Henrik Sorensen/DigitalVision via Getty Images Investment thesis: I last wrote on Fortinet (NASDAQ:FTNT) a day before 2Q24 earnings, August 5th, initiating the stock with a buy. Fortinet stock surged 38.5% since I called the bottom, as seen below, and I believe my outperform thesis on the stock remains at play. This is not for bragging purposes, but when the market was bearish on the stock after the 1Q24 pullback, I saw Fortinet’s potential driven by its “unique position in network security, particularl ...

Fortinet (FTNT) closed the latest trading day at $75.01, indicating a +0.7% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.72%, and the technology-centric Nasdaq increased by 0.65%.The network security company's shares have seen an increase of 1.49% over the last month, not keeping up with the Computer and Technology sector's gain of 3.3% and the S&P 500's gain of 4.86%.The investment community wil ...

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On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data. In a statement posted online, Fortinet said an individual intruder accessed “a limited number of files” stored on a third-party shared cloud drive belonging to Fortinet, which included data belonging to “less than 0.3%” of its customers. The company said that the incident “did not involve any data encryption, deployment of ransomware, or access to Fortinet’s corporate network.”  Based on the company’s most recent full-yea ...

CHICAGO, Sept. 10, 2024 (GLOBE NEWSWIRE) --    John Whittle, Chief Operating Officer at Fortinet  “Our investment in Chicago reflects Fortinet’s long-term commitment to delivering top-tier solutions and support for our enterprise customers across the United States and globally, always with a ‘built to last’ approach in mind. As we roll out new Innovation Hubs in strategic locations throughout 2025 and beyond, we will continue to enhance our infrastructure and innovation to provide unmatched experiences and ...

John M Lund Photography Inc Investment Thesis Fortinet's (NASDAQ:FTNT) recently concluded Q2 quarter was an enlightening revelation. On one hand, the billings slowdown persisted just as I noted in my earnings preview of Fortinet's Q2 quarter, with Fortinet's management keeping full-year CY24 billings guidance unchanged from their previous quarters. Then, on the other hand, management surprised everybody with a high-octane expansion of consolidated business margins across the board driven by increased operat ...

Which of these cybersecurity giants is a better investment?Fortinet (FTNT -0.85%) and Zscaler (ZS -3.37%) represent two different ways to invest in the expanding cybersecurity market. Fortinet provides a wide range of endpoint security services for on-premises, cloud-based, and Internet of Things (IoT) devices. Zscaler is a smaller, faster-growing provider of cloud-native "zero trust" services that treat everyone, including a company's top executives, as potential threats.Over the past 12 months, Fortinet's ...

It has been about a month since the last earnings report for Fortinet (FTNT) . Shares have added about 9.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Fortinet due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Fortinet Q2 Earnings Beat Expectations, Sales Rise Y/ ...

This cybersecurity stock has stepped on the gas, and it looks set to deliver more upside.Fortinet (FTNT 0.58%) released its second-quarter 2024 results on Aug. 6, and the stock has witnessed a massive surge of 35% since then thanks to impressive growth in its revenue and earnings that were enough to help it beat Wall Street's expectations.The cybersecurity specialist also raised its full-year revenue guidance. This further explains why the stock has made a parabolic move, a phenomenon that refers to the rap ...

Investors might want to bet on Fortinet (FTNT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...