Cybersecurity companies are unlikely to face severe negative impacts from increased tariffs.
Fortinet (FTNT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Fortinet (FTNT) concluded the recent trading session at $88.15, signifying a +0.17% move from its prior day's close.
Many tech stocks plummeted this month after the Trump administration imposed its "Liberation Day" tariffs on most of the country's top trading partners. Higher tariffs against China, Taiwan, South Korea, Thailand, Vietnam, and India raised bright red flags for American tech companies, which were tightly tethered to those countries.
Over the past 52 weeks, a seemingly unlikely winner has emerged among cybersecurity stocks. That stock is Fortinet NASDAQ: FTNT.
Fortinet (FTNT) closed at $99.79 in the latest trading session, marking a +1.16% move from the prior day.
FTNT's FortiEDR innovations drive growth, while its unified security approach positions the stock as a compelling cybersecurity buy for 2025.
In the latest trading session, Fortinet (FTNT) closed at $96.62, marking a +0.38% move from the previous day.
Security researchers have observed hackers linked to the notorious LockBit gang exploiting a pair of Fortinet firewall vulnerabilities to deploy ransomware on several company networks.
In the closing of the recent trading day, Fortinet (FTNT) stood at $101.28, denoting a -0.43% change from the preceding trading day.
As if investors didn't have enough to worry about, the Trump tariffs have gone into effect. As other nations begin to retaliate, this could be the initial battle in a prolonged trade war.
Fortinet, Inc. (NASDAQ:FTNT ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 12:15 PM ET Company Participants Ken Xie - Chairman, CEO and Founder Keith Jensen - CFO Conference Call Participants Keith Weiss - Morgan Stanely Keith Weiss Excellent. Thank you, everyone, for joining us.