Dernières nouvelles pour Fortinet (NASDAQ:FTNT) Stock

Fortinet

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

Fortinet Inc

Jefferies analyst Joseph Gallo maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold and raises the price target from $95 to $105.

News

Price Target

Analyst Ratings

FTNT

Jefferies Maintains Hold on Fortinet, Raises Price Target to $105

35 analysts have shared their evaluations of Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">9</td>
<td align="right">10</td>
<td align="right">14</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">9</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Fortinet, presenting an average target of $94.46, a high estimate of $115.00, and a low estimate of $68.00. Observing a 15.28% increase, the current average has risen from the previous average price target of $81.94. 
<img src="https://www.benzinga.com/files/images/story/2024/1734613221_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Fortinet. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$103.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Brian Essex</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$99.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Underperform</td>
<td>$78.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$105.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$110.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Tal Liani</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$104.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$105.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Shaul Eyal</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$105.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$100.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Dan Bergstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$97.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$90.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Jonathan Ruykhaver</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Hamza Fodderwala</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$106.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$90.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Raises</td>
<td>Buy</td>
<td>$111.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Adam Tindle</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Roger Boyd</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$83.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$85.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$88.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Yi Fu Lee</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Underperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Shaul Eyal</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fortinet. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fortinet compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Fortinet's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Fortinet's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FTNT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fortinet analyst ratings.</a>
<h2>Get to Know Fortinet Better</h2>
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
<h3>Financial Insights: Fortinet</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Fortinet showcased positive performance, achieving a revenue growth rate of 13.0% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Fortinet's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 35.8%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Fortinet's ROE excels beyond industry benchmarks, reaching 90.26%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Fortinet's ROA stands out, surpassing industry averages. With an impressive ROA of 6.39%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 1.09, Fortinet faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Fortinet Through The Eyes Of 35 Analysts

Keybanc analyst Eric Heath upgrades Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) from Sector Weight to Overweight and announces $115 price target.

Upgrades

Keybanc Upgrades Fortinet to Overweight, Announces $115 Price Target

WIIM

ADBE

ADSK

AGYS

APPN

ASAN

BILL

BTCS

BTDR

BTOG

CDNS

CLSK

CRWD

CWAN

CYBR

DDOG

DOCU

DSGX

ESTC

ETWO

EVCM

EXFY

FICO

FRSH

GREE

GRYP

HTCR

HUBS

INTU

KVYO

LMFA

LSPD

MANH

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

MSFT

NCTY

NICE

NTNX

PANW

PATH

PCOR

PRCH

RAMP

RBRK

SDIG

SNPS

TEAM

TRAK

TZUP

UPLD

Shares of stocks in the broader software sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Stifel analyst Adam Borg maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold and raises the price target from $90 to $103.

Stifel Maintains Hold on Fortinet, Raises Price Target to $103

JP Morgan analyst Brian Essex maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and raises the price target from $99 to $105.

JP Morgan Maintains Neutral on Fortinet, Raises Price Target to $105

Mizuho analyst Gregg Moskowitz maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Underperform and raises the price target from $68 to $78.

Mizuho Maintains Underperform on Fortinet, Raises Price Target to $78

Financial giants have made a conspicuous bearish move on Fortinet. Our analysis of options history for Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $154,235, and 5 were calls, valued at $280,621.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $105.0 for Fortinet over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Fortinet's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Fortinet's substantial trades, within a strike price spectrum from $75.0 to $105.0 over the preceding 30 days.
<h3>Fortinet 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734023823_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$25.9</td>
<td>$25.0</td>
<td>$25.0</td>
<td>$97.50</td>
<td>$127.5K</td>
<td>0</td>
<td align="right">51</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.48</td>
<td>$1.47</td>
<td>$1.47</td>
<td>$105.00</td>
<td>$73.5K</td>
<td>2.5K</td>
<td align="right">686</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$5.4</td>
<td>$5.35</td>
<td>$5.4</td>
<td>$95.00</td>
<td>$62.1K</td>
<td>152</td>
<td align="right">115</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$4.05</td>
<td>$3.85</td>
<td>$3.9</td>
<td>$77.50</td>
<td>$58.6K</td>
<td>1.3K</td>
<td align="right">512</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$6.35</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$97.50</td>
<td>$33.4K</td>
<td>104</td>
<td align="right">436</td>
</tr>
</tbody>
</table>

<h3>About Fortinet</h3>
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
After a thorough review of the options trading surrounding Fortinet, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Fortinet</h3>
<ul>
<li>With a volume of 1,061,058, the price of FTNT is up 0.17% at $98.21. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 54 days.</li>
</ul>
<h3>Professional Analyst Ratings for Fortinet</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $101.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Baird has decided to maintain their Outperform rating on Fortinet, which currently sits at a price target of $100. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Fortinet, targeting a price of $105. 
&#x2A; An analyst from Wedbush has decided to maintain their Outperform rating on Fortinet, which currently sits at a price target of $105. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Fortinet, targeting a price of $110. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Fortinet with a target price of $85. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Fortinet, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Fortinet Unusual Options Activity

ADEA

BRZE

BTBT

CFLT

CIFR

MNDY

MSTR

NVNI

ORCL

QUBT

RIOT

SOUN

WDAY

WULF

Shares of stocks in the broader software sector are trading higher. Some names may be moving following better-than-expected earnings from Salesforce and Okta.

