Same sector, same $10,000, five years: Palo Alto Networks turned it into $61,280 while Fortinet got to $27,332. Picking the right cybersecurity name was worth an extra $33,948.
Fortinet :
FTNT
FTNT
Stock Data
$163.11
$2.27 (1.41%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - INFRASTRUCTURE
Fortinet Inc is a global leader in cybersecurity, offering a wide array of products and services designed to protect networks, users, and data from cyber threats. Its comprehensive solutions include network firewalls, wireless LAN, secure connectivity with ethernet switches and 5G gateways, and advanced security operations tools like AI-driven threat detection and automated response systems. Fortinet's Unified SASE solutions integrate various security functions to safeguard web applications and cloud environments. Catering to enterprises, service providers, government entities, and small businesses, Fortinet emphasizes innovation in cybersecurity through its FortiGuard Labs. Founded in 2000, the company is based in Sunnyvale, California.
Latest Activity
Fortinet's fresh 52-week high at $168.29 shows buyers still paying up for enterprise security capacity. Keep an eye on the stock as that demand sets the bar for the firewall franchise.
Fortinet shares plunged 7% from open as the cybersecurity sector gets caught up in profit-taking ahead of key earnings reports.
Cybersecurity names selling off as investors rotate positions ahead of earnings season payoff trades.
Fortinet crushed expectations with a 20% EPS beat and 52% surge in product revenue as the firewall refresh cycle roars ahead, signaling the cybersecurity giant's six-quarter streak of consensus beats keeps accelerating. Raised full-year revenue guidance to $8.02 billion to $8.18 billion (implying 19% growth) with $7.68 billion in deferred revenue underpinning second-half visibility.
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A $10,000 bet on Fortinet in late 2009 just crossed $1 million. The cybersecurity stock's 16-year sprint has turned early believers into nine-figure winners.
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Five stocks hit 52-week highs this week, led by Arista Networks surging 5.19% above its prior peak as cybersecurity and AI demand reshape tech's leadership.
Fortinet surged to a fresh 52-week high of 162.35, just 2% above its prior peak set five days ago as cybersecurity demand shows no sign of slowing down.
Fortinet just broke past its prior peak from three weeks ago, extending a stunning rally that's seen the cybersecurity stock nearly double since late October.
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