SUNNYVALE, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Rob Rashotte, Vice President of Global Training and Global Field Enablement at Fortinet "Fortinet is committed to making cybersecurity education and training accessible to all to address the global talent shortage; public-private partnerships play a vital role in this effort. Our collaboration with the European Commission's Cybersecurity Skills Academy is aligned with our goal of providing cybersecurity training to 1 million people globally by 2026. We ...

Cybersecurity stocks had a rough week after Palo Alto Networks (NASDAQ:PANW) reported significant growth deceleration. Total billings are expected to range from 2% to 4% in the fiscal third quarter of 2024, and a sudden shift in strategy didn’t do the corporation any favors.Many cybersecurity stocks proceeded to lose ground after the earnings report came out. While the sector has experienced some pushback due to high valuations and decelerating revenue growth, some cybersecurity stocks will likely continue ...

Fortinet (FTNT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this network security company have returned +2.3% over the past month versus the Zacks S&P 500 composite's +4.7% change. The Zacks Internet - Software industry, to which Fortinet belongs, has gained 11.1% over this period. Now the key question is: Where could the stock be headed in the near t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 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 charter) ________________________ ...

Cybersecurity stocks are capturing the spotlight as high-profile hacking incidents escalate.Moreover, with the buzz around artificial intelligence (AI) intensifying, investor interest in cybersecurity solutions continues to surge. Furthermore, anticipated federal government spending boosts in 2024 should propel the cybersecurity sector even further. In an era where digital threats are becoming increasingly sophisticated, cybersecurity companies play a critical role in safeguarding both business owners and c ...

Investing in the stock market can help individuals achieve their long-term financial goals sooner. While funds and blue-chip stocks can generate stable returns, some investors pursue growth stocks for greater potential.When growth stocks get rolling, they can comfortably outperform the market and generate value for shareholders. Many growth stocks have frothy valuations that can get smoothed out over time if financial growth remains strong. Many high-profile growth stocks captivate investors, but a few hidd ...

One of the leading cybersecurity pure-plays, Fortinet (FTNT 2.13%), just put some investor worry to rest. During the second half of 2023, Fortinet's firewall and security hardware business hit a wall after setting the world ablaze the last few years. Ample concern cropped up that this down cycle could be different from other cybersecurity hardware downturns of the past. Shares of Fortinet closed out last year with market-lagging returns (as measured against the Nasdaq Composite index). But Fortinet is off t ...

Fortinet Inc (NASDAQ:FTNT) stock is lifting the cybersecurity sector today, after the company's stronger-than-expected fourth-quarter results, announced after yesterday's close. FTNT has pared gains since its earlier surge to $73.91, but was still up 2.2% at $68.97 at last check.No fewer than 21 analysts lifted their price targets on the equity after the report, bringing the 12-month consensus price target to $74.42. Over the last month, Fortinet stock saw two downgrades despite its recent uptrend, but anal ...

Fortinet Inc. (FTNT) reported strong fourth-quarter 2023 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Moreover, both the top and bottom lines registered a steady year-over-year improvement.Fortinet reported fourth-quarter 2023 non-GAAP earnings per share (EPS) of 51 cents, which topped the Zacks Consensus Estimate by 18.6%. The bottom line improved 15.9% from the year-ago quarter’s earnings of 24 cents per share.Total revenues of $1.415 billion beat the consensus mark ...

Key TakeawaysFortinet shares jumped after the company topped analysts' fourth-quarter earnings and billings expectations amid strong demand for cybersecurity solutions.The company said it closed six deals in the fourth quarter that were each valued at over $10 million.The Fortinet share price may encounter resistance around $80.50 from the July swing high, which is also the stock's all-time high. Fortinet, Inc. Source: TradingView.com.Cybersecurity solutions company Fortinet, Inc. (FTNT) reported quarter ...