Is It Too Late to Buy Fortinet Stock?

07:21am, Tuesday, 08'th Aug 2023
Fortinet posted a mixed Q2 earnings report. It reduced its billings and revenue guidance for the full year.
Cybersecurity stocks underperformed the broader market Monday as analysts continued to update outlooks of the volatile sector, resulting in one firm's simultaneous upgrade of Fortinet Inc. and downgra
Investors should consider capitalising on the recent sell-off in Fortinet Inc (NASDAQ: FTNT), says Raymond McDonough – a Guggenheim analyst. Fortinet stock could climb back to $70 McDonough upgraded
Quarterly earnings reports are continuing to roll in for the S&P 500 — but earnings season never really ends, because about 20% of companies in the benchmark index have fiscal quarters that don't ma
Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.
The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.
Considering the increasing vulnerability of our online activity, snapping up cheap cybersecurity stocks can be a wise move for investors. We use computers, smartphones and other devices to communicate
Fortinet stock dropped nearly 25% in one trading session.
Fortinet Inc.'s warning of “macro uncertainties” was weighing on the cybersecurity sector Friday, though at least one industry name managed to buck the trend.
U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaig
U.S. nonfarm payrolls up by 187k in July; Unemployment rate down 3.5% for the month. Should investors be watching hours worked like some of the Fed members?

Why Fortinet Stock Plunged Today

12:09pm, Friday, 04'th Aug 2023
Fortinet beat on earnings, but slightly missed on revenue growth in the second quarter. Management noted that billings performance was hurt by macro uncertainty during the quarter.
Fortinet's (FTNT) Q2 results reflect strong demand for Core and Enhanced Platform Technologies, while positive pricing actions, easing supply-chain cost pressures and discounting policies in the Produ
Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.
The headline numbers for Fortinet (FTNT) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimate
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