Fortinet, Inc.·Technology

CSCO rides AI-driven security demand as FTNT and FFIV gain from cloud and enterprise spending, making all three stocks compelling buys.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

CCLA Investment Management trimmed its position in shares of Fortinet, Inc. (NASDAQ: FTNT) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,253,998 shares of the software maker's stock after selling 232,660 shares during the quarter.

Cybersecurity stocks have been under pressure in recent weeks.

Flagship Harbor Advisors LLC reduced its holdings in Fortinet, Inc. (NASDAQ: FTNT) by 24.3% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,740 shares of the software maker's stock after selling 8,895 shares during the period.

Azzad Asset Management Inc. ADV lifted its position in Fortinet, Inc. (NASDAQ: FTNT) by 418.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,106 shares of the software maker's stock after purchasing an additional 16,230 shares during the period. Azzad Asset Management Inc.
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Technology
Software - Infrastructure
14,556
2009-11-18
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