Morgan Stanley analyst Keith Weiss noted that <a target="_blank" href="https://www.benzinga.com/topic/cybersecurity" rel="noreferrer noopener">cybersecurity</a> remains a top spending priority for organizations globally.
Weiss noted longer-term tailwinds are intact as recent technological advancements (GenAI, Public Cloud) expand the attack surface area, creating new product opportunities for securing AI and leveraging AI to automate security operations.
In the near term, the analyst flagged risks investors might not fully appreciate heading into 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42272073/sofi-tech-could-become-american-express-of-fintech-analyst-says" rel="noreferrer noopener">This Analyst Downgrades Upstart But Says SoFi Tech Could Become &#8216;American Express&#8217; Of Fintech</a>
While the spending environment is showing signs of stability post-US elections, budgets remain tight, with CIOs and CISOs looking to consolidate multiple vendors. Some of the most significant security players (Palo Alto Networks, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>) and CrowdStrike Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)) have only recently increased near-term discounting and &#8220;platformization&#8221; efforts to drive consolidation and accelerate share gains. This is likely to have a broader negative pricing impact in 2025.&nbsp;&nbsp;
The average security company derives ~7% of sales from the U.S. Public Sector. The Federal government spent over $20 billion annually on security products and services (+10% CAGR over the last 5 years), which has been a significant source of growth for security vendors in recent years.
With the incoming U.S. administration proposing substantial cuts to federal spending through initiatives like DOGE (Department of Government Efficiency) and recent reports of downsizing CISA (Cybersecurity and Infrastructure Security Agency), this could be a headwind to IT/security budgets next year.&nbsp;&nbsp;&nbsp;
After a significant rise in 2023, there are emerging signs that ransomware attacks may be peaking. Security stocks have outperformed broader software driven by multiple expansions on negative estimate revisions.
Current security valuations are above the broader software and longer-term average, reflecting improving future growth rates and a more balanced risk-reward.&nbsp;&nbsp;
Weiss sought idiosyncratic opportunities in companies with emerging product cycles, particularly those aligned with GenAI. This includes Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), which has a chance in Edge AI inference.
The analyst also favors&nbsp;Fortinet, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) and Palo Alto Networks, given the network security refresh in the second half of fiscal 2025 and 2026. Turnaround stories such as Okta, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) also commanded the analyst&#8217;s attention.
Weiss noted Fortinet as a multi-year positive revisions story with firewall refresh demand sustaining through 2027 and higher software attach rates driving stronger-for-longer recurring services growth from the refresh cycle.
The analyst favored Okta due to the stabilizing demand environment, the easing of competitive headwinds, and the beginning of newer product cycles.
Weiss also flagged Varonis Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) as the SaaS transition tailwind drives a further acceleration in ARR growth for the next 2-3 quarters and a stronger position as a GenAI enabler becomes more apparent given the rising priority of data security/governance.
Weiss upgraded Cloudflare from Equal-Weight to Overweight and raised the <a target="_blank" href="https://www.benzinga.com/quote/NET/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$92&nbsp;to&nbsp;$130</a>. The analyst upgraded Okta from Equal-Weight to Overweight and raised the <a target="_blank" href="https://www.benzinga.com/quote/OKTA/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$92&nbsp;to&nbsp;$97</a>.
In the longer term, Weiss continues to favor platform consolidators Palo Alto Networks and CrowdStrike Holdings but noted a minor upside in the near term as both deliberately discounted to consolidate market share in the longer term. Multiples for both stocks are above historical averages.
The analyst flagged a more favorable setup for both in the second half of fiscal 2025.
Price Actions: NET stock is up 6.52% at $106.34 at the last check on Monday. OKTA is up 3.79%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42265010/amazon-and-walmart-dominate-black-friday-as-online-sales-soar-146" target="_blank" rel="noreferrer noopener">Amazon And Walmart Dominate Black Friday As Online Sales Soar 14.6%</a></li>
</ul>
Image via Shutterstock

Movers

Tech

Trading Ideas

OKTA

VRNS

Generative AI Backed Cybersecurity Stocks Cloudflare, Okta Have Near-Term Upside: Analyst

News Summary NHL Vancouver Canucks and <a href="https://www.globenewswire.com/Tracker?data=1RElFOHHM9Hrx35IZLwu_gN-thaORWtVvwSCxwWtrYHpQqykF_Ur3T9fyHuvsAbWKUneYheRgs8StIhaHMKl3vzAu1fcjUaii08MUgKk8MxTCqHB4RPPFEjRm0fmLCmb">Fortinet</a>&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), the global cybersecurity leader driving the convergence of networking and security, today announced that Fortinet has become the new Preferred Partner for the 2024–2025 season. Canucks Sports &amp; Entertainment (CSE) has chosen Fortinet's industry-leading Security Fabric platform to reduce complexity and streamline the identification and remediation of network and security issues across the group's facilities.
CSE is one of the premier sports and entertainment companies in North America. In support of their goal to create inspiring moments and unforgettable experiences for their fans, CSE has deployed several Fortinet solutions at its central data center to help secure the <a href="https://www.globenewswire.com/Tracker?data=Kb7OfT7oxX0jDuicvmh8cJt8RPHhXT60Lpc12UOj4m83LO-dI6Kp7DrnG1lBK2IQGGvmLwXZSENl0V5AEvshqw==">Rogers Arena</a>, home to <a href="https://www.globenewswire.com/Tracker?data=qTxrrHUC31LUokN4-g52kiu0jcmqz41L2Z6-unaABuy76R_fTeafGWzUuoJ4p1nEQYDVIio48fZwkiUNgp8Nit1t6QHYVOAOtH4yRlV5Il8=">NHL Vancouver Canucks</a> and its fans, the Canucks Training Camp facilities, and the eSports team <a href="https://www.globenewswire.com/Tracker?data=9GSVUwmNZHbtHDEyyqngYdTwdg_2KYTVBwYXGZ8NEC6ruv-G5oTen4KSS1kXPrjhYucMU-_YlVzK2VwSEZevAzWfFgBQA7YPkcIu87sDA9Y=">Vancouver Surge</a>.

Vancouver Canucks Hockey Team Announces Fortinet As Its Preferred Partner, Selects Fortinet Security Fabric Platform And Secure SD-WAN To Reduce Complexity And Streamline The Identification And Remediation Of Network And Security Issues Across The Group's Facilities.

Needham analyst Matt Dezort reiterates Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Fortinet

Truist Securities analyst Joel Fishbein reiterates Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Buy and raises the price target from $85 to $105.

Truist Securities Reiterates Buy on Fortinet, Raises Price Target to $105

Scotiabank analyst Patrick Colville maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Sector Outperform and raises the price target from $85 to $110.

