From Yahoo Finance: 2024-05-19 14:38:00

Technology stock Fortinet (NASDAQ: FTNT) has been struggling, with shares down 11% in the past year despite a 7% increase in revenue and a 26% jump in adjusted net income in the first quarter of 2024. The company missed billings estimates and issued guidance for flat billings this year, causing investor concerns about slowing growth. However, Fortinet’s focus on generative AI cybersecurity solutions could lead to accelerated growth, with the market expected to reach $3.2 billion by 2027. Analysts predict revenue growth improvement in the coming years, making Fortinet a potential long-term investment opportunity.



Read more at Yahoo Finance: 1 Stock Down 11% to Buy Before Artificial Intelligence (AI) Could Supercharge Its Growth and Send It Soaring