Fortinet (FTNT) is scheduled to report first-quarter 2024 results on May 2, after market close.The cybersecurity firm projects revenues between $1.3 billion and $1.36 billion. The Zacks Consensus Estimate for the same is pegged at $1.33 billion, suggesting year-over-year growth of 5.73%.The company forecasts first-quarter non-GAAP earnings in the range of 37-39 cents per share. The consensus mark is pegged at 38 cents per share, implying a rise of 11.76% from the year-ago figure of 34 cents.Fortinet’s earni ...

We’re still not prepared for cyberattacks. That includes the U.S. government, hospitals, corporations and millions of people all over the world. Most recently, telecom Frontier Communications (NASDAQ:FYBR) was forced to shut down certain systems following an attack on when a third party “gained unauthorized access to portions of its information technology environment,” as noted by Seeking Alpha. All of which is creating a big opportunity for leading, multibagger cybersecurity stocks.Small medical practices ...

Fortinet Recognized in Eight Gartner® Magic Quadrant™ Reports, Based on the Fortinet Security Fabric Platform SUNNYVALE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Fortinet is the only vendor recognized in the Gartner® Magic Quadrant™ reports for Security Service Edge, SD-WAN, Single-Vendor SASE, Network Firewall, and Enterprise Wired and Wireless LAN Infrastructure. All five network security offerings from Fortinet are uniquely built on one operating sys ...

In the latest trading session, Fortinet (FTNT) closed at $64.68, marking a -0.08% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.Coming into today, shares of the network security company had lost 4.17% in the past month. In that same time, the Computer and Technology sector lost 0.55%, while the S&P 500 lost 0.9%.Market participants will be closely following the financial results of ...

SUNNYVALE, Calif., April 10, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet"Our commitment to sustainability is critical to help address today's societal challenges while supporting the long-term success and resilience of our business. As part of this commitment, our work in building a safer digital world has become mission-critical and essential to our society and economy. While we are proud of the progress in this year's sustainability report, we are mindful that ad ...

Which of these resilient cybersecurity specialists is the better buy right now?Zscaler (ZS 0.73%) and Fortinet (FTNT 2.43%) are both leading cybersecurity companies, but they operate very different business models. Zscaler specializes in "zero trust" services, which treat everyone -- including a business's CEO -- as a potential threat. Instead of installing cumbersome appliances, it provides all of its tools as cloud-native services, which are stickier and easier to scale as a company grows.Fortinet is an o ...

Fortinet (FTNT) has announced the latest version of its FortiOS operating system, alongside significant enhancements to its cybersecurity platform, the Fortinet Security Fabric.FortiOS 7.6 brings a myriad of enhancements aimed at empowering customers to mitigate risk, reduce complexity and enhance user experience across their entire network. These enhancements span various critical areas, including Secure SD-WAN, secure access service edge (SASE), zero-trust network access (ZTNA), automation, provisioning, ...

SUNNYVALE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its first quarter 2024 financial results on Thursday, May 2, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. ...

The use of artificial intelligence (AI) systems in the cybersecurity industry is growing at a nice clip. Last year, AI-focused cybersecurity spending stood at an estimated $24 billion, but this figure is expected to be nearly $134 billion in 2030, according to a forecast by Statista.As such, now would be a good time for investors to buy shares of cybersecurity companies that are aggressively integrating AI tools into their platforms. Fortinet (FTNT 1.55%) is one such company, leveraging AI to drive stronger ...

Fortinet (FTNT) closed the latest trading day at $67.55, indicating a +1.24% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.63%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.82%.The the stock of network security company has fallen by 2.57% in the past month, lagging the Computer and Technology sector's gain of 1.16% and the S&P 500's gain of 1.76%.The upcoming earnings release of Fortin ...