Fortinet(FTNT)

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Fortinet (FTNT) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-10-28 22:56
Fortinet (FTNT) ended the recent trading session at $80.76, demonstrating a +0.52% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.27%. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq increased by 0.26%.The the stock of network security company has risen by 3.73% in the past month, leading the Computer and Technology sector's gain of 2.21% and the S&P 500's gain of 2%.The investment community will be closely monitoring t ...
3 Key Reasons to Buy Fortinet Stock Beyond the 45% Surge in 3 Months
ZACKS· 2024-10-23 17:27
Fortinet (FTNT) has emerged as a standout performer in the cybersecurity sector, with its stock surging an impressive 45% in the past three months. This remarkable performance has caught the attention of investors and analysts alike, prompting questions about the sustainability of this growth and whether the ongoing cybersecurity boom can propel the stock even higher. Here are three compelling reasons why Fortinet remains an attractive investment opportunity.3-Month PerformanceImage Source: Zacks Investment ...
Fortinet Report Finds Nearly 70% of Organizations Say Their Employees Lack Fundamental Security Awareness
GlobeNewswire News Room· 2024-10-23 13:00
Core Insights - Fortinet emphasizes the critical role of a cyber-aware workforce in managing organizational risk, especially as cyber threats become more sophisticated with the use of AI [1][2] Group 1: Key Findings from the Report - Over 60% of leaders believe that AI will make it harder for employees to spot cyber threats, with 80% indicating that awareness of AI-augmented attacks has led to greater openness to security training [2] - Nearly 70% of surveyed leaders feel their employees lack essential cybersecurity knowledge, an increase from 56% in 2023 [2] - 96% of leaders support employee security awareness training, with 89% reporting improvements in security posture post-training [4][5] Group 2: Threat Landscape - Phishing schemes have become more sophisticated due to AI, making them harder to detect, with over 80% of organizations facing attacks targeting individuals last year [3] - Phishing prevention is included in 98% of training programs, with data security and privacy also being top priorities [3] Group 3: Training Program Effectiveness - Engaging content is crucial for effective training, with 86% of decision-makers satisfied with their current solutions, though many cite a lack of engaging content as a concern [6] - The average proposed time commitment for training is three hours, with a common range of 1.1 to 2.0 hours [6] Group 4: Organizational Support and Implementation - A significant majority of leaders (96%) are motivated to implement training based on prior breaches or industry threat knowledge [5] - Fortinet's Security Awareness and Training service aims to develop a cyber-aware workforce, offering customizable content and tracking capabilities [8]
Here's Why Fortinet (FTNT) is a Great Momentum Stock to Buy
ZACKS· 2024-10-21 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Top Wall Street analysts like these stocks for their growth prospects
CNBC· 2024-10-20 12:57
Optimism around artificial intelligence has helped lift the S&P 500 in 2024, boosting key chip stocks and power plays in the utilities space.Investors seeking sustainable returns will need to look for companies with solid long-term growth potential.To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's ...
Fortinet Securing Big Money Interest
FX Empire· 2024-10-18 16:40
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Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election
GlobeNewswire News Room· 2024-10-15 13:00
SUNNYVALE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Derek Manky, Chief Security Strategist and VP of Global Threat Intelligence at Fortinet “As the 2024 U.S. presidential election approaches, it’s critical to recognize and understand the cyberthreats that may impact the integrity and trustworthiness of the election process and the welfare of the participating citizens. Cyber adversaries, including state-sponsored actors and hacktivist groups, are increasingly active leading up to major events like electio ...
Fortinet: Leading Profitability In The Cybersecurity Industry
Seeking Alpha· 2024-10-13 12:18
It's been a year since I published an article on Fortinet (NASDAQ: FTNT ), which I highly recommend reading before continuing with this one so you can fully understand my investment thesis on the company. In thatI am an investor who relies on the fundamental aspects of companies. I enjoy being the owner of the world's best businesses with strong long-term projections. To achieve this, I conduct thorough research on the companies I invest in, placing significant importance on the sector, competitive advantag ...
Fortinet: On The Road To Recovery (Rating Upgrade)
Seeking Alpha· 2024-10-10 12:40
Group 1 - Fortinet's share price has rebounded to near all-time highs following its Q2 earnings report, indicating a positive market reaction despite the results not being particularly strong [1] - The easing of hardware demand headwinds suggests that Fortinet is on track to return to steady growth and improving margins, which could enhance its long-term performance [1] Group 2 - Narweena, an asset manager led by Richard Durant, focuses on identifying market dislocations due to misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns [2] - The research process at Narweena emphasizes company and industry fundamentals to uncover unique insights, particularly in smaller cap stocks and markets with less obvious competitive advantages [2] - The investment strategy is influenced by demographic trends, such as an aging population and low growth, which may create new opportunities while some industries face stagnation or decline [2] - The current economic landscape is characterized by a shift towards asset-light businesses and a declining need for infrastructure investments, leading to increased asset prices and compressed risk premia [2]
Fortinet is the Only Leader Positioned as Highest in Ability to Execute for the Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for SD-WAN
GlobeNewswire News Room· 2024-10-04 15:00
SUNNYVALE, Calif., Oct. 04, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet"Fortinet has once again been named a Leader in the Gartner Magic Quadrant for SD-WAN, which we believe highlights our commitment to empowering customers with cutting-edge solutions. Fortinet is the only vendor recognized across five separate Magic Quadrant reports: SD-WAN, SSE, Single-Vendor SASE, Network Firewalls, and Enterprise Wired and Wireless LAN. And we will continue innovating across the Fortine ...