Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Here is how Fortinet (FTNT) and Innovid Corp. (CTV) have performed compared to their sector so far this year.
On November 7, Fortinet reported third-quarter revenue of $1.51 billion, up 13%, topping the consensus estimate of $1.48 billion. Product revenue was up 1.7% to $473.9 million.
Fortinet, Inc. (NASDAQ:FTNT ) Needham Security, Networking, & Communications Conference November 19, 2024 9:30 AM ET Company Participants Keith Jensen - CFO John Whittle - COO Christiane Ohlgart - Chief Accounting Officer Conference Call Participants Matt Dezort - Needham Matt Dezort Good morning. And welcome, everyone, to Needham Tech Week.
At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets. The post Fortinet Lays Out Medium Term Financial Targets, Expects Firewall Rebound appeared first on Investor's Business Daily.
Fortinet Stock Analysis: Buy, Sell, or Hold?
Investors have seen this cybersecurity stock deliver outstanding earnings growth in recent quarters.
Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Fortinet's stock dipped post-earnings due to reduced guidance but rebounded as it beat revenue and EPS consensus, showing resilience and investor confidence. I maintain a buy rating on FTNT, driven by AI-driven SecOps, product revenue rebound, and easing macro headwinds, and I expect continued high double-digit growth into 2025. I herein share my positive sentiment on Fortinet stock and why I see green shoots into 2025.
Fortinet (FTNT) possesses solid growth attributes, which could help it handily outperform the market.
FTNT's record margins, 13% revenue growth and AI innovation make it a compelling buy. Solid SASE momentum & expanding security portfolio position it for sustained growth.
TOST, FTNT and PAYO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 13, 2024.