The challenges of our time are not always related to basic issues such as food, medicine, education or construction. In the era of intensifying technological development, millions of users need ways to protect their digital presence. This narrative lies at the heart of many modern investors choosing cybersecurity stocks to buy. Advances in technology have both empowered users and made using computers more risky. The growth of the e-commerce market means an increase in demand for the services of cybersecurit ...

The recent sell-off of this cybersecurity leader is giving investors a good buying opportunity.As technology gets incorporated into every facet of the modern economy, it's becoming clearer that no company can escape the need for robust cybersecurity protection. Last year, 75% of companies were at risk of a cyberattack, according to Statista.Thanks to its expanding lineup of firewall and security offerings, Fortinet (FTNT 1.29%) has become a leader in protecting these companies from such threats.But Fortinet ...

The most recent trading session ended with Fortinet (FTNT) standing at $58.79, reflecting a -1.34% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.88% loss on the day. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 1.95%.Shares of the network security company witnessed a loss of 1.7% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 9.48% and the S&P 500's gain of 5.11%.The investment community will ...

Fortinet (FTNT) announced that it has been selected by KDDI for the new Global Managed SASE Service. KDDI will leverage FTNT’s Unified SASE solution as its core product for the Global SASE Platform Service by Fortinet offering.Fortinet’s Global SASE Platform simplifies and unifies various security standards and policies, which require a highly secure hybrid work environment that can be accessed from anywhere globally. KDDI will combine Fortinet’s services with their KDDI Global IP-VPN, KDDI Wide Area Virtua ...

The cybersecurity specialist has underperformed the broad market recently, but there may be a turnaround on the horizon.Cybersecurity specialist Fortinet (FTNT -1.15%) hasn't been among the best performers on the stock market in the past three years with its 16% return lagging peers such as Palo Alto Networks and CrowdStrike Holdings by a wide margin. What's more, Fortinet stock has underperformed the S&P 500's 28% return over the same period.The situation hasn't improved this year, either, as the cybersecu ...

SUNNYVALE, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that KDDI leveraged Fortinet Unified SASE as a new managed secure access service edge (SASE) service. The service from KDDI utilizes Fortinet's industry-leading Unified SASE solution as the core product for its Global SASE Platform Service by Fortinet offering. The Global SASE Platform Service by Fortinet unifies and c ...

SUNNYVALE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Fortinet Unified SASE embodies our longstanding commitment to converging networking and security to deliver integrated solutions to our customers. Like most offerings across the Fortinet Security Fabric, our Unified SASE solution is powered by a single operating system and AI-powered security services that enable consistent security and user experience no matter where users are. We continue to see stro ...

SUNNYVALE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet “Fortinet Unified SASE embodies our longstanding commitment to converging networking and security to deliver integrated solutions to our customers. Like most offerings across the Fortinet Security Fabric, our Unified SASE solution is powered by a single operating system and AI-powered security services that enable consistent security and user experience no matter where users are. We continue to see stro ...

It’s been a tumultuous first half of 2024 for cybersecurity stocks as early optimism was handed a reality check amid challenging first-quarter earnings for leading industry players like Cloudflare and Fortinet (NASDAQ:FTNT). With worse-than-expected billings shortfalls pushing cybersecurity stocks lower, the complex state of the industry has been laid bare for investors. There’s little doubt that the cybersecurity industry is full of potential, and projections of market revenue to reach $185.70bn in 2024 un ...

Fortinet TodayFTNTFortinet$59.85 -0.42 (-0.70%) 52-Week Range$44.12▼$81.24P/E Ratio39.12Price Target$70.03Add to WatchlistLeading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model. The end of its growth normalization cycle may be near. Fortinet has over 650,000 customers, including Alibaba ...