The cybersecurity specialist has underperformed the broad market recently, but there may be a turnaround on the horizon.Cybersecurity specialist Fortinet (FTNT -1.15%) hasn't been among the best performers on the stock market in the past three years with its 16% return lagging peers such as Palo Alto Networks and CrowdStrike Holdings by a wide margin. What's more, Fortinet stock has underperformed the S&P 500's 28% return over the same period.The situation hasn't improved this year, either, as the cybersecu ...

SUNNYVALE, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that KDDI leveraged Fortinet Unified SASE as a new managed secure access service edge (SASE) service. The service from KDDI utilizes Fortinet's industry-leading Unified SASE solution as the core product for its Global SASE Platform Service by Fortinet offering. The Global SASE Platform Service by Fortinet unifies and c ...

SUNNYVALE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Fortinet Unified SASE embodies our longstanding commitment to converging networking and security to deliver integrated solutions to our customers. Like most offerings across the Fortinet Security Fabric, our Unified SASE solution is powered by a single operating system and AI-powered security services that enable consistent security and user experience no matter where users are. We continue to see stro ...

SUNNYVALE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet “Fortinet Unified SASE embodies our longstanding commitment to converging networking and security to deliver integrated solutions to our customers. Like most offerings across the Fortinet Security Fabric, our Unified SASE solution is powered by a single operating system and AI-powered security services that enable consistent security and user experience no matter where users are. We continue to see stro ...

It’s been a tumultuous first half of 2024 for cybersecurity stocks as early optimism was handed a reality check amid challenging first-quarter earnings for leading industry players like Cloudflare and Fortinet (NASDAQ:FTNT). With worse-than-expected billings shortfalls pushing cybersecurity stocks lower, the complex state of the industry has been laid bare for investors. There’s little doubt that the cybersecurity industry is full of potential, and projections of market revenue to reach $185.70bn in 2024 un ...

Fortinet TodayFTNTFortinet$59.85 -0.42 (-0.70%) 52-Week Range$44.12▼$81.24P/E Ratio39.12Price Target$70.03Add to WatchlistLeading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model. The end of its growth normalization cycle may be near. Fortinet has over 650,000 customers, including Alibaba ...

These stocks may not get the headlines, but they could be highlights in your portfolio.The stock market has been on a good run lately. The S&P 500 is up 14% year to date, and the Nasdaq Composite has risen by 17%. A lot of this performance has been driven by the large, well-known tech companies in the news almost daily. However, some wonderful tech businesses don't get as much media coverage but are worth considering as investments.Here are two great tech stocks to buy right now. Each company has been repor ...

SUNNYVALE, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet"The results from our latest Global Cybersecurity Skills Gap Report highlight the critical need for a collaborative, multi-faceted approach to closing the skills gap. To effectively mitigate risk and combat today's complex threats, organizations must employ a strategic combination of leveraging the right security technology, upskilling existing security professionals through training and certifications, a ...

The most recent trading session ended with Fortinet (FTNT) standing at $58.56, reflecting a +1.07% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.18%.Heading into today, shares of the network security company had lost 4.91% over the past month, lagging the Computer and Technology sector's gain of 6.77% and the S&P 500's gain of 3.15% in that time.Investors will be ...

SUNNYVALE, Calif., June 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet“Fortinet’s 2024 State of Operational Technology and Cybersecurity Report shows that while OT organizations are making progress in strengthening their security posture, teams still face significant challenges in securing converged IT/OT environments. Adopting essential tools and capabilities to enhance visibility and protections across the entire network will be vital for these organizations when it comes ...