As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, ac ...

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Fortinet (FTNT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Fortinet is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fortinet. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Did you analyze how Fortinet (FTNT) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this network security company, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must ...

Global cybersecurity leader Fortinet Inc. NASDAQ: FTNT stock has been surging following its robust Q2 2024 earnings top and bottom line beats. The company went ahead and raised its full-year 2024 guidance as a sweet cherry on top. The strong demand for its next-generation firewalls and the convergence of networking and security needs underscored the masterful performance. Record-breaking ransomware extortion and enterprise security breach headlines have put companies on guard to limit their attack surfaces. ...

da-kuk Earnings summary On August 07, 2024, share price for Fortinet (NASDAQ:FTNT) was up ~25% after it delivered a beat to both 2Q24 revenue and EPS. Revenue for the quarter came in at $1.43 billion vs consensus estimates of $1.4 billion, representing a 11% YoY increase. EPS came in at $0.57 vs consensus estimates of $0.43. Fortinet also achieved record quarterly gross and non-GAAP operating margins at 81.5% and 35.1% respectively. Gross margins improvements were led by higher product and services gros ...

da-kuk It's been 8 months since the last time I wrote about Fortinet, Inc. (NASDAQ:FTNT). Since then, the company has had a very volatile 2024. It was up +25% in March but dropped to -5% a week ago. After the Q2 earnings release, which we will discuss in detail, Fortinet's shares have surged to more reasonable prices given the quality of the business. In January, I rated the stock as a buy, and thanks to the recent rise, we have a 19.87% return compared to the S&P 500's 10.69% and the 5.36% of the security ...

Fortinet TodayFTNTFortinet$70.62 +0.69 (+0.99%) 52-Week Range$44.12▼$73.91P/E Ratio46.16Price Target$70.97Add to WatchlistFortinet NASDAQ: FTNT stock surged more than 25% following its Q2 release because it reached an inflection point. The company's lean into unified SASE and Security Ops resonates with businesses, providing a simpler approach to cloud-based cybersecurity. It is developing into a market leader, as evidenced by its ranking in Gartner Magic Quadrant reports. The company is the #1 single-sourc ...

Key TakeawaysThe S&P 500 lost 0.8% on Wednesday, Aug. 7, 2024, as the prior day's stock market rebound failed to maintain its momentum.Super Micro Computer shares lost ground after the company missed profit estimates.Record operating margins helped cybersecurity firm Fortinet top quarterly forecasts, and its shares surged. Major U.S. equities indexes reversed early gains to close lower on Wednesday, as Tuesday's stock market rebound failed to maintain its momentum. The S&P 500 slipped 0.8%, while the Nasdaq ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34511 ______________________________________ FORTINET, INC. (Exact name of registrant as specified in its char ...