Why It's Time to Get Greedy With Fortinet, Inc. Stock
With its stock up 26% year to date, some investors may think it's a bit late to board the Fortinet (NASDAQ: FTNT) train. The good news is Fortinet, like many of its peers, is still in the process of transitioning to a recurring revenue model via its cloud-based security software subscriptions, and there's a way to go before it hits the finish line.
That said, as investors saw again last quarter, Fortinet is making significant progress, and it's evident on both its top and bottom lines. It wasn't long ago the notion of generating a profit, let alone significant bottom-line growth, seemed little more than a pipe dream. But for a host of reasons, those days are gone, which is why it's time to get greedy with Fortinet stock.
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Source: Fool.com
Fortinet Inc. Stock
The stock is one of the favorites of our community with 33 Buy predictions and 3 Sell predictions.
As a result the target price of 69 € shows a positive potential of 22.47% compared to the current price of 56.34 € for Fortinet Inc..
