Here's Why the Best Is Yet to Come for Fortinet, Inc.

Here's Why the Best Is Yet to Come for Fortinet, Inc.

With its stock up 40% in 2017, including 9% since sharing third-quarter earnings last month, Fortinet (NASDAQ: FTNT) has had a banner year. It's not surprising Fortinet and most of its peers, including FireEye (NASDAQ: FEYE) and Palo Alto Networks (NYSE: PANW), are enjoying a stellar 2017.

Thanks in part to the much-publicized security breaches of late, cybersecurity is expected to become a $135.4 billion market this year. By 2021, securing data represents a $202.36 billion opportunity for Fortinet and its peers. But the opportunity ahead of Fortinet is only one of the reasons the best is yet to come. The good news for investors is that Fortinet is delivering on its core initiatives, which bodes well for the future.

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Source: Fool.com