Fortinet Is Severely Undervalued (Earnings Preview) [Seeking Alpha]
Fortinet, Inc. (FTNT)
Last fortinet, inc. earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
investor.fortinet.com
Company Research
Source: Seeking Alpha
Despite temporary headwinds, subscription-based services with high attach rates will bolster margins and provide reasonable growth until the next cycle. Fortinet's shares are significantly undervalued when compared to its competitors. FTNT shares can offer upside through mean reversion and revenue growth. Fortinet ( NASDAQ: FTNT ) is reporting eq1'24 earnings this coming week on May 2, 2024 , and I believe now may be a good time to begin entering into a position. Fortinet has received 24 upward estimate revisions and 12 downward estimate revisions in the last 90 days for their highly anticipated earnings call. As major breaches hit the headlines and as geopolitical tensions rise, I anticipate the demand for Fortinet's SASE and SecOps platform solutions to remain in relatively high demand across cybersecurity departments. Though I do anticipate slower growth throughout eFY24 as enterprises seek to cut or minimize department costs to manage operational margins, I do believe that th
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FTNT
News
- DGR Systems Achieves Top Fortinet Service Program Designation - EPSPPR Newswire
- Never Ignore These Point-of-Sale Security Features [Yahoo! Finance]Yahoo! Finance
- BlueCat partners with Pacific Tech to expand distribution in APAC [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BlueCat partners with Pacific Tech to expand distribution in APAC [Yahoo! Finance]Yahoo! Finance
- Is This Top Cybersecurity Stock Now Dead Money? [Yahoo! Finance]Yahoo! Finance
FTNT
Earnings
- 5/2/24 - Beat
FTNT
Sec Filings
- 5/14/24 - Form 144
- 5/14/24 - Form 144
- 5/6/24 - Form 10-Q
- FTNT's page on the SEC website