Rosenblatt upgraded cyber security company
Fortinet (FTNT), possibly due to their development of a unified cloud-risk platform, set to enhance their security competitiveness significantly. Despite this, investment firm Federated Hermes lessened its stock holdings in FTNT. Nevertheless, the company is expected to announce quarterly earnings soon and has generated investor interest. Mixed analyst calls and updates to the FortiCNAPP cloud security platform raise questions on FTNT's valuation. TD Cowen considers the company's valuation reasonable and points to Fortinet's efforts to integrate cloud data and networks to reduce real risks. Dragging the stock down, JP Morgan lowered their price target for FTNT, maintaining an under-position. Despite the weak share prices, investment interest seems unwavering.
Retirement Systems of Alabama and
Tandem Investment Advisors took significant positions in FTNT, although companies like Mutual of America Capital Management and AustralianSuper reduced their holdings. The company's strong margins and underappreciated AI, along with the upgrading of FortiCNAPP for improved cloud risk management, paint a bullish picture for the company. TD Cowen's upgrade and Rosenblatt's price target boost drove the stock up. Reports indicate the recent share price weakness contrasts with long-term gains, painting FTNT as a strong growth stock.
Fortinet FTNT News Analytics from Fri, 08 Aug 2025 07:00:00 GMT to Sat, 31 Jan 2026 09:35:15 GMT -
Rating 5
- Innovation 4
- Information 8
- Rumor -3