Scotiabank Maintains Sector Outperform on Fortinet, Raises Price Target to $110

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Macquarie boosted the price target for Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) from $75.4 to $80.8. Macquarie analyst Ellie Jiang maintained an Outperform rating. Trip.com shares closed at $62.74 on Tuesday. <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital increased the price target for Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from $43 to $45. RBC Capital analyst Scott Hanold downgraded the stock from Outperform to Sector Perform. Northern Oil and Gas shares closed at $41.08 on Tuesday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Chardan Capital raised Arbutus Biopharma Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABUS#NASDAQ">ABUS</a>) price target from $4.5 to $5. Chardan Capital analyst Keay Nakae maintained a Buy rating. Arbutus Biopharma shares settled at $3.49 on Tuesday. <a href="https://www.benzinga.com/quote/ABUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) price target from $3 to $2. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Super League Enterprise shares closed at $0.6811 on Tuesday. <a href="https://www.benzinga.com/quote/SLE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies slashed AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) price target from $240 to $230. Jefferies analyst Greg Konrad upgraded the stock from Hold to Buy. AeroVironment shares closed at $194.89 on Tuesday.  <a href="https://www.benzinga.com/quote/AVAV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan boosted Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) price target from $32 to $39. JP Morgan analyst Andrea Teixeira upgraded the stock from Underweight to Neutral. Energizer shares closed at $37.25 on Tuesday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group boosted the price target for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) from $92 to $100. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Walmart shares settled at $86.60 on Tuesday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) price target from $90 to $100. Rosenblatt analyst Catharine Trebnick maintained a Buy rating. Fortinet shares closed at $90.79 on Tuesday. <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt increased the price target for Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) from $98 to $100. Rosenblatt analyst Steven Frankel maintained a Buy rating. Dolby shares closed at $70.91 on Tuesday. <a href="https://www.benzinga.com/quote/DLB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) price target from $163 to $180. Baird analyst Richard Eastman maintained an Outperform rating. Fortinet shares closed at $152.13 on Tuesday. <a href="https://www.benzinga.com/quote/KEYS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>

Pre-Market Outlook

ABUS

AVAV

KEYS

TCOM

Walmart To Rally More Than 15%? Here Are 10 Top Analyst Forecasts For Wednesday

Rosenblatt analyst Catharine Trebnick maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Buy and raises the price target from $90 to $100.

