Fortinet Surges 65% YTD: A Prime Cybersecurity Buy for 2025?

Core Viewpoint - Fortinet's strong performance in the cybersecurity sector, with a year-to-date surge of 65.1%, significantly outpacing the Zacks Computer and Technology sector's return of 32.4% [1] Group 1: Market Position and Growth - The cybersecurity market is expanding due to global digital transformation, positioning Fortinet favorably to capture this growth with its integrated security and networking approach [2] - Fortinet's projected fourth-quarter revenue growth is 12%, with full-year service revenue growth expected at 19%, indicating a strong financial outlook [10] - The Zacks Consensus Estimate for 2024 revenues is $5.89 billion, suggesting an 11.02$200 million and 2,600 employees, supports long-term growth [18] - Fortinet aims to train one million people globally by 2026, addressing the cybersecurity skills gap and building a loyal customer base [19] - The convergence of networking and security, along with increasing cyber threats, creates a favorable market environment for Fortinet's continued success [21]