FTNT Stock Recent News

In the closing of the recent trading day, Fortinet (FTNT) stood at $75.66, denoting a +1.31% change from the preceding trading day.

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Fortinet's second quarter 2024 earnings showed reaccelerating revenue growth and significant margin expansion, leading to a 25% stock price increase. The company's strategy of combining traditional networking with cloud security may be perfect for the hybrid computing era. Industry analysts consider it one of the best cybersecurity companies.

On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data.

Latest Fortinet-owned facility will include an R&D Center, Fortinet Cloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to Drive Innovation, Collaboration, and Growth in the Region Latest Fortinet-owned facility will include an R&D Center, Fortinet Cloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to Drive Innovation, Collaboration, and Growth in the Region

Fortinet and Zscaler both face tough macro and competitive headwinds. Fortinet is bigger, better diversified, and more profitable.

Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?

Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

FTNT's cutting-edge cybersecurity solutions, including next-gen firewalls and AI capabilities, make the stock worth buying despite fierce competition.

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