Rosenblatt Maintains Buy on Fortinet, Raises Price Target to $100

On November 7, Fortinet reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41828399/fortinet-q3-earnings-revenue-beat-eps-beat-billings-up-6-shares-slide" rel="noreferrer noopener">third-quarter revenue</a> of $1.51 billion, up 13%, topping the&nbsp;consensus estimate&nbsp;of $1.48 billion. Product revenue was up 1.7% to $473.9 million. Service revenue grew 19.1% to $1.03 billion. Billings of $1.58 billion were up 6.1%.
The company expects fourth-quarter revenue of $1.56 billion-$1.62 billion versus a consensus of $1.59 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42061321/vipshop-q3-earnings-revenue-beats-estimates-despite-order-decline-strong-margins-amid-soft-sales-reveals-q4-guidance-and-share-buybacks" rel="noreferrer noopener">Vipshop Beats Q3 Estimates Despite Sales Dip, Focuses On Long-Term Resilience</a>
Several Wall Street analysts rerated Fortinet, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) after attending the 2024 analyst day.
<ul>
<li>Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated Fortinet with a Neutral and raised the <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $88 to $95</a>.</li>
<li>RBC Capital analyst Dan Bergstrom maintained Fortinet with a Sector Perform and raised the price target from $82 to $97.</li>
<li>BMO Capital analyst Keith Bachman raised the price target on Fortinet to $100 from $88 and reiterated a Market Perform rating on the shares.</li>
<li>BofA Securities analyst Tal Liani raised the price target on Fortinet to $104 from $87 and maintained a Buy rating on the shares.</li>
<li>Piper Sandler analyst Rob Owens reiterated a Hold rating on Fortinet and set a price target of $100, up from $80.</li>
<li>Goldman Sachs analyst Gabriela Borges maintained a Buy rating on Fortinet with a price target of $100, up from $91.</li>
</ul>
Cantor Fitzgerald: Ruykhaver maintained a neutral rating for Fortinet following its well-attended analyst day in New York, highlighting significant updates to long-term financial targets, product refresh insights, and robust growth strategies. The price target boost reflects an improved demand outlook and execution strength.
Fortinet expects approximately 25% of its installed base, representing 650,000 devices, to reach end-of-support in 2026. Customers will likely begin device upgrades in the first half of 2025, contributing an estimated $400 million–$450 million in additional product revenue.
This refresh could boost overall revenue by 4%–5%. Further upside may stem from Fortinet&#8217;s strategy of transitioning customers away from competitor contracts and additional cycles projected for 2027, with 350,000 more devices reaching end-of-support.
The company introduced its new &#8220;Rule of 45&#8221; target, combining revenue growth and operating margins to exceed 45%. Fortinet outlined goals of a 12% compound annual revenue growth rate (CAGR) and operating margins above 30%. Ruykhaver anticipates Fortinet surpassing this benchmark in fiscal 2025 and fiscal 2026, forecasting combined metrics of 46.3% and 48.2%, respectively, showcasing its commitment to long-term operational excellence.
Fortinet continues to gain traction among large enterprises, with 70% adopting SD-WAN functionality, 60% deploying hybrid virtual machines, and 8% adding security service edge (SSE) solutions.
Over 70% of enterprise customers have integrated firewalls, switches, and access points, supporting Fortinet&#8217;s convergence strategy. The company also cited consolidation benefits, with some organizations reducing security solutions from 200 to 60 by adopting Fortinet&#8217;s unified platform.
Fortinet reaffirmed its 2024 margin guidance of 80.8% gross margins and 33.4% operating margins. However, higher marketing investments to drive growth may result in slight margin reductions, with long-term gross margins normalizing to 79%–80%.
The analyst said Fortinet&#8217;s relatively low 26% U.S. revenue share compared to a commanding 70% firewall market share in Latin America. Expansion in the U.S. enterprise market is seen as a critical growth opportunity.
Fortinet outlined ambitious three-to-five-year targets, including 12% billings and revenue CAGR, 30% operating margins, mid-to-high 30% adjusted free cash flow (FCF) margins, and Rule of 45 compliance.
Ruykhaver projected fiscal 2025 revenue of $6.64 billion and EPS of $2.54. He projected fiscal 2026 revenue of $7.50 billion and EPS of $2.87.
RBC Capital: Bergstrom expressed optimism about Fortinet following its investor day, highlighting key growth opportunities and updates to financial targets.
The focus was on the customer journey across Secure Networking, Unified SASE, AI-driven SecOps, and the upcoming product refresh. Despite mixed reactions to the medium-term targets, the analysis emphasized a compelling long-term outlook, leading to an increased price target, reflecting the calendar year 2025 EV/FCF multiple of 32.5x.
Fortinet detailed cross-sell and upsell opportunities in Secure Networking, SASE, and SecOps. The analyst noted significant revenue potential, with Secure Networking starting from Data Center Firewalls and expanding through products like LAN/WLAN and 5G/OT for up to a 5x upsell.
Similarly, SASE growth builds from Edge Firewalls to Secure SD-WAN, culminating in Universal ZTNA for a 3x upsell. SecOps growth strategies revolve around advanced subscriptions and AI-driven SecOps, presenting up to a 4x upsell.
Bergstrom is optimistic about Fortinet&#8217;s 2025-2026 product refresh cycle, noting a significant increase in end-of-life units by 2026, which is expected to drive substantial upgrade activity.
With over 700,000 end-of-life units projected for 2026—10x the historical average—the refresh cycle could deliver robust product and service revenue. An additional refresh in 2027 with 350,000 units is expected to sustain growth.
Fortinet set medium-term targets, including 12%+ annual billings and revenue growth, operating margins exceeding 30%, and FCF margins in the mid-to-high 30% range.
The analyst updated his 2025 revenue estimate to $6.59 billion, with EPS adjusted to $2.21. 2026 revenue projections increased to $7.38 billion, with EPS revised to $2.40. These adjustments align with Fortinet&#8217;s focus on achieving the Rule of 45—a combination of revenue growth and operating margins.
BMO Capital: Bachman retained a neutral stance on Fortinet following its 2024 analyst day, emphasizing its medium-term growth prospects, significant refresh opportunities, and investments in emerging technologies.
The price target boost reflects increased confidence in Fortinet&#8217;s long-term strategy and growth potential.
Fortinet outlined three- to five-year targets, including a 12% compound annual growth rate (CAGR) for billings and revenue, operating margins exceeding 30%, and adjusted free cash flow (FCF) margins in the mid-to-high 30% range.
The analyst noted Fortinet&#8217;s efforts to achieve the &#8220;Rule of 45,&#8221; where the sum of revenue growth and operating margin meets or exceeds 45%. While near-term margins may face headwinds from increased R&amp;D and go-to-market (GTM) investments, these efforts are expected to bolster long-term growth.
The 2026 refresh cycle involves 650,000 devices reaching end-of-support, representing $400–450 million in potential product revenue over two years. Bachman anticipates incremental revenue growth from upsell opportunities as customers upgrade low-end firewalls and adopt Fortinet&#8217;s broader solutions.
Additional refresh cycles are expected in 2027, involving even larger device volumes, creating sustained revenue opportunities through the decade&#8217;s end.
Fortinet highlighted Unified Secure Access Service Edge (SASE) as a key growth area, targeting its installed base of 40,000 SD-WAN customers. Analysts view SASE functionality embedded in FortiGates and FortiOS as a competitive advantage, enabling seamless upsell opportunities.
While Secure Networking contributes most of Fortinet&#8217;s billings (67%), SASE and Secure Service Edge (SSE) offerings are growing faster, positioning the company for increased billings in these categories.
Fortinet increased its total addressable market (TAM) projection from $183 billion in 2024 to $284 billion by 2028.
Security Operations now represents 57% of this TAM, highlighting its growing importance. The remaining TAM is divided among Secure Networking (26%) and Unified SASE (16%), with respective CAGRs of 13%, 7%, and 16% through 2028. Bachman noted Fortinet&#8217;s solutions can outpace market growth in these segments.
Fortinet continues to expand its network of points of presence (PoPs), aiming to provide cost-efficient, localized infrastructure for customers. Management anticipates these investments will take 5–10 years to deliver substantial returns, but early adoption by 70% of customers highlights their cost-effectiveness.
