Fortinet (FTNT) experiences fluctuating stock performance, posting both dips and advances while the market shows gains and declines. TKG Advisors, American International Group, Sanibel Captiva Trust, and Connectus Wealth have reduced their shares, while the State of Tennessee Treasury Department and Argent Capital Management increased holdings. FTNT CEO offloaded $1.44M in stock, while the CFO also sold shares. Evercore ISI, Truist Securities, and Rosenblatt Securities retained a Buy rating, but Needham & Company and StockNews downgraded to a Hold. FTNT outperformed competitors and is seen as a strong growth and long-term momentum stock with a comprehensive cybersecurity portfolio. Recent updates include upgrading the single-vendor FortiSASE solution and the FortiOS platform. The Q1 2024 earnings report surpassed projections and beat past quarter earnings and sales. The Lacework acquisition is viewed positively. Despite the bullish run, FTNT saw a drop in quarterly billings and the stock fell 27% from its 52-week high. FTNT is favored by institutional owners, holding around 70% ownership. The firm's Q1 results topped expectations despite perceived headwinds.
Fortinet FTNT News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 16 Jun 2024 18:29:24 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -5
