The **cybersecurity** firm **Fortinet (NASDAQ:FTNT)** has been seeing consistent attention, with its **"Outperform" rating** being reaffirmed by Wedbush. Investor interest has been piqued, possibly as a result of its recent earnings beat and sales rise. Despite some stock market fluctuations that saw Fortinet stock fall and rise in response to broader market gains and losses, Fortinet remains a solid growth stock with strong earnings growth potential. The company has also been commended for its **cybersecurity platform and FortiOS upgrades**, with surpassing Q1 revenue and earnings estimates. Institutions highly favour Fortinet, holding a significant portion of the company. The potential undervaluation of the company has also been noted. Suggestions of the stock being a good buy have come in response to key metrics being in favour of the company, with proven successful long-term growth. Fortinet has also recently unveiled the new **FortiGate 200G Series**. The company's institutional ownership and solid CAGR over the past five years paints confidence in the stock. Despite a drop in Q3, Fortinet continues to outpace its Computer and Technology peers.
Fortinet FTNT News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Thu, 23 May 2024 08:15:31 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 0
