The Underdog Breaks Through: Maintaining Fortinet With A Buy [Seeking Alpha]
Fortinet, Inc. (FTNT)
Last fortinet, inc. earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.fortinet.com
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Source: Seeking Alpha
Summary Fortinet's stock dipped post-earnings due to reduced guidance but rebounded as it beat revenue and EPS consensus, showing resilience and investor confidence. I maintain a buy rating on FTNT, driven by AI-driven SecOps, product revenue rebound, and easing macro headwinds, and I expect continued high double-digit growth into 2025. I herein share my positive sentiment on Fortinet stock and why I see green shoots into 2025. mihneasim/iStock via Getty Images Fortinet ( NASDAQ: FTNT ) reported 3Q24 earnings, and the stock dipped 5% in early post-market trading on Thursday as the company cut its full-year billings guidance to $6.43 billion- $6.53 billion, below the prior range of $6.4 billion- $6.6 billion. The market disgusted the bad news quickly, and the This article was written by The Techie Follower s Follow I'm a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after wh
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FTNT
News
- Is Fortinet (FTNT) Outperforming Other Computer and Technology Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Winners of 2024 GeorgiaCISO ORBIE Awards Announced By GeorgiaCISO [Yahoo! Finance]Yahoo! Finance
- Fortinet, Inc. (NASDAQ: FTNT) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Fortinet, Inc. (NASDAQ: FTNT) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $105.00 price target on the stock, up previously from $85.00.MarketBeat
- Fortinet, Inc. (NASDAQ: FTNT) had its price target raised by analysts at Scotiabank from $85.00 to $110.00. They now have a "sector outperform" rating on the stock.MarketBeat
FTNT
Earnings
- 11/7/24 - Beat
FTNT
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 144
- 11/18/24 - Form 3
- FTNT's page on the SEC website