CHICAGO, Sept. 10, 2024 (GLOBE NEWSWIRE) --    John Whittle, Chief Operating Officer at Fortinet  “Our investment in Chicago reflects Fortinet’s long-term commitment to delivering top-tier solutions and support for our enterprise customers across the United States and globally, always with a ‘built to last’ approach in mind. As we roll out new Innovation Hubs in strategic locations throughout 2025 and beyond, we will continue to enhance our infrastructure and innovation to provide unmatched experiences and ...

John M Lund Photography Inc Investment Thesis Fortinet's (NASDAQ:FTNT) recently concluded Q2 quarter was an enlightening revelation. On one hand, the billings slowdown persisted just as I noted in my earnings preview of Fortinet's Q2 quarter, with Fortinet's management keeping full-year CY24 billings guidance unchanged from their previous quarters. Then, on the other hand, management surprised everybody with a high-octane expansion of consolidated business margins across the board driven by increased operat ...

Which of these cybersecurity giants is a better investment?Fortinet (FTNT -0.85%) and Zscaler (ZS -3.37%) represent two different ways to invest in the expanding cybersecurity market. Fortinet provides a wide range of endpoint security services for on-premises, cloud-based, and Internet of Things (IoT) devices. Zscaler is a smaller, faster-growing provider of cloud-native "zero trust" services that treat everyone, including a company's top executives, as potential threats.Over the past 12 months, Fortinet's ...

It has been about a month since the last earnings report for Fortinet (FTNT) . Shares have added about 9.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Fortinet due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Fortinet Q2 Earnings Beat Expectations, Sales Rise Y/ ...

This cybersecurity stock has stepped on the gas, and it looks set to deliver more upside.Fortinet (FTNT 0.58%) released its second-quarter 2024 results on Aug. 6, and the stock has witnessed a massive surge of 35% since then thanks to impressive growth in its revenue and earnings that were enough to help it beat Wall Street's expectations.The cybersecurity specialist also raised its full-year revenue guidance. This further explains why the stock has made a parabolic move, a phenomenon that refers to the rap ...

Investors might want to bet on Fortinet (FTNT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...

Fortinet (FTNT) , a leading cybersecurity firm, has seen its stock surge an impressive 30.3% year to date, outpacing the Zacks Computer and Technology sector's return of 20.2% and many of its tech sector peers. 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. This robust performance comes amid a growing focus on digital security, as org ...

Fortinet (FTNT) recently announced a new partnership with Juventus Football Club. Under this sponsorship agreement, Fortinet will become Juventus’ Official Cybersecurity Partner for the next two seasons through 2026.Juventus, based in Turin, Italy, is known for its sustainability efforts and its Allianz Stadium, which serves as a major entertainment and tourist venue. Fortinet’s solutions will be implemented across several key locations in the Continassa area, including the Juventus headquarters, Allianz St ...

As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, ac ...

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Fortinet (FTNT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Fortinet is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best ...