Why Fortinet Inc. Could Be a Gold Mine for Growth Investors
The growth in the cybersecurity market many pundits had expected last year didn't materialize, but 2017 is a different story entirely. Providers including Fortinet (NASDAQ: FTNT), Palo Alto Networks (NYSE: PANW), and a host of others are enjoying a banner year.
Fortinet stock is up 28% in 2017, and even Palo Alto, which hasn't seen a profit seemingly forever, is up 21%. The strong results aren't surprising given the rise in data breaches of late, including the recent crack in Equifax's (NYSE: EFX) security. But in Fortinet's case, the reason it could be a gold mine for growth investors is that it's not only in the right market, it's delivering the goods.
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Source: Fool.com
Fortinet Inc. Stock
€53.87
0.600%
With 34 Buy predictions and 3 Sell predictions Fortinet Inc. is one of the favorites of our community.
With a target price of 70 € there is a positive potential of 29.94% for Fortinet Inc. compared to the current price of 53.87 €.
