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What Makes Fortinet (FTNT) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-11-14 18:00
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.Even though momentum is a popular stock char ...
The Underdog Breaks Through: Maintaining Fortinet With A Buy
Seeking Alpha· 2024-11-14 04:21
Fortinet (NASDAQ: FTNT ) reported 3Q24 earnings, and the stock dipped 5% in early post-market trading on Thursday as the company cut its full-year billings guidance to $6.43 billion- $6.53 billion, below the prior range of $6.4 billion- $6.6 billion. The market disgusted the bad news quickly, and theI’m a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickst ...
Fortinet (FTNT) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-11-13 18:51
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy ...
Fortinet Surges 18.5% Since Q3 Results: Time to Buy the Stock?
ZACKS· 2024-11-13 16:30
Fortinet's (FTNT) impressive third-quarter 2024 results have sparked renewed investor interest, with the stock surging 18.5% post-earnings. The cybersecurity giant demonstrated remarkable financial discipline, achieving record gross margin and operating margin, with the latter increasing 830 basis points to more than 36%. Total revenue growth of 13% marks a significant milestone as the company returns to positive billings and product revenue growth.Fortinet reported third-quarter 2024 non-GAAP earnings per ...
Best Momentum Stocks to Buy for November 13th
ZACKS· 2024-11-13 16:15
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 13:Toast, Inc. (TOST) : This cloud-based digital technology platform provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.Toast's shares gained 59.1% over the last three months compared with the S&P 500’s advanced of 9.7%. The company possesses a Momentum Score of A.Fortinet, Inc. (FTNT) : This cybersecurity an ...
Fortinet (FTNT) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2024-11-12 15:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...
Fortinet, Inc. (FTNT) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-11-12 15:15
Have you been paying attention to shares of Fortinet (FTNT) ? Shares have been on the move with the stock up 17.3% over the past month. The stock hit a new 52-week high of $97.35 in the previous session. Fortinet has gained 66% since the start of the year compared to the 30.4% move for the Zacks Computer and Technology sector and the 31.1% return for the Zacks Internet - Software industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our e ...
Don't Overlook Fortinet (FTNT) International Revenue Trends While Assessing the Stock
ZACKS· 2024-11-11 15:21
Did you analyze how Fortinet (FTNT) fared in its international operations for the quarter ending September 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. The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become es ...
Fortinet to Host Analyst Day on its 15-Year IPO Anniversary
GlobeNewswire News Room· 2024-11-11 14:00
SUNNYVALE, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet“As we celebrate the 15th year anniversary of our IPO, we reflect on the leading role Fortinet has played in shaping the continued evolution of cybersecurity. Innovation has been in our DNA since our inception more than 20 years ago, and with our customers at the center of everything we do, we’ve built a world-class team, developed an industry-leading portfolio of integrated ...
Fortinet(FTNT) - 2024 Q3 - Quarterly Report
2024-11-08 21:03
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 September 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 ...