Fortinet's (FTNT) robust cybersecurity portfolio with next-gen firewall and generative AI offerings make the stock worth a watch amid intense competition and elevated valuation.
Palo Alto Networks and Fortinet have been heading in opposite directions. Both companies face similar macro and competitive headwinds.
Shares of Fortinet have been volatile amid disappointing trends in recent quarters. The company maintains positive fundamentals, including climbing profitability.
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Fortinet, Inc. (NASDAQ:FTNT ) Bank of America Global Technology Conference June 5, 2024 1:40 PM ET Company Participants Keith Jensen - Chief Financial Officer John Maddison - Chief Marketing Officer Conference Call Participants Tal Liani - Bank of America Tal Liani So I want to welcome John Maddison, Chief Marketing Officer, and Keith Jensen, CFO. I've known both of them for many years, and we have a lot of discussion, a lot of topics to discuss.
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Fortinet stock has disappointed again, falling into a bear market recently. Fortinet's weak billings growth justified the market pessimism. However, Fortinet's growth normalization phase could soon end.
Fortinet is experiencing headwinds as cybersecurity industry growth slows.
Fortinet has a broad and well-rated portfolio of products and services. The company's growth rate is lower than that of many of its peers.
Fortinet's (FTNT) strong portfolio offerings, with the introduction of a next-generation firewall and generative AI portfolio, make its top-line growth prospects bright despite stiff competition.
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Recently, Zacks.com users have been paying close attention to Fortinet (FTNT). This makes it worthwhile to examine what the stock has in store.