While PoPs may weigh on near-term free cash flow margins, they are expected to strengthen Fortinet&#8217;s long-term competitive positioning. Bachman projected fiscal 2025 revenue of $6.7 billion and EPS of $2.61.
BofA Securities: Liani remains optimistic about Fortinet&#8217;s long-term growth potential following its recent analyst day.
The company outlined strong three- to five-year guidance, supported by upcoming firewall refresh cycles, robust Unified SASE and Security Operations growth, and expanding recurring revenue streams. The price target boost reflects improved business trends and a higher valuation multiple.
Fortinet expects a substantial revenue boost from the 2026 end-of-support cycle for 650,000 FortiGate units, translating to a $400–$450 million product revenue opportunity.
An additional 350,000 units are projected to reach end-of-support in 2027. The analyst highlighted the company&#8217;s history of strong refresh-driven growth, including a 30% year-over-year product revenue increase in 2022, excluding acquisitions.
Despite management&#8217;s lack of 2025 guidance, analysts anticipate product revenue growth exceeding Street estimates of 6.6%.
New product initiatives are gaining traction, with Unified SASE annual recurring revenue (ARR) growing 22% year-over-year and Security Operations ARR rising 64% last quarter. Secure Service Edge (SSE), a minor component of SASE, posted a remarkable 500% ARR growth from a low base.
Fortinet plans to enhance disclosures of remaining performance obligations (RPO), which grew 15% year-over-year last quarter, reflecting its increasing SaaS revenue mix.
The company set long-term goals for 12% annual revenue and billings growth, aligning with blended market rates but exceeding competitors across all product categories in recent years.
Liani noted potential upside as Fortinet consistently outpaces market growth. The updated Rule of 45 targets (revenue growth plus operating margin) further underscores the company&#8217;s focus on profitability, replacing the previous Rule of 40 benchmarks.
Management projects gross margins of 79–80% over the long term, slightly below the 2024 guidance of 80.8%, due to a higher product revenue mix.
Operating margins are expected to stabilize around 32–33%, driven by investments in sales, marketing, and the integration of the Lacework acquisition. Adjusted free cash flow margins are projected to exceed 35% long term, with near-term margins potentially higher, despite cloud infrastructure investments.
Liani projects fiscal 2025 revenue of $6.61 billion and EPS of $2.42. The analyst expects fiscal 2026 revenue of $7.43 billion and EPS of $2.69.
Piper Sandler: Owens came away from Fortinet&#8217;s recent analyst day with a deeper understanding of the company&#8217;s growth strategies, long-term targets, and product refresh opportunities. While the updated guidance aligns broadly with expectations, analysts remain cautious about the near-term impact of initiatives.
Fortinet&#8217;s unified operating system and custom ASIC architecture remain foundational to its success. This approach strengthens its ability to cross-sell newer solutions within its large customer base while offering a distinct value proposition compared to competitors.
Owens noted this strategy positions Fortinet for continued market share growth.
Fortinet expects significant contributions from its upcoming firewall refresh cycle. With 650,000 FortiGate units set to reach end-of-support in 2026, management forecasts $400–$450 million in incremental product revenue from these upgrades over two years, with another 350,000 units due for a refresh in 2027.
The refresh is also expected to drive cross-sell opportunities, introducing customers to Fortinet&#8217;s expanding portfolio.
Fortinet updated its medium-term targets, projecting over 12% annual growth in revenue and billings, more than 30% operating margins, and free cash flow margins in the low-to-mid 30% range.
These figures support the company&#8217;s ambition to maintain a Rule of 45 profile, combining growth and margin efficiency. Owens considers these targets achievable, given the strong underlying market dynamics.
Unified SASE annual recurring revenue (ARR) grew 22% year-over-year in Q3 to $984 million, with a total addressable market (TAM) expected to reach $46 billion by 2028.
SecOps ARR increased by 64% year-over-year to $444 million, with a TAM forecasted to grow to $163 billion in the same period. Analysts see these offerings as critical to Fortinet&#8217;s capture of enterprise market share.
Fortinet plans to strengthen its position among large enterprise customers, especially in the U.S., which currently accounts for 40% of its business. Efforts include increased direct sales hiring, smaller territories for a more profound account focus, and strategic marketing initiatives. Fortinet&#8217;s organically developed platform differentiates it from competitors relying on acquisitions for growth.
The updates provide a more precise roadmap for Fortinet&#8217;s enterprise-level expansion and momentum in SASE and SecOps. However, the benefits of the refresh cycle and go-to-market investments may take time to materialize, keeping analysts cautious in the short term.
Owens expects fiscal 2025 revenue of $6.62 billion and EPS of $2.35. The analyst projects fiscal 2026 revenue of $7.48 billion and EPS of $2.64.
Goldman Sachs: Borges is optimistic about Fortinet following its recent analyst day in New York, highlighting promising long-term growth opportunities and a strategic focus on emerging products beyond its core firewall business.
The updated price target reflects expectations for both cyclical and secular growth drivers.
Fortinet shared its updated 3-5 year growth targets, projecting over 12% revenue and billings CAGR, with operating margins exceeding 30%. The analyst said these targets are conservative, given Fortinet&#8217;s historical outperformance and proven ability to gain market share in secure networking and firewalls.
Free cash flow (FCF) margins are forecasted in the mid-to-high 30% range, supported by continued growth across its product portfolio.
A significant refresh cycle is expected to begin in 2025, as approximately 25% of Fortinet&#8217;s installed base—around 650,000 units—reaches end-of-support by 2026. Management anticipates $400–$450 million in additional revenue from these upgrades over two years.
Borges noted that the upsell opportunity for low-end firewalls remains substantial, with management estimating a $12 incremental revenue potential for every $1 in firewall sales.
This includes $5 from secure networking, $3 from SASE, and $4 from Security Operations.
Fortinet continues to expand its footprint in Secure Access Service Edge (SASE), with annual recurring revenue (ARR) growing 22% year-over-year to $984 million. The analyst is encouraged by the scalability of Fortinet&#8217;s unified SASE architecture, which reduces costs compared to competitors and aligns with customer demand for integrated solutions.
The SASE TAM is expected to grow at a 16% CAGR, reaching $46 billion by 2028.
Fortinet disclosed an ARR of $1.4 billion, accounting for 23% of total annualized revenue, with significant contributions from emerging offerings like SD-WAN and SSE.
The company also highlighted its growing opportunity in operational technology (OT) security, with growth above 15% annually, fueled by increasing demand from industries lagging in digital transformation.
Fortinet plans to increase its sales force and reduce the number of accounts per manager to capitalize on enterprise market opportunities. These initiatives aim to address capacity constraints and enhance penetration into large enterprises, particularly in the U.S., which remains a critical growth area.
Borges raised Fortinet&#8217;s free cash flow estimates for 2025 and 2026 to $2.19 billion and $2.67 billion, respectively, from prior forecasts of $2.04 billion and $2.50 billion.
While short-term benefits from the refresh cycle and SASE momentum are anticipated, analysts highlight the need for execution in critical areas, particularly in the enterprise market. Fortinet remains a strong contender in secure networking, with an evolving portfolio that aligns with emerging market demands. Borges projects fiscal 2025 revenue of $6.74 billion and EPS of $2.45. The analyst expects fiscal 2026 revenue of $7.81 billion and EPS of $2.94.
Price Action: FTNT stock closed lower by 1.19% at $90.79 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/42057142/twitters-chinese-peer-weibo-q3-earnings-beats-expectations-advertising-stabilizes-vas-growth-shines-more" target="_blank" rel="noreferrer noopener">Twitter&#8217;s Chinese Peer Weibo Q3 Earnings: Beats Expectations, Advertising Stabilizes, VAS Growth Shines &amp; More</a></li>
</ul>
Photo by JHVEPhoto via Shutterstock

