1 Stock Down 11% to Buy Before Artificial Intelligence (AI) Could Supercharge Its Growth and Send It Soaring
FTNTFortinet(FTNT) fool.com·2024-05-20 02:38

The near-term weakness that this cybersecurity stock is facing could eventually pave the way for stronger long- term growth thanks to AI. Technology stocks have been in fine form in the past year, which is evident from the 50% gains clocked by the Nasdaq-100 Technology Sector index during this period. But not all tech stocks have benefited from the broader market's surge. Fortinet (FTNT 0.31%) is one of them. Shares of the cybersecurity company are down 11% in the past year, and the latest quarterly results ...