Fortinet's unified SASE strategy fuels growth, but premium valuation and fierce competition keep the stock in hold territory.
Fortinet (FTNT) concluded the recent trading session at $104.44, signifying a +1.25% move from its prior day's close.
Fortinet (FTNT) concluded the recent trading session at $100.84, signifying a -1.98% move from its prior day's close.
Fortinet (FTNT) reached $101.95 at the closing of the latest trading day, reflecting a +1.11% change compared to its last close.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
FTNT leans into FortiGuard AI to drive growth, as services now make up 70% of revenues and power key product innovations.
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?
Fortinet, Inc. (NASDAQ:FTNT ) Bank of America Global Technology Conference June 3, 2025 12:20 PM ET Company Participants Ken Xie - CEO Christiane Ohlgart - CFO Conference Call Participants Tal Liani - BAML Tal Liani [Call Started Abruptly] I wanted to get your perspective. Christiane Ohlgart Yes.
Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Fortinet (FTNT) and CyberAgent (CYGIY) have performed compared to their sector so far this year.
Fortinet's sticky firewall offerings have been exemplified by the robust performance metrics, as the increased adoption/cross-selling trigger higher ARRs and backlog. This is on top of the expanding profit margins and cash flows, with it already triggering the richer balance sheet and ongoing shareholder returns through share retirement. Despite the recent recovery, FTNT may deliver a further double digits upside potential, aided by the management's raised FY 2025 guidance.
FTNT's unified approach, rising AI and firewall solutions, and a strong Q1 despite macro uncertainties present a compelling entry point in the stock in 2025.