Fortinet, Inc. (FTNT) Eyes Major Growth with AI-Driven Cybersecurity and Upcoming Product Refresh

Insider Monkey04:52

We recently published a list of 14 AI Stocks to Watch According to Latest News and Ratings. In this article, we are going to take a look at where Fortinet, Inc. (NASDAQ:FTNT) stands against other AI ...

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(FTNT) Eyes Major Growth with AI-Driven Cybersecurity and Upcoming Product Refresh\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 04:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fortinet-inc-ftnt-eyes-major-205246336.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently published a list of 14 AI Stocks to Watch According to Latest News and Ratings. In this article, we are going to take a look at where Fortinet, Inc. (NASDAQ:FTNT) stands against other AI ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fortinet-inc-ftnt-eyes-major-205246336.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0079474960.USD","symbol_name":"联博美国增长基金A","start_time":0,"source_url":"https://finance.yahoo.com/news/fortinet-inc-ftnt-eyes-major-205246336.html","article_id":"2485342680","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kDzmxFAffslJ._rSiKc7eg--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/9280a08e4457e7153160f7967879bfc9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485342680","pubTimestamp":1732222366,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently published a list of 14 AI Stocks to Watch According to Latest News and Ratings. 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In this article, we are going to take a look at where Fortinet, Inc. (NASDAQ:FTNT) stands against other AI stocks to watch according to latest news and ratings.\nArtificial intelligence businesses have taken Wall Street by storm in the past few months. One of the most notable success stories has been OpenAI, the AI startup that has become the most valuable private firm in the world with a valuation of over $157 billion. However, the company is facing multiple lawsuits regarding the use of data from news publications without attribution. After US-based The New York Times and the Chicago Tribune took the company to court, Indian news publication ANI has also alleged that the ChatGPT creator is using published content without permission to help train the AI chatbot to provide information to users.\nRead more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.\nEven as it faces these lawsuits, the company is blazing forward with plans to expand the use of the AI chatbot. Kevin Weil, the chief product officer of the company, recently announced on social media platform X that the firm is expanding the Advanced Voice Mode feature of ChatGPT to the web. This will let users talk to the AI chatbot right from their browser. However, the latest feature will only be available to Plus, Enterprise, Teams, or Edu subscribers, the paid members of ChatGPT. This feature is already available on the standalone applications of the product on popular mobile software platforms like Android and iOS.\nREAD ALSO:\n30 Most Important AI Stocks According to BlackRock and \nBeyond the Tech Giants: 35 Non-Tech AI Opportunities\n.\nFor this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A close-up of a user authenticating into a secure network using a two-factor authentication process. \nFortinet, Inc. (NASDAQ:FTNT)\nNumber of Hedge Fund Holders: 47 \nFortinet, Inc. (NASDAQ:FTNT) provides cybersecurity and convergence of networking and security solutions worldwide. The Fortinet SecOps platform offers the broadest range of sensors that utilize AI and other advanced analytics to continuously assess cyberthreats. On November 19, Wedbush raised the price target on the stock to $105 from $90 and kept an Outperform rating on the shares after attending the company’s Analyst Day, where management provided 3- to 5-year financial targets along with updates to its highly anticipated product refresh cycle in 2026 and beyond. Fortinet anticipates that about 1/4 of its current installed base for firewalls will face end of service by the end of 2026 as the company anticipates customer engagement in early 2025, with the majority expected in the second half of 2025 as more enterprises seek vendor consolidation with security creating significant opportunities for cross and up-sell.\nOverall, FTNT ranks 12th on our list of AI stocks to watch according to latest news and ratings. While we acknowledge the potential of FTNT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FTNT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485342680"}