Analyst Color

Fortinet Targets 45% Growth-Margin Combo, $450 Million Refresh Boost: Analysts See Big Upside

B of A Securities analyst Tal Liani maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Buy and raises the price target from $87 to $104.

B of A Securities Maintains Buy on Fortinet, Raises Price Target to $104

Wedbush analyst Daniel Ives maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Outperform and raises the price target from $90 to $105.

Wedbush Maintains Outperform on Fortinet, Raises Price Target to $105

Piper Sandler analyst Rob Owens maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and raises the price target from $80 to $100.

Piper Sandler Maintains Neutral on Fortinet, Raises Price Target to $100

Microsoft and more big software names look to grow in 2025 on AI monetization: Stifel

KeyBanc analyst Eric Heath upgraded Fortinet (FTNT) to Overweight from Sector Weight with a $115 price target The firm is more positive on an indus...

Fortinet upgraded to Overweight from Sector Weight at KeyBanc

In a report released today, Eric Heath from KeyBanc upgraded Fortinet (FTNT – Research Report) to a Buy, with a price target of $115.00. The compan...

Fortinet (FTNT) was upgraded to a Buy Rating at KeyBanc

Okta, Fortinet, C3.ai in focus as KeyBanc switches ratings

Fortinet: Solid Growth But Overvalued After Recent Run

Cybersecurity stocks are safeguarding the digital future with cutting-edge solutions and rapid market growth. Amid this backdrop, investors might consider adding three fundamentally strong cybersecurity stocks, CrowdStrike Holdings (CRWD), Palo Alto Networks (PANW), and Fortinet (FTNT), to their watchlists. Keep reading… As the digital landscape expands, cybersecurity has become an essential focus for businesses, governments, and individuals. The surge in cyber threats, including ransomware and phishing attacks, has amplified the demand for robust cybersecurity solutions. This has resulted in unprecedented demand for cybersecurity company's services.
Therefore, investors might consider keeping an eye on three quality cybersecurity stocks: CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>), Palo Alto Networks, Inc. (<a href="https://stocknews.com/stock/PANW/">PANW</a>), and Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>) for long-term growth opportunities.
With the rise in ransomware attacks causing billions has been a common scene this year. In the third quarter of 2024, an average of 1,876 cyber-attacks per organization was recorded globally, an <a href="https://blog.checkpoint.com/research/a-closer-look-at-q3-2024-75-surge-in-cyber-attacks-worldwide/">increase of 75% year-over-year</a>.
North America recorded the most published ransomware attacks, accounting for 57%. Gartner predicts that worldwide spending on information security is anticipated to be<a href="https://www.gartner.com/en/newsroom/press-releases/2024-08-28-gartner-forecasts-global-information-security-spending-to-grow-15-percent-in-2025"> $212 billion by 2025</a>, marking it a 15.1% increase from 2024.
Cybersecurity firms are in charge of innovative technologies, leveraging AI and machine learning <a href="https://www.sentinelone.com/cybersecurity-101/data-and-ai/ai-threat-detection/">to provide proactive threat detection and mitigation</a>. This process will analyze vast amounts of data from various sources to identify patterns and anomalies that could indicate potential attacks, enabling security teams to take action before significant damage occurs.
Moreover, the global cybersecurity market is projected to reach $562.72 billion by 2032, <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">growing at a CAGR of 14.3%</a>. This creates a promising outlook for established players and emerging firms in the sector.
Let's now discuss the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks highlighted above, starting with number three.
Stock #3: CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>)
CRWD is a global cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company's Falcon platform is designed for cybersecurity consolidation and is purpose-built to stop breaches. The platforms collect and integrate data from across the enterprise, including endpoints, cloud workloads, identities, and third-party sources.
On December 4, CRWD announced its expanded integration with Amazon Web Services (AWS) to help secure end-to-end AI innovation in the cloud. This integration brings end-to-end visibility and protection across the entire AI ecosystem built on AWS with the help of CRWD's Falcon cybersecurity platform.
On November 7, CRWD announced an expanded distribution partnership with Ignition Technology, bringing the CrowdStrike Falcon&#xAE; cybersecurity platform to Ignition's partner base in Ireland. This partnership should enable CRWD to continue expanding its global footprint all across Europe.
CRWD's <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> for the third quarter (ended October 31, 2024) increased 28.5% year-over-year to $1.01 billion. The company reported a gross profit of $755.09 million, indicating an 11% growth from the prior year quarter. Its non-GAAP income from operations grew 16.1% from the same period last year to $194.92 million. CRWD's attributable non-GAAP net income came in at $234.26 million and $0.93 per share, up 17.6% and 13.4% year-over-year, respectively.
For the full year 2025, CRWD expects total revenue to be between $3.92 billion and $3.93 billion and non-GAAP income from operations to range from $804.40 million to $809.40 million. The company also expects non-GAAP net income to fall between $937.50 million and $942.60 million, or $3.74 and $3.76 per share.
Analysts expect CRWD's revenue for the fourth quarter (ending January 2025) to increase 22.4% year-over-year to $1.03 billion. However, the consensus EPS estimate of $0.86 for the same period indicates a 9.6% year-over-year decline. For the fiscal year ending January 2025, Street expects CRWD's revenue and EPS to grow 28.6% and 21.7% from the prior year to $3.93 billion and $3.76, respectively.
