MF: $FTNT 1 Stock Split Growth Stock to Buy

I’ve traded this symbol in a day trade without really knowing its business. Most notable (I just looked at a weekly chart of $FTNT) is how this cyber-security stock has not fallen mightily like most cyber-security stocks you see mentioned on Saul’s board.

This is a good Cliff’s Notes uptake on $FTNT by Nicholas Rossolillo of Motley Fool:

Motley Fool headline: 1 Stock Split Growth Stock to Buy Now

By Nicholas Rossolillo - Jun 20, 2022 at 8:25AM

Here’s what’s important to know: Fortinet is growing at a brisk pace right now. Revenue was up 34% year over year in the first quarter of 2022 to $955 million, and management expects full-year sales to be up about 31%. In the wake of the pandemic and amid roaring inflation, organizations are looking for ways to strengthen their efficiency. That has them leaning into cloud computing, which means increased data center construction and upgrades, more internet-connected devices, and software to keep the whole patchwork of networks and machines safe.

Cybersecurity is a fast-changing area of the IT world. Lots of companies in this space have fallen by the wayside over the years as trends have changed. But Fortinet has been an exceptionally good developer of new cybersecurity technology.

Though its roots lie in firewalls (traditionally, a device that monitors traffic within a physical location), Fortinet now derives nearly two-thirds of its revenue from software and recurring service. It’s still making investments in new areas, too. For instance, it recently announced it would be exploring security for quantum computing in collaboration with Singapore’s Quantum Engineering Programme.


Dang it, the link:

1 Stock Split Growth Stock to Buy Now By Nicholas Rossolillo - Jun 20, 2022 at 8:25AM…

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