Group 1 - Fortinet (FTNT) has shown a year-to-date return of approximately 32.6%, outperforming the average return of 23.5% for the Computer and Technology sector [2][3] - The Zacks Consensus Estimate for FTNT's full-year earnings has increased by 18.5% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [2] - Fortinet holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable investment outlook compared to its peers [1][2] Group 2 - Fortinet is part of the Internet - Software industry, which consists of 143 companies and has gained about 22.1% year-to-date, indicating that FTNT is performing better than its industry group [3] - In contrast, Fujifilm Holdings Corp. (FUJIY), another stock in the Computer and Technology sector, has a year-to-date return of 27.7% and belongs to the Semiconductor Equipment - Photomasks industry, which has declined by 22.3% this year [2][3] - Investors should monitor both Fortinet and Fujifilm Holdings Corp. as they may continue to exhibit strong performance in their respective sectors [3]

Core Viewpoint - Fortinet will hold a conference call on November 7, 2024, to discuss its third quarter financial results, emphasizing its role as a leader in cybersecurity and the convergence of networking and security [1]. Company Overview - Fortinet (NASDAQ: FTNT) is a prominent player in cybersecurity, focusing on securing people, devices, and data globally with an extensive portfolio of over 50 enterprise-grade products [2]. - The company has over half a million customers, making its solutions among the most deployed and validated in the industry [2]. - Fortinet's commitment to enhancing global cyber resilience includes collaboration with public and private sectors, and it operates one of the largest cybersecurity training programs through the Fortinet Training Institute [2]. - FortiGuard Labs, Fortinet's elite threat intelligence organization, utilizes advanced machine learning and AI technologies to provide top-rated protection and actionable threat intelligence [2].

In the latest market close, Fortinet (FTNT) reached $76.49, with a -1.37% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.93% for the day. Meanwhile, the Dow lost 0.41%, and the Nasdaq, a tech-heavy index, lost 1.53%.The the stock of network security company has risen by 1.1% in the past month, lagging the Computer and Technology sector's gain of 2.77% and the S&P 500's gain of 2.17%.Investors will be eagerly watching for the performance of Fortinet i ...

September is generally known as the worst-performing month on Wall Street. But this year, the situation was completely different. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — were up 1.9%, 2%, and 2.7%, respectively. The broad-market benchmark — the S&P 500 — posted its first September in green since 2019. On Monday, the month ended with the Dow and the S&P 500 recording their all-time highs on both intraday and closing basis. October is also known to be highly volatile. S ...

Fortinet (FTNT) , a leading player in the cybersecurity industry, recently made it to the headlines with its continued efforts to address the critical shortage of skilled professionals in the field. The company's proactive approach to tackling one of the sector's most pressing challenges demonstrates not only strategic foresight but also a commitment to long-term growth and sustainability.The company announced significant progress in its mission to address the cybersecurity skills shortage through its Train ...

As the stock market reaches new record highs, investors are searching for the next set of winners to ride the wave of momentum into the next bull run. With a combination of strong fundamentals, top Zacks Ranks, and solid growth potential, a few stocks stand out from the crowd.Among them are HCA Healthcare ((HCA), Fortinet ((FTNT), and PayPal ((PYPL)—each offering investors impressive momentum and high forecasted earnings growth. In this article, we’ll explore why these three top-rated stocks are positioned ...

SUNNYVALE, Calif., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been named a winner in the prestigious 2024 SC Awards. Fortinet has been recognized in the Best Professional Certification Program category, for its Network Security Expert (NSE) Certification Program, which plays a crucial role in addressing the widening cybersecurity talent gap. View the full list of 2024 SC Awards winner ...

Fortinet (FTNT) closed the most recent trading day at $75.66, moving +1.31% from the previous trading session. This change lagged the S&P 500's 1.7% gain on the day. On the other hand, the Dow registered a gain of 1.26%, and the technology-centric Nasdaq increased by 2.51%.Shares of the network security company have depreciated by 0.98% over the course of the past month, outperforming the Computer and Technology sector's loss of 1.45% and lagging the S&P 500's gain of 1.27%.Analysts and investors alike will ...

JHVEPhoto When I last wrote about Fortinet (NASDAQ: NASDAQ:FTNT) on March 14, 2024, I said, "Secure Access Service Edge ("SASE") and Security Operations (SecOps) should help the company's revenue growth reaccelerate and become a reason for investors to buy the stock." The company reported its second quarter 2024 earnings on August 6, 2024, which showed revenue growth reaccelerating from 7% year over year in the first quarter to 11%, possibly ending around a year of decelerating growth. Data by YCharts T ...

Henrik Sorensen/DigitalVision via Getty Images Investment thesis: I last wrote on Fortinet (NASDAQ:FTNT) a day before 2Q24 earnings, August 5th, initiating the stock with a buy. Fortinet stock surged 38.5% since I called the bottom, as seen below, and I believe my outperform thesis on the stock remains at play. This is not for bragging purposes, but when the market was bearish on the stock after the 1Q24 pullback, I saw Fortinet’s potential driven by its “unique position in network security, particularl ...