76.96 0.00 (0.00%)
After hours: 4:55PM EDT
|Bid||73.07 x 1000|
|Ask||78.99 x 800|
|Day's Range||74.50 - 77.11|
|52 Week Range||61.08 - 96.96|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||38.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Fortinet's (FTNT) Secure SD-Branch solution provides network edge protection, device edge protection, integrated security and simplified management for distributed enterprises.
PureSec will be integrated into Palo Alto's (PANW) Prisma cloud security platform, enabling the latter to add end-to-end serverless application security to its capabilities.
Fortinet's (FTNT) Security Fabric solutions will not only boost Nubank's growth, but also secure its AWS cloud environment.
Fortinet’s (FTNT) sales have grown at a compound annual growth rate (or CAGR) of 24.0% from $615 million in 2013 to $1.8 billion in 2018.
How Has Fortinet Stock Performed since Q1 Results?(Continued from Prior Part)Strong demand for cybersecurity productsThe global cybersecurity market has grown at a significant rate over the years. The threat of cyber attacks has driven up demand for
How Has Fortinet Stock Performed since Q1 Results?(Continued from Prior Part)Fortinet is a leader in the cybersecurity spaceFortinet (FTNT) is one of the largest players in the cybersecurity space. It has a market capitalization of $12.9 billion.
How Has Fortinet Stock Performed since Q1 Results?(Continued from Prior Part)Fortinet stock fell despite earnings beatFortinet (FTNT) stock has fallen recently. The stock has slumped over 20.0% since April 15 this year. Fortinet announced its
How Has Fortinet Stock Performed since Q1 Results?Fortinet stock returnsFortinet (FTNT) stock has fallen 18.7% since the start of May 2019. Fortinet stock is currently trading at $75.98, which is 24.4% above its 52-week low of $61.08 and 21.6% below
We at Insider Monkey have gone over 738 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article, we look at what those funds think of Fortinet Inc (NASDAQ:FTNT) based on that data. […]
Fortinet's (FTNT) multi-cloud security solutions, which are part of the Fortinet Security Fabric, have been chosen by leading organizations to achieve secure migration of workloads to cloud.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Zacks.com featured highlights include: Twitter, ServiceNow, Fortinet, Tactile Systems and Navigant Consulting
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Fortinet Inc (NASDAQ:FTNT) is a cybersecurity firm that's been around for nearly 20 years. The company went public about a decade ago, in the teeth of the financial crisis, and has a checkered history in the markets.Source: Shutterstock Considering the sector Fortinet stock is in, that was certainly a better time to launch a cybersecurity company than it was to launch a mortgage company or a residential real estate investment trust (REIT). But FTNT stock still pretty much chugged along for about 5 years until it started to gain some traction.FTNT had one powerful thing going for it at the time: Big firms had the power to borrow, even through the tough times, and companies were starting to realize how crucial it was to build out their cybersecurity capabilities. That meant a tailwind for quality cybersecurity firms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlso, we were in the next iteration of the digital era -- mobility. Security was expanding beyond just internal servers and simple firewall protocols. Data were now everywhere thanks to the cloud and Big Data, and the growing influence of the Internet of Things (IoT), which includes smart houses, cars, etc. * 7 Stocks to Sell Amid an Escalating Trade War And of course, e-commerce.These were places that enterprise level companies saw as massive opportunities to grow their businesses. And that meant 21st century digital security guards that not only worked reactively but proactively to threats.That's how FTNT stock has grown over 800% in the past 9 years …But after a big run in the past few years, cybersecurity stocks aren't growing at the pace they once did.Although, FTNT released its first-quarter earnings in early May, and the numbers beat analysts' expectations, the company gave conservative numbers for the rest of the year. These figures were only in line with analysts' expectations, which was enough to sell Fortinet stock and elicit downgrades from some analysts. Today, Fortinet stock is giving back 2.6% amid a broader market selloff.However, most analysts are still bullish on the stock. In fact, my Portfolio Grader still gives FTNT stock an "A" rating.Here are three reasons why FTNT stock is still a buy in my view:* Trade War: There are two things you need in any war -- an offense and a defense. Whether it's an economic war or an armed conflict, in today's world, security is crucial.China has very good hacking operations. And in this environment, testing vulnerabilities and hampering operations is all fair game. Plus, China has proxy states like North Korea that can cause issues without China's fingerprints on it.Then you add in players like Russia and its proxies who are happy to step in and add to the chaos.To this end, a recent survey of chief information and security officers at financial institutions shows nearly 75% are expecting to increase spending on cybersecurity in the next year. Even if the trade war cools, espionage will not.* Conflicting expectations: On a more micro level, this divergence on earnings and revenue among analysts is a great opportunity. Since earnings, the stock is off about 17% this month. But cash flow growth and earnings growth, historically and currently blow its peers and industry averages out of the water.* Transition to platform from products: And FTNT is heading forward doing the same old thing, hoping it will keep working. The company is also weaving its products into platforms that will add value for the company and its customers.What's more, FTNT stock is already seeing its earnings estimates from analysts for the rest of the year rise, just in the past month. For these reasons, I recommend investors add Fortinet stock to their portfolios.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post 3 Reasons to Buy Fortinet Stock on This Dip appeared first on InvestorPlace.
Fortinet Inc NASDAQ/NGS:FTNTView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for FTNT with fewer than 5% of shares on loan. 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. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.96 billion over the last one-month into ETFs that hold FTNT are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Many cybersecurity stocks enjoyed a big run this year. But shifts in corporate spending to cloud computing could determine winners in 2020 and beyond.
These Tech Stocks Slumped Over 5% on May 23(Continued from Prior Part)What impacted Fortinet stock?Cybersecurity company Fortinet (FTNT) fell 5.8% on May 23 to close trading at $77.49. It seems that the broader tech sell-off on Thursday impacted
Palo Alto's (PANW) third-quarter fiscal 2019 results are likely to be driven by its strong product portfolio, which is aiding customer acquisitions.