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Fortinet FTNT and Cisco Sytems CSCO are well-established players in the network security market. Both offer enterprise-grade cybersecurity solutions and network infrastructure, with Fortinet focused purely on security and Cisco blending security with broader networking products.
The past year has been a rewarding one for Fortinet (FTNT -1.72%) investors. Share prices of the cybersecurity specialist recorded impressive gains of 74%, comprehensively beating the comparable 17% gains recorded by the tech-laden Nasdaq Composite index.
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Fortinet Inc (NASDAQ:FTNT ) Annual JPMorgan Global Technology, Media and Communications Conference May 13, 2024 2:30 PM ET Company Participants John Whittle - Chief Operating Officer Christiane Ohlgart - Chief Accounting Officer Conference Call Participants Brian Essex - JPMorgan Brian Essex Alright. Good afternoon, everyone.
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Review Fortinet's (FTNT) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Live Updates Live Coverage Has Ended Broader Market Stays Upbeat 1:13 pm by Gerelyn Terzo Stocks have added to their gains as the trade agreement between the U.S. and U.K. becomes semi-official, though the full details are still being finalized. Here’s where things stand as of early afternoon trading: Dow Jones Industrial Average: Up 623.60 (+1.5%) Nasdaq Composite: Up 331.08 (+1.8%) S&P 500: Up 80.73 (+1.4%) The S&P 500 has gained 1.8% over the past five days and is up 8.3% over the past month. Year-to-date, the broader market index has fallen approximately 3%. 'Jet Fuel' for Stocks 12:07 pm by Gerelyn Terzo Now that the Fed decided to leave interest rates unchanged for the time being, the White House has clapped back. President Trump expressed disappointment in Fed Chairman Jerome Powell for failing to follow in the footsteps of other countries by lowering interest rates in the economic slowdown, saying that a rate cut could be jet fuel to stocks. Nevertheless
Shares of leading cybersecurity juggernaut Fortinet (FTNT -7.51%) were down 8% as of 1:15 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
The cybersecurity stock fell despite beating earnings expectations.
FTNT's first-quarter 2025 earnings and revenues beat estimates, benefiting from strong growth in both product and services revenues.