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Are Computer and Technology Stocks Lagging Fortinet (FTNT) This Year?
FortinetFortinet(US:FTNT) ZACKSยท2024-10-03 14:46

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]