{ }
001122334455554433221100
001122334455554433221100
Symbol FTNT
Name Fortinet, Inc.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry Software
Market NASDAQ Global Select
Country United States
State CA
City Sunnyvale
Zipcode 94086
Website http://www.fortinet.com

markets brace for recession as consumer stocks face downward pressure

UBS analysts warn that consumer discretionary stocks are facing increased downward pressure as markets rapidly adjust to a potential U.S. recession fueled by tariffs. With rising inflation concerns and uncertainty affecting investment plans, these stocks have underperformed, leading to significant downgrades in earnings expectations. A notable shift from cyclical consumer stocks to more defensive sectors is also occurring, as tariff-sensitive stocks have seen a 20% decline relative to the market.

gitex asia x ai everything singapore unlocks potential of southeast asias digital economy

The inaugural GITEX ASIA x Ai Everything Singapore, set for April 23-25, 2025, at Marina Bay Sands, aims to unlock Southeast Asia's US$1 trillion digital economy potential by gathering over 700 global tech enterprises and 250 investors. The event will feature key programs like AI 100 and Singapore 100, showcasing groundbreaking innovations and promising startups, while also addressing cybersecurity challenges through GITEX Cyber Valley Asia. With a focus on collaboration and partnerships, it promises to be a pivotal moment for the region's tech landscape.

Morgan Stanley raises Fortinet price target to 123 maintains overweight rating

Morgan Stanley has raised its price target on Fortinet, Inc. to $123 from $113 while maintaining an overweight rating. Fortinet specializes in integrated cybersecurity software and equipment, with net sales comprising 68% services and 32% products, and a geographic distribution of revenue across the U.S. (30.3%), Americas (10.7%), Europe/Middle East/Africa (39.1%), and Asia/Pacific (19.9%).

HPE argues against DOJ's block of Juniper acquisition citing competition concerns

Hewlett Packard Enterprise (HPE) argues that blocking its $14 billion acquisition of Juniper Networks could inadvertently benefit competitors like Cisco and Huawei, undermining U.S. efforts to limit Chinese technology in critical infrastructure. The Department of Justice's antitrust complaint claims the deal threatens competition in the enterprise WLAN market, but HPE contends it would enhance competition and innovation. Both HPE and Juniper maintain that the DOJ's stance is fundamentally flawed, citing a diverse competitive landscape in wireless networking.

telecom vendor analysis reveals growth trends for huawei ericsson and nokia

In 3Q 2024, telco network infrastructure vendor revenues reached $49.6B, with Huawei, Ericsson, and Nokia leading the market, accounting for 37.5% of total revenues. Despite a slight quarterly increase, the annualized market saw a 5.6% decline, primarily due to reduced capex forecasts. Tejas Networks and Broadcom reported significant year-over-year growth, driven by strategic developments in India and acquisitions.
Infinera Corp Alcatel-Lucent e.U. Tech Mahindra Limited Sumitomo Electric Industries, Ltd. Palo Alto Networks, Inc. LENOVO GROUP Commvault Systems, Inc. HCL Technologies FUT, February Infosys Ltd Ubiquiti Inc. Fujitsu Limited Dell Technologies Inc. Spirent Communications plc Wipro Ltd Extreme Networks, Inc. Comba Telecom Systems Holdings Ltd SeaChange International, Inc. AsiaInfo Technologies Ltd Tata Consultancy Services Limited Amdocs Ltd Sterlite Technologies Limited FIBERHOME TELCOM ERICSSON - CLASS B Comarch S.A. Adtran Inc ADVA Optical Networking SE Ciena Corporation Samsung Electronics Co., Ltd. Italtel S.p.A. HENGTONG OPTIC-ELECTRIC NEC Corporation Accenture plc Alphabet Inc. Nutanix, Inc. Nokia Oyj Microsoft Corporation cyan AG Technicolor SA Nexans Sopra Steria Group Corning Inc Huber+Suhner AG Transmode AB Calix, Inc. Check Point Software Technologies Ltd. Optiva Inc. Dycom Industries, Inc. Ceragon Networks Ltd. Oracle AI USD Allied Telesis Holdings K.K. Mitsubishi Electric Corp Dynatrace, Inc. Pace plc Fortinet, Inc. Clearfield, Inc. Exfo Inc. F5 Networks, Inc. Prysmian S.p.A. Ribbon Communications Inc. ZTE Capgemini SE Amphenol Corp DATANG TELECOM Fujikura Ltd. Juniper Networks, Inc. Citrix Systems Inc. Brocade Communications Systems Inc. RADCOM Ltd. TE Connectivity plc Casa Systems Inc. Tejas Networks Limited Kudelski SA SUBEX LTD. Ruckus Wireless LLC Harmonic Inc. Rakuten Group, Inc. Aviat Networks, Inc. Cisco Systems, Inc. Kyndryl Holdings, Inc. MasTec, Inc. Net Insight AB Dragonwave Inc. Radware Ltd. Arista Networks Inc Atos SE Hitachi, Ltd. Wiwynn Corporation Furukawa Electric Co., Ltd. Itochu Techno-Solutions Corporation Amazon.com, Inc. NetScout Systems, Inc. Westell Technologies, Inc. CommScope Holding Co Inc SAP SE Data Call Technologies, Inc. CHN Show more

fortinet maintains strong position in cybersecurity market with diverse revenue streams

Fortinet, Inc. focuses on developing integrated cybersecurity software and equipment to safeguard networks and information systems for both corporate and government entities. Its revenue is primarily derived from services (63.7%) and products (36.3%), with net sales distributed across various regions: the United States (30.3%), Americas (10.7%), Europe/Middle East/Africa (39.1%), and Asia/Pacific (19.9%). UBS has reiterated a neutral rating for the company.

dow jones falls sharply as stronger jobs report impacts markets

The Dow Jones Industrial Average plunged 600 points, or 1.4%, following a stronger-than-expected December jobs report, which showed 256,000 new jobs and a drop in the unemployment rate to 4.1%. Nvidia's shares fell 4% amid reports of impending restrictions on AI chips, while oil prices surged to their highest since October. Other notable stock movements included Constellation Brands dropping 4.2% and Delta Air Lines rising over 6%.

stock market update nvidia hits record high amid job data anticipation

Intuitive Surgical saw a 0.3% premarket rise, while Tesla's stock dipped 1.7% after a recent surge. Nvidia reached record highs following new AI initiatives unveiled at CES 2025, contributing to a positive trend in the Dow Jones and other major indexes ahead of key employment data. Apple's stock faced a downgrade, impacting its performance, while Microsoft and Amazon also showed slight gains. Notable stocks near buy points include BlackRock, Disney, TSMC, and Fortinet, as the market anticipates the Labor Department's job openings report.

stock market update key players and buy points to watch

The Dow Jones Industrial Average rose 0.3% as Wall Street awaited key economic data, with Nvidia gaining 3.4% in early trading, attempting to surpass a critical resistance level. Meanwhile, Tesla rebounded slightly after a significant drop, and other major stocks like Amazon and Apple showed mixed performance. The Institute for Supply Management's manufacturing index is anticipated to rise slightly, reflecting ongoing market dynamics.

Dow Jones rises as American Airlines flights grounded during holiday rush

The stock market saw gains during the Christmas Eve trading session, with the Dow Jones rising over 175 points and the Nasdaq composite up 0.9%. Adtalem Global Education and Fortinet are nearing buy points, while American Airlines faced a temporary grounding of flights due to a technical issue. Major tech stocks like Nvidia and Amazon also showed strength, contributing to the overall positive market sentiment.

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