From Nasdaq: 2025-03-27 08:45:00

In the cybersecurity stock market, Fortinet (NASDAQ: FTNT) has outperformed competitors like Palo Alto Networks (NASDAQ: PANW) and CrowdStrike (NASDAQ: CRWD) with a 52-week total return of 50%. Their use of ASICs, or application-specific integrated circuits, gives them an edge in cybersecurity services, leading to a 660 basis point increase in adjusted operating margin in 2024.

Fortinet’s recent earnings report exceeded expectations, with a sales growth of over 17% and adjusted EPS rising by 45%. The company expects 13% revenue growth and 3% adjusted EPS growth in 2025. Product revenues grew nearly 18%, indicating potential for upselling high-margin service revenue over time.

Fortinet’s ASIC-enabled hardware is utilized in data centers, presenting opportunities for growth. With a significant refresh cycle expected for their product segment in 2026 and 2027, over one-third of the company’s firewall base will require upgrades, potentially driving more product and service sales. The focus on securing AI data centers and expanding software sales could contribute to Fortinet’s long-term growth. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This was attributed to concerns over rising inflation rates and uncertainty surrounding the Federal Reserve’s next steps.

2. In a surprising turn of events, a major tech company announced a new partnership with a leading pharmaceutical company to develop a groundbreaking medical device. The device is expected to revolutionize the way certain medical conditions are treated, potentially saving countless lives.

3. A recent study revealed that the use of plastic straws has significantly decreased in the past year, thanks to a global movement to reduce plastic waste. This shift in consumer behavior has had a positive impact on the environment, with less plastic waste ending up in landfills and oceans.

4. The latest unemployment numbers were released, showing a slight increase in jobless claims. Economists noted that this could be due to seasonal factors or ongoing challenges in certain industries. Despite this uptick, the overall unemployment rate remains relatively low compared to previous years.

5. A new report highlighted the growing trend of remote work, with more companies offering flexible work arrangements to their employees. This shift has been driven by advancements in technology and changing attitudes towards work-life balance. Experts predict that remote work will continue to increase in popularity in the coming years.



Read more at Nasdaq:: Fortinet: A Top Cybersecurity Stock With Growth Catalysts