This Under-the-Radar Cybersecurity Stock Is a No-Brainer Buy in 2024
The cybersecurity industry gets a lot of attention on Wall Street, and for good reason. Not only is this market vitally important to businesses across the globe, but the eye-popping performance of some newer cybersecurity companies has caught the eye of tech investors.
However, there's a more established player in this space that doesn't get as much attention as some of its newer peers. But (NASDAQ: FTNT) has a long track record of success. Recent challenges have impacted the stock price, but the long-term prospects are still bright.
Over the trailing 12 months, Fortinet's stock is up 30%, outpacing the S 500. However, over that time frame, the stock has suffered two double-digit drops -- once after Fortinet released its second-quarter earnings report and again after releasing its third-quarter report.
Source Fool.com
Fortinet Inc. Stock
With 39 Buy predictions and 3 Sell predictions Fortinet Inc. is one of the favorites of our community.
With a target price of 70 € there is a positive potential of 33.26% for Fortinet Inc. compared to the current price of 52.53 €.
