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Fortinet: Leading Profitability In The Cybersecurity Industry
Seeking Alpha· 2024-10-13 12:18
It's been a year since I published an article on Fortinet (NASDAQ: FTNT ), which I highly recommend reading before continuing with this one so you can fully understand my investment thesis on the company. In thatI am an investor who relies on the fundamental aspects of companies. I enjoy being the owner of the world's best businesses with strong long-term projections. To achieve this, I conduct thorough research on the companies I invest in, placing significant importance on the sector, competitive advantag ...
Fortinet: On The Road To Recovery (Rating Upgrade)
Seeking Alpha· 2024-10-10 12:40
Fortinet's (NASDAQ: FTNT ) share price rebounded to near all-time highs after its Q2 earnings. While the results weren't particularly strong, hardware demand headwinds appear to be easing, putting Fortinet on track to return to steady growth and improving margins.Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved b ...
Fortinet is the Only Leader Positioned as Highest in Ability to Execute for the Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for SD-WAN
GlobeNewswire News Room· 2024-10-04 15:00
SUNNYVALE, Calif., Oct. 04, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet"Fortinet has once again been named a Leader in the Gartner Magic Quadrant for SD-WAN, which we believe highlights our commitment to empowering customers with cutting-edge solutions. Fortinet is the only vendor recognized across five separate Magic Quadrant reports: SD-WAN, SSE, Single-Vendor SASE, Network Firewalls, and Enterprise Wired and Wireless LAN. And we will continue innovating across the Fortine ...
Are Computer and Technology Stocks Lagging Fortinet (FTNT) This Year?
ZACKS· 2024-10-03 14:46
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Fortinet (FTNT) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Fortinet is a member of the Computer and Technology sector. This group includes 622 individual stocks and currently holds a Zacks Sector Rank of #5. The Z ...
Fortinet to Announce Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-02 13:00
SUNNYVALE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its third quarter 2024 financial results on Thursday, November 7, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.c ...
Fortinet (FTNT) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-10-01 22:56
In the latest market close, Fortinet (FTNT) reached $76.49, with a -1.37% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.93% for the day. Meanwhile, the Dow lost 0.41%, and the Nasdaq, a tech-heavy index, lost 1.53%.The the stock of network security company has risen by 1.1% in the past month, lagging the Computer and Technology sector's gain of 2.77% and the S&P 500's gain of 2.17%.Investors will be eagerly watching for the performance of Fortinet i ...
5 Momentum Stocks for October After a Surprisingly Strong September
ZACKS· 2024-10-01 19:02
September is generally known as the worst-performing month on Wall Street. But this year, the situation was completely different. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — were up 1.9%, 2%, and 2.7%, respectively. The broad-market benchmark — the S&P 500 — posted its first September in green since 2019. On Monday, the month ended with the Dow and the S&P 500 recording their all-time highs on both intraday and closing basis. October is also known to be highly volatile. S ...
Fortinet Cyber Skills Program on Track: Time to Buy the Stock Now?
ZACKS· 2024-09-30 16:30
Fortinet (FTNT) , a leading player in the cybersecurity industry, recently made it to the headlines with its continued efforts to address the critical shortage of skilled professionals in the field. The company's proactive approach to tackling one of the sector's most pressing challenges demonstrates not only strategic foresight but also a commitment to long-term growth and sustainability.The company announced significant progress in its mission to address the cybersecurity skills shortage through its Train ...
Stocks Make Record Highs: 3 Top Buys for the Next Bull Run
ZACKS· 2024-09-20 20:06
As the stock market reaches new record highs, investors are searching for the next set of winners to ride the wave of momentum into the next bull run. With a combination of strong fundamentals, top Zacks Ranks, and solid growth potential, a few stocks stand out from the crowd.Among them are HCA Healthcare ((HCA), Fortinet ((FTNT), and PayPal ((PYPL)—each offering investors impressive momentum and high forecasted earnings growth. In this article, we’ll explore why these three top-rated stocks are positioned ...
Fortinet Honored as Winner of the 2024 SC Awards for Best Professional Certification Program
GlobeNewswire News Room· 2024-09-20 13:00
SUNNYVALE, Calif., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been named a winner in the prestigious 2024 SC Awards. Fortinet has been recognized in the Best Professional Certification Program category, for its Network Security Expert (NSE) Certification Program, which plays a crucial role in addressing the widening cybersecurity talent gap. View the full list of 2024 SC Awards winner ...