Down 27% From Its 52-Week High, Is Now the Time to Buy Fortinet Stock?
Shares of (NASDAQ: FTNT) are down 27% from their 52-week high. The sell-off stems from a string of weaker-than-expected results and slowing sales over the past year.
Despite the recent volatility, investors shouldn't dismiss this cybersecurity leader that maintains a positive outlook. Let's explore why Fortinet shares could be poised for a rebound.
Fortinet's first-quarter earnings report released in early May (for the three months ended March 31) can be described as mixed.
Source Fool.com
Fortinet Inc. Stock
€68.48
-2.000%
The stock is one of the favorites of our community with 32 Buy predictions and 3 Sell predictions.
As a result the target price of 70 € shows a slightly positive potential of 2.22% compared to the current price of 68.48 € for Fortinet Inc..
