Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Here, we have picked four stocks, FTNT, ZS, QLYS and OKTA, strategically positioned to ride the waves of a challenging security landscape in 2025.
Five interest software stocks have strong growth potential for 2025. These are: FTNT, TWLO, MNDY, TOST, OLO.
Shares of Fortinet (FTNT) have surged over 65% YTD, driven by strong revenue growth and breaking out to new all-time highs. I remain bullish on FTNT due to its undervaluation, robust cybersecurity solutions, and projected double-digit revenue growth amid the A.I. revolution. Despite risks like technological advancements and economic downturns, FTNT's profitability metrics and market positioning make it a compelling investment.
From chips to security to data analytics to computing power, FTNT, TSM, PLTR and NVDA form the complete AI ecosystem and are poised to dominate the tech landscape in 2025.
Fortinet, Inc. (NASDAQ:FTNT ) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:55 PM ET Company Participants Michael Xie - Founder, President and Chief Technology Officer Keith Jensen - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Saket Kalia All right. Well, hey, good afternoon, everyone.
In the closing of the recent trading day, Fortinet (FTNT) stood at $98.04, denoting a +0.94% change from the preceding trading day.
FTNT soars 65% year to date. The cloud platform launch and AI innovation make this cybersecurity leader a compelling buy for 2025.
Fortinet, Zoom Communications and Twilio have been highlighted in this Industry Outlook article.
The Zacks Internet software industry participants like FTNT, ZM and TWLO are benefiting from high demand for SaaS due to the increasing need for hybrid working, learning and diagnosis software, as well as cybersecurity applications.
Cybersecurity threats continue to rise, and companies across sectors anticipate increasing spending on defense measures to prevent or lessen the damage caused by these attacks in the future. According to a recent survey of more than 1,000 executives across industries by Deloitte, 57% of respondents expect their companies to boost cybersecurity spending over the coming 1-2 years.
Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.