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Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE
Newsfilter· 2024-07-09 23:08
SUNNYVALE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Fortinet Unified SASE embodies our longstanding commitment to converging networking and security to deliver integrated solutions to our customers. Like most offerings across the Fortinet Security Fabric, our Unified SASE solution is powered by a single operating system and AI-powered security services that enable consistent security and user experience no matter where users are. We continue to see stro ...
3 Cybersecurity Stocks to Sell in July Before They Crash & Burn
Investor Place· 2024-07-03 04:45
It’s been a tumultuous first half of 2024 for cybersecurity stocks as early optimism was handed a reality check amid challenging first-quarter earnings for leading industry players like Cloudflare and Fortinet (NASDAQ:FTNT). With worse-than-expected billings shortfalls pushing cybersecurity stocks lower, the complex state of the industry has been laid bare for investors. There’s little doubt that the cybersecurity industry is full of potential, and projections of market revenue to reach $185.70bn in 2024 un ...
Fortinet: An Undervalued Cybersecurity Stock Worth Owning
MarketBeat· 2024-07-02 19:12
Fortinet Today FTNT Fortinet $59.85 -0.42 (-0.70%) 52-Week Range $44.12 ▼ $81.24 P/E Ratio 39.12 Price Target $70.03 Add to Watchlist Leading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model. The end of its growth normalization cycle may be near. Fortinet has over 650,000 customers, inclu ...
2 Top Tech Stocks to Buy Right Now
The Motley Fool· 2024-06-30 19:04
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 rep ...
Fortinet Annual Skills Gap Report Reveals Growing Connection Between Cybersecurity Breaches and Skills Shortages
Newsfilter· 2024-06-26 21:00
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· 2024-06-22 06:55
文章核心观点 - 公司最近一个交易日的股价上涨1.07%,表现优于标普500指数下跌0.16% [1] - 过去一个月公司股价下跌4.91%,低于计算机和技术板块6.77%的涨幅和标普500指数3.15%的涨幅 [2] - 公司预计将在即将到来的财报中报告每股收益0.41美元,同比增长7.89%;预计收入将达到14亿美元,同比增长8.6% [3] - 公司全年每股收益和收入的预测分别为1.75美元和57.9亿美元,同比分别增长7.36%和9.22% [4] - 分析师对公司的预测已经有所上调,这通常反映了最新的业务趋势,是一个积极的信号 [5][6] - 公司当前的市盈率为33.07倍,高于行业平均水平30.06倍 [8] - 公司的PEG率为2.37,高于行业平均水平1.69 [9] - 公司所在的互联网软件行业属于计算机和技术板块,行业排名靠前,位于前28% [10][11]
Fortinet Report: Threat Actors Are Increasingly Targeting OT Organizations
GlobeNewswire News Room· 2024-06-18 21:00
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· 2024-06-15 06:50
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 ...
Fortinet (FTNT) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-06-14 07:12
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 attenti ...
Does Fortinet's (FTNT) Cybersecurity Strength Make It a Buy?
ZACKS· 2024-06-11 23:16
文章核心观点 - 网络安全市场预计将以10%的年增长率增长至2024年的3088亿美元[3] - 全球IT支出预计将在2024年达到5.1万亿美元,同比增长8%[4] - 福特网络凭借其全面的安全解决方案、先进的威胁检测和响应能力以及对多云环境的支持而脱颖而出[5][6][7][8][9][10] - 福特网络的财务表现强劲,2024年第一季度收入同比增长32.9%,订单量同比增长34.1%[11] - 福特网络预计2024财年收入将达到57.45-58.45亿美元,经营利润率为26.5-28%[12] 公司概况 - 福特网络是一家领先的网络安全公司,提供全面的解决方案以保护组织免受不断发展的网络威胁[1] - 公司的核心产品是安全织网,这是一个广泛、集成和自动化的网络安全平台,可提供端到端的保护[6][7][8][9][10] - 公司还通过收购Lacework等公司来加快增长,整合Lacework的云安全解决方案[16] - 公司面临来自Palo Alto Networks、Check Point Software和思科等竞争对手的竞争[17] 行业概况 - 网络安全市场正以快速增长的态势发展,主要由网络攻击频率和复杂性的不断提高所推动[2][3] - 企业对网络安全的投入不断增加,这将有利于福特网络的增长[4]