In the most recent trading session, Fortinet (FTNT) closed at $58.79, indicating a -1.34% shift from the previous trading day.
Fortinet (FTNT) announces that its Unified SASE platform has been chosen by KDDI, utilizing FTNT's solution as the key product for the latter's Global platform.
Fortinet has a huge addressable market, and it's tapping into fast-growing verticals within cybersecurity. The company's subscription business has also been growing at a healthy pace.
Cybersecurity market expected to double to $128.99 billion by 2030. Fortinet has potential for growth despite recent decline in stock price. FTNT operates high-margin business with strong profitability, undervalued compared to competitors.
It's been a tumultuous first half of 2024 for cybersecurity stocks as early optimism was handed a reality check amid challenging first-quarter earnings for leading industry players like Cloudflare and Fortinet (NASDAQ: FTNT ). With worse-than-expected billings shortfalls pushing cybersecurity stocks lower, the complex state of the industry has been laid bare for investors.
Leading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model.
Fortinet's predicting a brighter second half of the year and is still a leader in its space. Procore is trying to disrupt the construction industry and is growing solidly.
Fortinet (FTNT) closed the most recent trading day at $60.27, moving +0.38% from the previous trading session.
2023 was a record year for ransomware attacks and the threat landscape has worsened this year. Bad actors have laid siege on government and enterprise systems, causing data leakages, financial losses and reputational damage.
The latest trading day saw Fortinet (FTNT) settling at $58.56, representing a +1.07% change from its previous close.
The latest trading day saw Fortinet (FTNT) settling at $60.78, representing a +0.91% change from its previous close.
Fortinet (FTNT) reachead $60.23 at the closing of the latest trading day, reflecting a -0.64% change compared to its last close.