Can This Cybersecurity Stock Double Once Again in 2022?

Fortinet (NASDAQ: FTNT) stock has shot up more than 120% in 2021 thanks to a string of impressive quarterly performances that have consistently trumped Wall Street's expectations. A similar story unfolded when the cybersecurity specialist released its third-quarter results on Nov. 4.

Fortinet's revenue and earnings easily beat projections, and its robust guidance was the icing on the cake. Let's look at what's driving Fortinet's growth and see why the stock might replicate its terrific performance on the market once again in 2022.

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Source Fool.com