Fortinet (FTNT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this network security company have returned +13.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The Zacks Internet - Software industry, to which Fortinet belongs, has gained 8.2% over this period. Now the key question is: Where could the stock be headed in the near term?Although m ...

Shares of leading cybersecurity pure-play Fortinet (FTNT 0.87%) closed out 2023 on a sour note. Management downgraded its prior financial guidance, and left the door open for a significant slowdown in business growth in 2024. Investors were mighty displeased, although it's worth noting that Fortinet stock still managed to rise 20% in 2023 thanks to a year-end rally. Nevertheless, the cybersecurity market is still riding massive demand as cloud computing growth continues unabated. Is it time to buy Fortinet ...

The latest trading session saw Fortinet (FTNT) ending at $65.55, denoting a -0.85% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.The network security company's shares have seen an increase of 11.41% over the last month, surpassing the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.Market participants will be closely following the financial resul ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Fortinet (FTNT) , which belongs to the Zacks Internet - Software industry.When looking at the last two reports, this network security company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.29%, on average, in the last two quarters.For the most recent quarter, Fortinet was expected to post earnings of $0.3 ...

Tech stocks are undoubtedly one of the best paths to wealth in the stock market. With the emergence of artificial intelligence (AI), investors are on the hunt for companies that can deliver outsized returns. However, taking advantage of these wealth generators requires both a level-headed and forward-thinking approach. More often than not, investors find themselves caught up in the hype of new investing trends. That is why it’s important to invest in the industry leaders while taking small risks when you ca ...

The cybersecurity industry has a $2 trillion market opportunity. As the record number of ransomware attacks showed last year, threats are rising, and businesses need to bolster their defenses. In such a backdrop, cybersecurity stocks are a top industry to invest in.Several tailwinds underpin spending on cyber defense. First, rising threat levels make cybersecurity a priority for organizations. Otherwise, neglecting this area might lead to financial losses and a tarnished brand in case of a breach.Secondly, ...

Fortinet (FTNT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this network security company have returned +11.3%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Internet - Software industry, which Fortinet falls in, has gained 5.2%. The key question now is: What could be the stock's future direction?While me ...

SUNNYVALE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the industry's only comprehensive secure networking solution integrated with Wi-Fi 7. Fortinet's first Wi-Fi 7 access point, FortiAP 441K, delivers increased speed and capacity, and the new FortiSwitch T1024 is purpose-built with 10 Gigabit Ethernet (GE) access and 90W Power over Ethernet (PoE) technology to support Wi-Fi 7 bandwidt ...

Fortinet (FTNT) closed at $62.25 in the latest trading session, marking a +1.43% move from the prior day. This move outpaced the S&P 500's daily loss of 0.07%.Coming into today, shares of the network security company had gained 10.88% in the past month. In that same time, the Computer and Technology sector gained 2.5%, while the S&P 500 gained 3.98%.Analysts and investors alike will be keeping a close eye on the performance of Fortinet in its upcoming earnings disclosure. The company's earnings report is se ...

SUNNYVALE, Calif., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet"As cybersecurity challenges emerge at an unprecedented pace, public-private partnerships play an increasingly important role in effectively mitigating cyberthreats and bolstering our collective cyber resilience. The World Economic Forum's Annual Meeting brings together global leaders to engage in open and constructive dialogue and collaborate on solutions to solve critical cybersecurity challen ...