Fortinet and Zscaler both face tough macro and competitive headwinds. Fortinet is bigger, better diversified, and more profitable.
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?
The solid growth in Fortinet's revenue and margins last quarter has sparked a tremendous rally in the stock. The company is pulling the right strings as it has managed to increase its margins and is building a robust revenue pipeline.
Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
FTNT's cutting-edge cybersecurity solutions, including next-gen firewalls and AI capabilities, make the stock worth buying despite fierce competition.
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Cybersecurity stock Fortinet Inc. FTNT has been on a bullish tear, with the stock up 31.48% year-to-date, 29.42% over the past year, and an impressive 32.37% in the last month alone. The cybersecurity powerhouse continues to flex its muscles, outperforming market expectations and delivering robust financial results.
Fortinet (FTNT) announces that it has been chosen as the official cybersecurity partner for Juventus Football Club for the next two seasons.
As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Last year, hackers stayed busy, launching 2,365 cyberattacks and resulting in more than 343 million victims. This wake-up call has made cybersecurity stocks more important than ever, turning them into a hotbed for investors.
Here is how Fortinet (FTNT) and PAR Technology (PAR) have performed compared to their sector so far this year.
The cybersecurity industry has been in greater focus since the outage caused by CrowdStrike.