There have been considerable swings in Fortinet (FTNT) stocks with some instances of underperformance and reduced holdings by significant investors Stonegate Investment Group, Sarasin & Partners, and Ensign Peak Advisors. However, there was a reported increase in holdings by Cwm LLC and new investment by Distillate Capital Partners. The stocks experienced a slump, nevertheless the company reported a 6.2% jump in value and a subsequent 9.9% increase following its last earnings report. Wells Fargo's cybersecurity reseller survey reports strong performances by Fortinet in Q3, signaling potential recovery. However, Mizuho downgraded the company's rating to 'underperform'. Despite being downgraded, Fortinet has secured a partnership deal with Juventus and announced robust Q2 earnings and revenues, beating estimates. Amid the market fluctuations, Fortinet's stock soared by 25% due to strong earnings. In addition, it's been touted as a strong growth stock and an unrivaled stock for the next 10 years. Another important note is Fortinet's plan for Q3 2024 financial results and its acquisition of Lacework.
Fortinet FTNT News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Sat, 19 Oct 2024 13:37:22 GMT - Rating 2 - Innovation 4 - Information 7 - Rumor -1
