Fortinet is set to report Q2 FY24 earnings, with focus on Secure Networking business and SASE products progress. Concerns arise over billings deceleration and management's unchanged guidance, indicating a potential slowdown in revenue growth. Valuation models suggest a fair value range for Fortinet, with expectations for adjusted earnings growth and forward valuation multiple.
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Fortinet's (FTNT) cutting-edge cybersecurity solutions, including next-gen firewalls and AI capabilities, make the stock worth a watch amid fierce competition and premium valuation.
Fortinet (FTNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fortinet (FTNT) concluded the recent trading session at $57.39, signifying a +0.68% move from its prior day's close.
The cybersecurity company's shares are roughy flat since Guggenheim's upgrade almost a year ago
Fortinet (FTNT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Fortinet (NASDAQ: FTNT ) stock is among the cybersecurity shares investors will want to keep an eye on Friday alongside the CrowdStrike (NASDAQ: CRWD ) outage. What appears to be a bad update from CrowdStrike has taken out machines running Microsoft's (NASDAQ: MSFT ) Windows operating systems around the world.
CrowdStrike Holdings, Inc.'s CRWD pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday.
The challenges of our time are not always related to basic issues such as food, medicine, education or construction. In the era of intensifying technological development, millions of users need ways to protect their digital presence.
Investors weren't happy with Fortinet's billings decline in the first quarter. The company is still a cybersecurity leader and growing new services.