FTNT - Where Will Fortinet Stock Be in 5 Years?
2024-05-31 07:45:00 ET
Fortinet (NASDAQ: FTNT) occupies a leadership role in the growing cybersecurity industry . The stock has retreated from its year-to-date high, prompting some investors to consider it a good company at a discounted price. If the company's competitive advantages and growth prospects are strong enough, this stock could deliver impressive gains over the next five years.
Fortinet is a major player in the cybersecurity industry with a broad portfolio of products and services. It has three major segments:
Secure networking includes the firewall, malware prevention, threat detection, and related software products. This segment also contains network hardware, such as switches, routers, and security appliances. Secure networking is Fortinet's most mature segment. It accounts for nearly 70% of its revenue, and it has the slowest revenue growth rate.
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Where Will Fortinet Stock Be in 5 Years?