News & Events:FTNT

Wedbush Expresses Bullishness On Cybersecurity Sector; Names Top Picks; Boosts Price Targets

Over the past 3 months, 7 analysts have published their opinion on Fortinet stock. These 7 analysts have an average price target of $342.86 versus the current price of Fortinet at $341.125, implying upside. Below is a summary of how these 7 analysts rated Fortinet over the past 3 months.

Fortinet Inc (FTNT): * FORTINET (FTNT), PGA TOUR CANADA ANNOUNCE LONG-TERM PARTNERSHIP, INCLUDING FORTINET CUP AS SEASON-LONG POINTS RACE Source text for Eikon: Further company coverage:

Carpenter and Gonsowski bring a long history of rapidly scaling prominent legal & regulatory technology companies to Gimmal as it expands its presence in the GRC market HOUSTON, April 13, 2022 /PRNewswire/ -- Gimmal, a leading information governance software platform, today announced that Craig Carpenter and Dean Gonsowski have been named the company's CEO and CRO, respectively.

John Maddison, EVP of Products and CMO at Fortinet"Fortinet (FTNT) is committed to keeping organizations secure through our industry-leading technology and award-winning training and certifications curriculum.

CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. The commentary delivered by hosts of the show often moves the stocks mentioned. General Motors Company was mentioned by Josh Brown as a sell at 12:09 p.m, shares moved 0.42% higher. NXP Semiconductors NV was mentioned by Stephanie Link as a sell at 12:10 p.m, shares moved 1.14% higher.

Fortinet®, a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its first quarter 2022 financial results on Wednesday, May 4 at 1:30 p.m. Pacific Time . Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com...

John Maddison, EVP of Products and CMO at Fortinet"Fortinet (FTNT) continues to push the boundaries of what is possible in converging networking and security to enable customers and partners to safely and effectively compete in today's digital marketplace.

Fortinet has outperformed the market over the past 5 years by 41.63% on an annualized basis producing an average annual return of 55.92%. Currently, Fortinet has a market capitalization of $55.79 billion. Buying $100 In FTNT: If an investor had bought $100 of FTNT stock 5 years ago, it would be worth $906.74 today based on a price of $346.92 for FTNT at the time of writing.

John Maddison, EVP of Products and CMO at Fortinet“Fortinet’s continued leadership demonstrates strong adoption of our innovative technology solutions and overall fast growth. FortiOS is the foundation for our appliances, delivering built-in network and security convergence, dynamic network segmentation, automation, and natively integrated Zero Trust Network Access and SD-WAN capabilities.

The overall market has sustained its bounce off the lows, continuing to trend higher amid peace talk developments between Russia and Ukraine. "Even if we get some sort of resolution on the war front, we also have inflation here across the spectrum of the economy and we have a Fed that's behind the curve," Link said Tuesday on Benzinga's YouTube show "PreMarket Prep."

CNBC's 'Fast Money: Halftime Report' delivers market-moving news to investors. The commentary delivered by hosts of the show often move the stocks mentioned. Apple Inc Josh Brown mentioned the stock has had 10 consecutive days of gains at 12:04 p.m., shares ticked 0.06% higher after.

According to OTR Global, the prior rating for Illumina Inc was changed from Mixed to Positive. Sidoti & Co. upgraded the previous rating for AAON Inc from Neutral to Buy. For Powell Industries Inc, Sidoti & Co. upgraded the previous rating of Neutral to Buy. According to Argus Research, the prior rating for AutoZone Inc was changed from Hold to Buy.

While Fortinet Inc.'s stock already prices in the company's strong results, CommScope Holding Company Inc has limited catalysts to drive growth in the near term, according to BofA Securities. The Networking and Security Analyst: Tal Liani downgraded the rating for Fortinet from Buy to Neutral, while reducing the price target from $385 to $355.

On Monday President Joe Biden said "based on evolving intelligence, Russia may be planning a cyber attack against us [United States]." What Happened: The Biden administration said it gathered intelligence over the weekend that suggested Russia could be planning a cyberattack against the United States.

Within the last quarter, Fortinet has observed the following analyst ratings: In the last 3 months, 5 analysts have offered 12-month price targets for Fortinet. Below is a summary of how these 5 analysts rated Fortinet over the past 3 months.

Check out this: Insiders Buy Around $21M Of 3 Stocks Check out other big price target changes here

Fortinet has outperformed the market over the past 10 years by 14.85% on an annualized basis. Buying $100 In FTNT: 10 years ago, an investor could have purchased 3.64 shares of Fortinet at the time with $100. This $100 investment would be worth $1,052.57 today based on a price of $289.14 for FTNT at the time of writing. Finally -- what's the point of all this?

John Maddison, EVP of Products and CMO at Fortinet“Fortinet (FTNT) has been a leader in SD-WAN ever since we became the first vendor to blend advanced security and connectivity into a unified solution.

Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “Like many around the world, we are watching what’s happening in Ukraine with great concern and as a result are compelled to take action. News Summary: Fortinet®, a global leader in broad, integrated, and automated cybersecurity solutions, today announced that it ceased operations within Russia.