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2 Top Tech Stocks to Buy Right Now
The Motley Fool· 2024-06-30 11:04
These stocks may not get the headlines, but they could be highlights in your portfolio.The stock market has been on a good run lately. The S&P 500 is up 14% year to date, and the Nasdaq Composite has risen by 17%. A lot of this performance has been driven by the large, well-known tech companies in the news almost daily. However, some wonderful tech businesses don't get as much media coverage but are worth considering as investments.Here are two great tech stocks to buy right now. Each company has been repor ...
Fortinet Annual Skills Gap Report Reveals Growing Connection Between Cybersecurity Breaches and Skills Shortages
Newsfilter· 2024-06-26 13:00
SUNNYVALE, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet"The results from our latest Global Cybersecurity Skills Gap Report highlight the critical need for a collaborative, multi-faceted approach to closing the skills gap. To effectively mitigate risk and combat today's complex threats, organizations must employ a strategic combination of leveraging the right security technology, upskilling existing security professionals through training and certifications, a ...
Fortinet (FTNT) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-06-21 22:55
The most recent trading session ended with Fortinet (FTNT) standing at $58.56, reflecting a +1.07% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.18%.Heading into today, shares of the network security company had lost 4.91% over the past month, lagging the Computer and Technology sector's gain of 6.77% and the S&P 500's gain of 3.15% in that time.Investors will be ...
Fortinet Report: Threat Actors Are Increasingly Targeting OT Organizations
GlobeNewswire News Room· 2024-06-18 13:00
SUNNYVALE, Calif., June 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet“Fortinet’s 2024 State of Operational Technology and Cybersecurity Report shows that while OT organizations are making progress in strengthening their security posture, teams still face significant challenges in securing converged IT/OT environments. Adopting essential tools and capabilities to enhance visibility and protections across the entire network will be vital for these organizations when it comes ...
Fortinet (FTNT) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-06-14 22:50
Fortinet (FTNT) closed at $60.78 in the latest trading session, marking a +0.91% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.12%.Heading into today, shares of the network security company had lost 1.65% over the past month, outpacing the Computer and Technology sector's loss of 2.27% and lagging the S&P 500's gain of 4.15% in that time.Market participants will be closely following the financial results of F ...
Fortinet (FTNT) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-06-13 23:12
Fortinet (FTNT) closed the latest trading day at $60.23, indicating a -0.64% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.23%. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, added 0.34%.Heading into today, shares of the network security company had lost 0.18% over the past month, outpacing the Computer and Technology sector's loss of 2.01% and lagging the S&P 500's gain of 3.96% in that time.The investment community will be paying close attention ...
Does Fortinet's (FTNT) Cybersecurity Strength Make It a Buy?
ZACKS· 2024-06-11 15:16
Fortinet (FTNT) has emerged as a leading cybersecurity company, offering a comprehensive suite of solutions to protect organizations from the ever-evolving threat landscape.The cybersecurity market is projected to continue to grow at a rapid pace, driven by the increasing frequency and sophistication of cyber threats.According to a report by MarketsandMarkets, the global cybersecurity market is expected to reach $308.8 billion by 2024, at a growth rate of 10% year over year.Higher IT spending on cybersecuri ...
Better Cybersecurity Stock: Palo Alto Networks vs. Fortinet
The Motley Fool· 2024-06-11 11:30
Which of these cybersecurity giants has a brighter future?Palo Alto Networks (PANW 2.37%) and Fortinet (FTNT 0.62%) are two of the largest cybersecurity companies in the world. Both originally developed next-gen firewalls (NGFWs), which upgraded traditional firewalls with more robust network filtering tools, and they subsequently expanded their ecosystems with additional security services.Palo Alto Networks now operates three ecosystems: Strata for its NGFW and on-site networking tools, Prisma for its cloud ...
Down 27% From Its 52-Week High, Is Now the Time to Buy Fortinet Stock?
The Motley Fool· 2024-06-09 07:50
This cybersecurity leader is down but not out.Shares of Fortinet (FTNT -0.05%) are down 27% from their 52-week high. The sell-off stems from a string of weaker-than-expected results and slowing sales over the past year.Despite the recent volatility, investors shouldn't dismiss this cybersecurity leader that maintains a positive outlook. Let's explore why Fortinet shares could be poised for a rebound.The business is in a transitional yearFortinet's first-quarter earnings report released in early May (for the ...
Fortinet, Inc. (FTNT) Bank of America Global Technology Conference (Transcript)
Seeking Alpha· 2024-06-05 20:37
Fortinet, Inc. (NASDAQ:FTNT) Bank of America Global Technology Conference June 5, 2024 1:40 PM ET Company Participants Keith Jensen - Chief Financial Officer John Maddison - Chief Marketing Officer Conference Call Participants Tal Liani - Bank of America Tal Liani So I want to welcome John Maddison, Chief Marketing Officer, and Keith Jensen, CFO. I've known both of them for many years, and we have a lot of discussion, a lot of topics to discuss. Before we start, I think you need to read us something from h ...