Over the past year, the stock has surged 36.8%, closing the last trading session at $355.37.
CRWD's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has a B grade for Growth and Quality. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 20 stocks in the A-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, it is ranked #16. <a href="https://stocknews.com/stock/CRWD/">Click here</a> to see the additional CRWD ratings (Value, Momentum, Stability, and Sentiment).
Stock #2: Palo Alto Networks, Inc. (<a href="https://stocknews.com/stock/PANW/">PANW</a>)
PANW is a provider of cybersecurity solutions. The company's platforms and services are designed to secure enterprise users, networks, clouds, and endpoints through cybersecurity measures backed by artificial intelligence and automation. PANW focuses on four areas: Network Security; Cloud Security; Security Operations and Threat Intelligence; and Security Consulting. 
On October 21, PANW introduced new OT security solutions powered by Precision AI to protect remote OT operations, mitigate risk for critical OT assets, and extend security into harsh industrial environments. This new feature also helps customers simplify operations and increase efficiency with organizations to address vulnerabilities in real time without disruptive downtime.
In the same month, PANW announced the expansion of its strategic alliance with Deloitte in the EMEA and JAPAC regions. Deloitte's agreement to adopt PANW's cloud and network security platforms offers mutual customers a unified platform and helps them achieve better cybersecurity solutions.
For the fiscal 2025 first quarter that ended on October 31, 2024, PANW's total revenue increased 13.9% year-over-year to $2.14 billion. The company's gross profit came in at $1.58 billion, reflecting an increase of 12.8% from the prior-year quarter. In addition, its non-GAAP net income amounted to $544.90 million and $1.56 per share, reflecting increases of 16.9% and 13% year-over-year, respectively.
Looking ahead, PANW anticipates revenue for fiscal year 2025 to fall between $9.12 billion and $9.17 billion, reflecting a year-over-year growth of 14%. The company also projects non-GAAP earnings per share to range from $6.26 to $6.39.
The consensus revenue estimate of $2.24 billion for the fiscal second quarter (ending January 2025) represents a 13.4% increase year-over-year. The consensus EPS estimate of $0.78 for the same quarter indicates a 6.7% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue estimates in each of the trailing four quarters.
The stock has gained 34% over the past nine months and 20.6% over the past year to close the last trading session at $191.04.
PANW's fundamentals are reflected in its POWR Ratings. The stock has a B grade for Sentiment and Quality. It is ranked #13 out of 20 stocks in the same A-rated industry.
Beyond what is stated above, we've also rated PANW for Growth, Value, Momentum, and Stability. Get all PANW's ratings <a href="https://stocknews.com/stock/PANW/">here</a>.
Stock #1: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions focusing on the convergence of networking and security, network firewall solutions, wireless LAN solutions, and secure connectivity solutions.
On December 3, FTNT announced the launch of FortiAppSec Cloud, a new cloud-delivered platform that integrates key web application security and performance management tools into a single offering. This launch converges AI-powered security and key performance tools on a unified platform, which simplifies web application security management and reduces risk and costs.
On November 15, FTNT announced the opening of a new innovation hub in Atlanta, Georgia. This newly acquired Innovation Hub of the company will include FTNT's Cloud Point of Presence, cyber training facility, and executive briefing center and strengthen the user experience.
During the third quarter of 2024, which ended on September 30, FTNT's total revenues increased 13% year-over-year to $1.51 billion. Its total gross profit rose 22.4% from the year-ago value to $1.24 billion.
Its non-GAAP operating income stood at $544.70 million, up 68.7% year-over-year, while its non-GAAP net income amounted to $487.60 million, representing an increase of 50.7% from the last year. Also, the company's non-GAAP EPS for the quarter increased 53.7% year-over-year to $0.63.
According to the company's guidance, FTNT forecasts fiscal year 2024 revenue to range from $5.86 billion to $5.92 billion, with billings between $6.43 billion and $6.53 billion. In addition, it anticipates its non-GAAP gross margin to fall between 80.3% and 81.3% and non-GAAP net income per share in the range of $2.20 and $2.28.
Street expects FTNT's revenue for the fiscal fourth quarter (ending December 2024) to increase 12.7% year-over-year to $1.60 billion. Moreover, its EPS estimate of $0.61 for the same period indicates a 19.1% year-over-year growth. In addition, it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is excellent.
FTNT shares have surged 69.5% over the past year and 60.7% over the past six months to close the last trading session at $95.10.
FTNT's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
FTNT has an A grade for Quality and B for Sentiment. It is ranked #7 in the Software - Security industry. <a href="https://stocknews.com/stock/FTNT/">Click here</a> to see the other ratings of FTNT for Growth, Value, Momentum, and Stability.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
PANW shares were trading at $190.02 per share on Thursday afternoon, up $1.26 (+0.67%). Year-to-date, PANW has gained 28.88%, versus a 24.98% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/panw-crwd-ftnt-3-cybersecurity-stocks-protecting-the-digital-world/>3 Cybersecurity Stocks Protecting the Digital World</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks Protecting the Digital World

