57.41 0.00 (0.00%)
After hours: 4:23PM EDT
|Bid||56.45 x 200|
|Ask||57.60 x 400|
|Day's Range||56.89 - 57.54|
|52 Week Range||35.44 - 57.98|
|PE Ratio (TTM)||318.94|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Palo Alto Networks’ (PANW) subscriptions and support, which contribute more than 60% of its overall revenue, have maintained strong double-digit revenue growth. This solid performance is mainly due to higher customer retention and additions.
Although Juniper Networks’ (JNPR) security business revenue fell ~13% YoY (year-over-year) in fiscal 2017, its revenue rose 8% in 4Q17. Juniper’s security revenue fell for several quarters prior to 4Q17 as the company struggled to compete with niche players such as Palo Alto Networks (PANW), FireEye (FEYE), and Fortinet (FTNT), and tech giants such as Cisco (CSCO). Last year, Juniper announced that it would revamp its security product portfolio to attract customers, and revenue growth in 4Q17 was driven by sales across financial services, telecom, and government verticals.
Proofpoint and other cybersecurity stocks rallied as the RSA Security Conference kicked off in San Francisco and analysts pondered further industry consolidation.
Palo Alto Networks, Fortinet, Okta and CyberArk Software are among network security firms that could prosper from utilizing blockchain technology, says an Oppenheimer report.
Zacks.com featured highlights include: Archer Daniels, AMN, Fluor, Fortinet and National General
Fortinet (FTNT) continues to witness strong growth in deferred revenue mainly due to huge contract wins. Increased security threats across different organizations have led to growing demand for security-related products. Fortinet’s FortiGate family of security products was already available on Amazon’s (AMZN) AWS cloud and Microsoft’s (MSFT) Azure cloud platform.
Growing cyber-terrorism threats have boosted Fortinet’s (FTNT) growth. The company continues to cater its security products to different customer segments. Furthermore, bundled product offerings also helped the company boost its ticket size.
These stocks have passed through a screen we ran to find those that are trading near their 52-week high levels and still have plenty of upside left.
The American segment of Fortinet (FTNT) contributes around 43% to the company’s total revenue. Geography-wise, the American region is the IT (information technology) hub, which leads to a huge demand for security products and services.
Fortinet’s (FTNT) Product segment, which contributes around 40% of the company’s total revenue, maintained stable business growth in the last five quarters. The growth in product revenues was mainly triggered by higher sales in high-end and mid-range product groups for large enterprise customers. The company’s high-end product categories continue to dominate the overall products for Fortinet.
Shares of Fortinet Inc. are down 0.9% in Wednesday trading after Morgan Stanley analysts downgraded the stock to equal-weight from overweight. "While Fortinet is not expensive at 14x CY19 FCF, we ...
Public cloud stocks have underperformed the broader market in recent years, and the market is only pricing in 5-percent topline growth through the end of the decade, according to an industrywide Morgan ...
The huge demand for security products has helped Fortinet (FTNT) maintain strong business growth. The graph above shows that the company’s total revenue has been in an uptrend for the last five quarters. During the period, Fortinet’s revenues have improved at a CAGR (compound annual growth rate) of 3.5%.
Higher demand for security across various industries has allowed Fortinet (FTNT) to maintain strong revenue growth. The growing threat of cyberterrorism has prompted many financial institutions to install the company’s security products. Service revenue includes business from the FortiGuard security subscription and FortiCare technical support services, as well as professional and training services.
Fortinet (FTNT) maintained strong growth in billings driven by huge contract wins. Growing demand for security products across various industries coupled with a strong product lineup continue to act as tailwinds for billings for the company. During the period, Fortinet’s billings have risen at a CAGR (compounded annual growth rate) of 3.6%.
Fortinet’s (FTNT) cloud security service remains a potent force for the company’s business. It’s showing strong growth momentum driven by the ongoing digital transformation taking place across various industries to cloud computing. The company has already teamed up with some large cloud service providers like Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), and Google (GOOGL) to deliver its product.
Fortinet’s (FTNT) strong product pipelines and growing customer portfolio have continued to drive the company’s bottom-line growth in the last five quarters. The top line, which was driven by service revenue growth, remains the key contributor to EPS (earnings per share). Moreover, the growing trend of digital transformation across the industry has further led to higher demand for cloud security services. The company is also gaining from tax reform in the US as well.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.
Investors must be in two minds about investing in tech after such massive selloffs, but they should note that not all segments were badly hurt in the recent rout. The crash that was caused by reports of Facebook Inc (NASDAQ:FB) data breaches in mid-March, spread like wildfire in Wall Street, and particularly hurt the tech behemoths.Source: Blogtrepreneur via Flickr (modified)
The cyber security market is expected to witness CAGR of 11% in the 2017-2022 time frame. These predictions bode well for Fortinet (FTNT).
Badger Meter's (BMI) agreement to acquire its exclusive stocking distributor Innovative Metering Solutions will help serve its utility customers in the southeastern United States.