The Underdog Breaks Through: Maintaining Fortinet With A Buy
Portfolio Pulse from
Fortinet's stock initially dipped after earnings due to reduced guidance but rebounded after beating revenue and EPS expectations. The company is expected to continue high double-digit growth into 2025, driven by AI-driven SecOps and a rebound in product revenue.
November 14, 2024 | 4:45 am
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Fortinet's stock rebounded after initially dipping post-earnings due to reduced guidance. The company beat revenue and EPS expectations, showing resilience and investor confidence. High double-digit growth is expected into 2025.
Fortinet's stock initially dipped due to reduced guidance but rebounded after beating revenue and EPS expectations, indicating strong investor confidence. The company's focus on AI-driven SecOps and a rebound in product revenue, along with easing macro headwinds, supports the expectation of continued high double-digit growth into 2025.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100