|Bid||77.73 x 1800|
|Ask||82.29 x 1000|
|Day's Range||77.77 - 79.20|
|52 Week Range||64.41 - 96.96|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||36.77|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||95.31|
Fortinet (FTNT) is going to consolidate NGFW security and SD-WAN services into a single platform to effectively protect data and applications of Telenor Sweden's customers.
Jack Ma retired on September 10 as executive chairman of Alibaba Group (NASDAQ:BABA) to become Bill Gates. (Or, maybe, Andrew Carnegie.)Source: zhu difeng / Shutterstock.com The Microsoft (NASDAQ:MSFT) co-founder retired at age 58 to become a full-time philanthropist and student of the world. Carnegie eventually gave away his entire fortune, worth $76 billion in 2019 dollars. Ma is retiring at age 55, he says to become a teacher.After building a company many liken to Jeff Bezos' Amazon.Com (NASDAQ:AMZN), Ma leaves a company at a crossroads under his chosen successor, Daniel Zhang.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe crossroads is between China and the world. Its way forward is the cloud. Alibaba GlobalAlibaba's base of China suffers from a depreciating currency, which the government is being forced to prop up. It's the primary victim of the Trump trade war, which is slowing growth. * 7 Best Stocks That Crushed It This Earnings Season But BABA has a way out. Alibaba's cloud, launched in 2009, is going global rapidly. It's expanding into Europe and dominating in Asia where it has a 19% marketshare, eclipsing even Amazon, with services in 15 different regions.Among Alibaba's latest partners is Equinix (NASDAQ:EQIX), a $46 billion cloud landlord whose shares are up 53% so far in 2019. Alibaba is now providing services in the U.S. through alliances with companies like Fortinet (NASDAQ:FTNT), privately-held WordPress and International Business Machine's (NYSE:IBM) Red Hat unit.While Amazon offers infrastructure and Microsoft offers a platform, Alibaba is providing a full application stack, including financial and database applications. Its targets aren't just big enterprises, but small businesses for which it will take their entire data and computing budget as they grow.Zhang now says cloud will be "Alibaba's main business in the future." That's a real change for Zhang. His first Alibaba strategy was known as "New Retail." He bought supermarkets and shopping centers, making the company look more like Walmart (NYSE:WMT) to the average Chinese consumer. Alibaba NumbersEven having delayed its Hong Kong offering due to the continuing crisis there, Alibaba is the 7th most valuable company in the world by market cap. It trails only the five U.S. "Cloud Czars" and Berkshire Hathaway (NYSE:BRK.A).After a rough May, the shares are still up nearly 30% on the year. They carry a price to earnings multiple of 50 and bring about 23% of revenue to the net income line. For its first fiscal quarter, reported in August, Alibaba had net income of nearly $2.8 billion, $1.17 per share, on revenue of $16.7 billion. That's a net income gain of 146% on just 42% more revenue.Cloud revenue was up 66%, while core commerce revenue was up just 44%, with much of that coming from logistics and consumer services. The numbers sent the stock up 11.6% over the last month, despite continuing tensions. The Bottom Line for BABA StockMa's retirement and birthday ceremony was held in the football stadium of his hometown. There he said he hopes to engage in projects that avoid any connection to politics. * 10 Stocks to Sell in Market-Cursed September But he's too big for that. That may also be true for Alibaba, and that's the only cloud on its horizon.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in BABA, MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Alibaba Stock Will Be Just Fine Without Jack Ma appeared first on InvestorPlace.
SUNNYVALE, Calif., Sept. 10, 2019 -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced that it has been.
The acquisition is expected to boost Palo Alto's (PANW) Cortex platform by implementing Zingbox's cloud-based service and advanced AI and ML technology into its security offerings.
ON Semiconductor (ON) rolls out new interface controllers which are IEEE 802.3bt standard compliant, to enable and support high-power applications.
Here we discuss five stocks that are increasingly trying to secure organizations in a hybrid cloud environment based on a Zero Trust approach.
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
The enhancements across Proofpoint's (PFPT) product portfolio will cover cybersecurity, compliance and awareness training to better assist its clients in protecting their organizations.
Palo Alto's (PANW) fourth-quarter fiscal 2019 results are likely to be driven by its strong product portfolio, which is aiding customer acquisitions.
With the extension of partnership, Fortinet (FTNT) will provide consistent security and monitoring for East-West traffic in addition to the already existing North-South traffic.
If you own an S&P; 500 index fund, yes, you own all the big-cap winners like CarMax, Fortinet and CBOE Global Markets. But probably not as much as you'd like.
SUNNYVALE, Calif., Aug. 26, 2019 -- John Maddison, EVP of products and chief marketing officer at Fortinet “We look forward to tightening our collaboration with.
President & CEO of Fortinet Inc (30-Year Financial, Insider Trades) Ken Xie (insider trades) sold 8,000 shares of FTNT on 08/21/2019 at an average price of $81.33 a share. Continue reading...
Keysight's (KEYS) robust adoption driven by high demand for 5G design and test solutions along with strong pipeline for new business bookings are key catalysts.