caused by these attacks in the future. According to a recent survey of more than 1,000 executives across industries by Deloitte, 57% of respondents expect their companies to boost cybersecurity spending over the coming 1-2 years.
Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Here is how Fortinet (FTNT) and Innovid Corp. (CTV) have performed compared to their sector so far this year.
On November 7, Fortinet reported third-quarter revenue of $1.51 billion, up 13%, topping the consensus estimate of $1.48 billion. Product revenue was up 1.7% to $473.9 million.
Fortinet, Inc. (NASDAQ:FTNT ) Needham Security, Networking, & Communications Conference November 19, 2024 9:30 AM ET Company Participants Keith Jensen - CFO John Whittle - COO Christiane Ohlgart - Chief Accounting Officer Conference Call Participants Matt Dezort - Needham Matt Dezort Good morning. And welcome, everyone, to Needham Tech Week.
At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets. The post Fortinet Lays Out Medium Term Financial Targets, Expects Firewall Rebound appeared first on Investor's Business Daily.
Fortinet Stock Analysis: Buy, Sell, or Hold?
Investors have seen this cybersecurity stock deliver outstanding earnings growth in recent quarters.
Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.