As we enter the summer of 2024, cybersecurity stocks are regaining the spotlight. The recent uptick in cyberattacks has highlighted the crucial role of robust cybersecurity measures, propelling the industry to the forefront of essential investments. While other tech sectors like AI and semiconductors have captured much of the market’s attention, cybersecurity presents a unique value proposition, especially for investors looking to diversify into high-growth potential areas that offer both stability and nece ...

In the wake of a worldwide IT outage, Fortinet (NASDAQ: FTNT) has emerged as a key player in the cybersecurity sector. While Microsoft (NASDAQ: MSFT) operating systems using CrowdStrike (NASDAQ: CRWD) experienced crashes due to a faulty update, Fortinet saw its stock price rise. Fortinet’s stock climbed 1.19% to $58.82 as investors sought alternatives to CrowdStrike.Fortinet has garnered significant investor attention, partly due to its upcoming financial results for the fiscal quarter ending June 30, 2024. ...

SUNNYVALE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it has completed the acquisition of Lacework, a cloud security and cloud-native application protection platform (CNAPP) trailblazer, effective August 1, 2024. "The addition of Lacework aligns with Fortinet's commitment to protect our customers with innovative solutions that provide consistent security across on-pre ...

SUNNYVALE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it has completed the acquisition of Lacework, a cloud security and cloud-native application protection platform (CNAPP) trailblazer, effective August 1, 2024. “The addition of Lacework aligns with Fortinet’s commitment to protect our customers with innovative solutions that provide consistent security across on-pr ...

Fortinet (FTNT) is scheduled to report second-quarter 2024 results on Aug 6, after market close.The cybersecurity firm projects revenues between $1.375 billion and $1.435 billion. The Zacks Consensus Estimate for the same is pegged at $1.40 billion, suggesting year-over-year growth of 8.44%.The company forecasts second-quarter non-GAAP earnings in the range of 39-41 cents per share. The consensus mark for earnings is pegged at 41 cents per share, implying a rise of 7.9% from the year-ago figure of 38 cents. ...

In its upcoming report, Fortinet (FTNT) is predicted by Wall Street analysts to post quarterly earnings of $0.41 per share, reflecting an increase of 7.9% compared to the same period last year. Revenues are forecasted to be $1.4 billion, representing a year-over-year increase of 8.4%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during thi ...

BlackJack3D Investment Thesis Fortinet (NASDAQ:FTNT) is set to report their Q2 FY24 earnings next week on Tuesday, August 6th, after markets close for business. Markets will be looking for additional clarifications on Fortinet’s progress with its SASE products this quarter as well. But more importantly, the focus will be back on the Sunnyvale, CA-headquartered company’s Secure Networking business, which includes their networking and security operating system, FortiOS, that powers their network firewall ...

Fortinet (FTNT) , a leading cybersecurity company, has experienced a significant downturn in its stock price over the past six months, losing approximately 11% and underperforming the Zacks Computer and Technology sector’s return of 15.4%. This decline has left investors questioning whether to maintain their positions or consider selling their shares. To understand the situation, it's crucial to examine the factors contributing to this decline and evaluate the company's prospects.The cybersecurity industry ...

Fortinet (FTNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expecta ...

In the latest trading session, Fortinet (FTNT) closed at $57.39, marking a +0.68% move from the previous day. This change outpaced the S&P 500's 0.08% gain on the day. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq increased by 0.07%.The network security company's shares have seen a decrease of 5.43% over the last month, not keeping up with the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21%.Investors will be eagerly watching for the p ...