Fortinet Inc. (FTNT)
Here's Why Fortinet (FTNT) is a Strong Growth Stock
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Fortinet: A Strategic Investment Opportunity In The Cybersecurity Sector
Fortinet's second quarter 2024 earnings showed reaccelerating revenue growth and significant margin expansion, leading to a 25% stock price increase. The company's strategy of combining traditional networking with cloud security may be perfect for the hybrid computing era. Industry analysts consider it one of the best cybersecurity companies.
Fortinet: Maintaining A Buy Despite Near Term Headwinds
I maintain my buy rating on Fortinet after I called the bottom before 2Q24 earnings. I believe that when the refresh cycle comes around in 2025 and firewall growth recovery takes off, Fortinet will be better positioned for outperformance. Fortinet's acquisitions of Lacework and Next DLP should also expand market share and drive top-line growth, particularly in the GGNAT and DLP markets, for FY25.
Fortinet (FTNT) Laps the Stock Market: Here's Why
The latest trading day saw Fortinet (FTNT) settling at $75.01, representing a +0.7% change from its previous close.
Big Money Locking Up Fortinet Shares
Shares of cybersecurity company Fortinet, Inc. (FTNT) are drawing huge investor interest after showing recent revenue and earnings strength.
Why Fortinet (FTNT) is a Top Momentum Stock for the Long-Term
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Fortinet confirms customer data breach
On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data.
Fortinet: Margins On Steroids (Rating Upgrade)
Fortinet's Q2 report showed a significant boost in margins due to improved operational efficiency and stabilizing demand for its hardware products. Despite a persistent billings slowdown, the product revenue decline was less severe than expected, indicating potential growth in Fortinet's firewall and security appliance business. The company's improved inventory levels and strong service revenue growth are driving overall margin expansion, enhancing Fortinet's earnings outlook.
Better Cybersecurity Stock: Fortinet vs. Zscaler
Fortinet and Zscaler both face tough macro and competitive headwinds. Fortinet is bigger, better diversified, and more profitable.
Fortinet (FTNT) Up 9.9% Since Last Earnings Report: Can It Continue?
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?
This Tech Stock Has Gone Parabolic, and You Should Consider Buying It Before It Soars Even Higher
The solid growth in Fortinet's revenue and margins last quarter has sparked a tremendous rally in the stock. The company is pulling the right strings as it has managed to increase its margins and is building a robust revenue pipeline.
All You Need to Know About Fortinet (FTNT) Rating Upgrade to Buy
Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
