In the recent days, **Fortinet** (NASDAQ: FTNT) has been outperforming the market upswing, catching the attention of institutional investors who now own 68% of the enterprise. **Principal Financial Group Inc.** has even raised its holdings in FTNT. The company, a leading name in cybersecurity, has enhanced its outlook with a 60% surge, largely upheld by its strong positioning within AI tech. It recently announced the acquisition of **Perception Point**, revolutionizing its cyber defense capabilities. The move has been hailed by growth investors, with FTNT being christened a strong momentum stock. **Mizuho** recently raised FTNT's price target, acknowledging the company's ability to navigate AI trends and future security needs. Furthermore, FTNT has unveiled an Innovation Hub in Atlanta with a $15 million investment and expanded its cloud infrastructure to fortify its AI-driven cybersecurity. As FTNT looks forward to announcing Q3 2024 Financial Results, it also has been named Preferred Partner for Vancouver Canucks. Recently, **KeyBanc** upgraded FTNT to 'Overweight' signaling trust in the company's potential.
Fortinet FTNT News Analytics from Tue, 02 Jul 2024 07:00:00 GMT to Fri, 27 Dec 2024 20:40:52 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 5
