To The Moon

The most recent trading session ended with Fortinet standing at $93.83, reflecting a -0.77% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.86%, while the tech-heavy Nasdaq depreciated by 0.38%.The network security company's stock has dropped by 3.46% in the past month, falling short of the Computer and Technology sector's loss of 1.29% and the S&P 500's loss of 2.2%.Analysts and investors alike will be keeping a close eye on the performance of Fortinet in its upcoming earnings disclosure. The company's earnings report is set to go public on February 6, 2025. The company is forecasted to report an EPS of $0.60, showcasing a 17.65% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.59 billion, reflecting a 12.59% rise from the equivalent quarter last year.Be sure to follow all of th

Investing.com --Piper Sandler upgraded Fortinet Inc to "overweight" with a $120 price target given strong prospects for a firewall refresh cycle set to accelerate in 2025. The brokerage sees Fortinet as the "best way to play" this trend, driven by improving IT spending and increased focus on cybersecurity amid geopolitical tensions and the rise of generative AI threats.The note highlighted elevated CIO optimism for security spending, marking the most bullish survey responses in a decade. Piper Sandler also flagged consolidation in security, with Real Time Application Protection Platforms expected to gain prominence.Fortinet joins Piper Sandler's top 2025 picks, with stocks like Atlassian , GitLab, SentinelOne , and Zscaler .Wall Street advances on hopes for selective Trump tariffs. Trudeau to resign as prime minister after nine years, blames party infighting