Pivotal Point Tracking Fortinet (FTNT): Cybersecurity Specialist Takes Off with a Price Target of $100 and Record Margin of 37.3%!

Fortinet is a provider of unified SASE and networking solutions. On January 23, a rating upgrade by TD Cowen to "Buy" with a price target of $100 triggered a surge in the stock price, even before the official quarterly figures were released on February 5. The company ultimately impressed in February with a revenue increase of 15% to $1.91 billion and strong operating margins of 37.3%. With over 700,000 customers and the integration of AI into the FortiOS platform, Fortinet is solidifying its market position. Investors celebrated the ability to combine...