Cybersecurity offers strong investment prospects due to rising spending driven by escalating threats, regulatory reforms, and growing demand for enhanced protection, fueling substantial market growth and long-term returns. As a result, it could be wise to consider cybersecurity leaders like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP). Read on... The cybersecurity market is booming as businesses face escalating threats like ransomware and email compromises. These attacks not only incur immediate costs but also cause lasting damage, such as business disruptions and intellectual property theft. To combat these risks, companies are prioritizing robust cybersecurity measures, driving a surge in industry investments.
Therefore, investors could benefit from considering leading cybersecurity stocks like Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>), Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), which offer compelling options.
According to Gartner, global spending on information security is set to hit $212 billion by 2025, a <a href="https://www.gartner.com/en/newsroom/press-releases/2024-08-28-gartner-forecasts-global-information-security-spending-to-grow-15-percent-in-2025">15.1% rise from 2024</a>, driven by regulatory reforms like CIRCIA and the need for enhanced compliance. Investments focus on critical infrastructure, improved security postures, and addressing emerging threats, fostering trust and further boosting the cybersecurity market.
Furthermore, using visuals like charts and infographics enhances cybersecurity data accessibility, driving better business decisions. Cybersecurity leaders are also simplifying risk communication for stakeholders, ensuring stronger support for investments. As a result, the global cybersecurity market to grow from $193.73 billion in 2024 to $562.72 billion by 2032, at a <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">CAGR of 14.3%</a>.
Let's now dive into the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks highlighted above, starting with number three.
Stock #3: Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>)
OKTA operates as an identity partner internationally. The company offers a suite of products and services designed to manage and secure identities, including Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, Access Gateway, and Okta Device Access.
On October 16, 2024, OKTA launched new Workforce Identity Cloud features to tackle security challenges like unmanaged SaaS accounts, governance risks, and social engineering attacks. These include Secure SaaS Service Accounts, Governance Analyzer with Okta AI, and improved identity verification, enhancing both security and user experience.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, OKTA's 28.20% is 151.4% higher than the 11.22% industry average. Likewise, its 76.12% trailing-12-month gross profit margin is 51% higher than the 50.41% industry average.
OKTA's total revenue for the fiscal third quarter ended October 31, 2024, increased 13.9% year-over-year to $665 million. Its non-GAAP operating income was $138 million, up 62.4% year-over-year. Additionally, its non-GAAP net income and net income per share were $121 million and $0.67, respectively, reflecting increases of 53.2% and 52.3% compared to the prior-year quarter.
Street expects OKTA's EPS and revenue for the quarter ending January 31, 2025, to increase 16.9% and 10.6% year-over-year to $0.74 and $669.10 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters. Over the past month, the stock has gained 11.7% to close the last trading session at $81.41.
OKTA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and Sentiment. Within the A-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, it is ranked #8 out of 20 stocks. To access additional grades for OKTA's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/">click here</a>.
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and converged networking and security solutions worldwide. It offers secure networking solutions focused on the integration of networking and security; network firewall solutions, including FortiGate data center, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions.
On December 3, 2024, FTNT launched FortiAppSec Cloud, a unified platform for web application security and performance. It combines tools for API security, bot defense, and server load balancing, simplifying the protection and management of hybrid and multi-cloud environments.
In terms of the trailing-12-month Return on Common Equity margin, FTNT's 311.53% is significantly higher than the 4.29% industry average. Similarly, its 28.86% trailing-12-month levered FCF margin is 157.3% higher than the 11.22% industry average. Additionally, its 26.79% trailing-12-month net income margin is 632% higher than the 3.66% industry average.
For the third quarter ended September 30, 2024, FTNT's total revenue increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income rose 46.7% from the year-ago value to $544.70 million. During the same period, the company's non-GAAP net income and non-GAAP net income per share grew 50.7% and 53.7%, respectively, to $487.60 million and $0.63.
Analysts expect FTNT's EPS and revenue for the quarter ending December 31, 2024, to increase 19.1% and 12.7% year-over-year to $0.61 and $1.60 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 66.4% to close the last trading session at $93.36.
FTNT's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #7 in the same industry. Beyond what we stated above, we also have given FTNT grades for Growth, Value, Momentum, and Security. Get all the FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
CHKP develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, as well as solutions for cloud, network, mobile devices, endpoints, information, and IoT.
On November 20, 2024, CHKP launched Quantum Firewall Software R82, using AI-powered engines to block 99.8% of zero-day threats. The update improves threat prevention, DevOps agility, and simplicity, with features like post-quantum cryptography and easy scalability for enterprise networks.
On October 1, 2024, CHKP completed its acquisition of Cyberint Technologies. This integration strengthens the Infinity Platform with advanced external risk management, providing real-time threat intelligence, AI-driven risk detection, and proactive protection for businesses against cyber threats.
In terms of the trailing-12-month net income margin, CHKP's 33.17% is 806.3% higher than the 3.66% industry average. Its 15.19% trailing-12-month Return on Total Assets is 703.9% higher than the 1.89% industry average. Also, its 34.60% trailing-12-month EBIT margin is 540.3% higher than the industry average of 5.40%.
During the third quarter ended September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. The company's non-GAAP operating income grew 1.9% from the year-ago value to $274 million. Similarly, CHKP's non-GAAP net income and EPS were $255.40 million and $2.25, reflecting increases of 5.4% and 8.7%, respectively, from the prior year's quarter.
For the quarter ending December 31, 2024, CHKP's EPS is expected to increase 3.2% year-over-year to $2.65. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $698.55 million. CHKP surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 21.5% to close the last trading session at $181.09.
CHKP's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #6 in the Software – Security industry. It has an A grade for Quality. To see CHKP's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/CHKP/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
FTNT shares were trading at $95.10 per share on Thursday afternoon, up $1.74 (+1.86%). Year-to-date, FTNT has gained 62.48%, versus a 25.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-okta-3-cybersecurity-leaders-benefiting-from-increased-spending/>3 Cybersecurity Leaders Benefiting from Increased Spending</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Leaders Benefiting from Increased Spending

IHAK: Capture Sector Growth In Cybersecurity

AVGO

CHKP

CIBR

CSCO

DOCN

ENFN

HACK

IHAK

JNPR

SNOW

TWLO

WCBR

Small Cap

Opinion

Press Releases

Securing the Future: How Post-Quantum Cryptography is Transforming Cybersecurity

Media Advisory: Fortinet Returns to World Economic Forum Annual Meeting on Cybersecurity

General

Fortinet Continues to Expand Generative AI Across Its Portfolio with Two New Additions to Simplify Security Operations

Earnings

Fortinet Reports Third Quarter 2024 Financial Results

Fortinet to Host Analyst Day on its 15-Year IPO Anniversary

Management

Fortinet Appoints Distinguished Public Sector Leader Janet Napolitano to its Board of Directors

Fortinet Expands Global Presence with New Company-Owned Innovation Hub in Atlanta

Vancouver Canucks Hockey Team Announces Fortinet as Its "Preferred Partner," Selects Fortinet Security Fabric Platform and Secure SD-WAN

Fortinet Elevates Web Application Security and Performance with New Unified Platform

Fortinet Achieves the Highest Possible "AAA" Rating on the Industry's Only Independent, Third-Party Security Service Edge Test

Comments

Fortinet

Actualités

Dernières nouvelles pour Fortinet (NASDAQ:FTNT) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL