KeyBanc upgrades Okta, Fortinet as it sees a bright 2025 for cybersecurity

Investing.com12-20 00:10

Investing.com -- KeyBanc Capital Markets upgraded Okta Inc (NASDAQ:OKTA) and Fortinet Inc (NASDAQ:FTNT) to "overweight," on improving demand in the cybersecurity sector for 2025, while it downgraded ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492050361?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 00:10","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492050361","market":"us","top_or_hot":-1,"title":"KeyBanc upgrades Okta, Fortinet as it sees a bright 2025 for cybersecurity","media":"Investing.com","content":"<div>\n<p>Investing.com -- KeyBanc Capital Markets upgraded Okta Inc (NASDAQ:OKTA) and Fortinet Inc (NASDAQ:FTNT) to \"overweight,\" on improving demand in the cybersecurity sector for 2025, while it downgraded ...</p>\n\n<a href=\"https://finance.yahoo.com/news/keybanc-upgrades-okta-fortinet-sees-161058445.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>KeyBanc upgrades Okta, Fortinet as it sees a bright 2025 for cybersecurity</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeyBanc upgrades Okta, Fortinet as it sees a bright 2025 for cybersecurity\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 00:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/keybanc-upgrades-okta-fortinet-sees-161058445.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- KeyBanc Capital Markets upgraded Okta Inc (NASDAQ:OKTA) and Fortinet Inc (NASDAQ:FTNT) to \"overweight,\" on improving demand in the cybersecurity sector for 2025, while it downgraded ...</p>\n\n<a href=\"https://finance.yahoo.com/news/keybanc-upgrades-okta-fortinet-sees-161058445.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":"FTNT","symbol_name":"飞塔信息","start_time":0,"source_url":"https://finance.yahoo.com/news/keybanc-upgrades-okta-fortinet-sees-161058445.html","article_id":"2492050361","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492050361","pubTimestamp":1734624658,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --KeyBanc Capital Markets upgraded Okta Inc  and Fortinet Inc  to \"overweight,\" on improving demand in the cybersecurity sector for 2025, while it downgraded C3.ai Inc  to \"underweight.\". The brokerage expects stronger IT budgets next year, with identity and firewalls emerging as top priorities in security.Okta benefits from its leadership in identity solutions, while Fortinet is poised for growth from a broader industry refresh and its competitive edge in secure access service edge.KeyBanc set a price target of $115 for both Okta and Fortinet, noting their attractive valuation and potential for estimate revisions and multiple expansion.“We don't think Fortinet's own end-of-service refresh opportunity is sufficiently captured in consensus estimates,” analyst said.C3.ai was downgraded due to concerns about slowing subscription revenue growth and reliance on key partnerships. KeyBanc set a $29 price target for the stock, implying 28% downside.Dealmakers eye $4 trillion-plus","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"FTNT":"飞塔信息","AI":"C3.ai, Inc.","OKTA":"Okta Inc."},"translate_title":"KeyBanc升级Okta和Fortinet，因为它看到了网络安全光明的2025年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTNT":1,"AI":0.9,"OKTA":0.9},"content_text":"Investing.com -- KeyBanc Capital Markets upgraded Okta Inc (NASDAQ:OKTA) and Fortinet Inc (NASDAQ:FTNT) to \"overweight,\" on improving demand in the cybersecurity sector for 2025, while it downgraded C3.ai Inc (NYSE:AI) to \"underweight.\"\nThe brokerage expects stronger IT budgets next year, with identity and firewalls emerging as top priorities in security.\nOkta benefits from its leadership in identity solutions, while Fortinet is poised for growth from a broader industry refresh and its competitive edge in secure access service edge.\nKeyBanc set a price target of $115 for both Okta and Fortinet, noting their attractive valuation and potential for estimate revisions and multiple expansion.\n“We don't think Fortinet's own end-of-service refresh opportunity is sufficiently captured in consensus estimates,” analyst said.\nC3.ai was downgraded due to concerns about slowing subscription revenue growth and reliance on key partnerships. KeyBanc set a $29 price target for the stock, implying 28% downside.\nThe brokerage said Snowflake (NYSE:SNOW) was in the early innings of benefiting from an increased strategic priority of OLAP, a significantly expanded product portfolio, including in AI, adding “believe an opportunity for further improvement in investor sentiment.”\nRelated Articles\nKeyBanc upgrades Okta, Fortinet as it sees a bright 2025 for cybersecurity\nDealmakers eye $4 trillion-plus M&A haul in 2025 on Trump boost\nAmazon workers strike at seven US facilities ahead of Christmas rush","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","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":"4.29.3","shortVersion":"4.29.3","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/2492050361"}