Fortinet, Inc. (FTNT) is a prominent U.S.-based cybersecurity company offering a range of security solutions to enterprises, service providers, and government clients worldwide. With a market cap exceeding $10 billion, FTNT is a large-cap stock dominating the software-infrastructure industry. Despite slipping 27.8% from its 52-week high, FTNT stock has gained 7.8% in the past three months. However, it has underperformed compared to the Dow Jones Industrial Average. Shares of FTNT have dipped 12.2% YTD and 13% over the past year. Analysts are cautious on FTNT’s prospects, with a consensus “Hold” rating and a mean price target of $86.31.
Read more at Barchart: Is Fortinet Stock Underperforming the Dow?
