| 2024-04-19 | -0.98 % |
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| 2024-04-18 | -0.97 % |
- The article discusses Fortinet (FTNT) being recognized in eight Gartner Magic Quadrant reports, with the stock experiencing a -0.97% decrease. The decline in Fortinet's stock could be attributed to general market factors, investor sentiments, or specific company-related news.
- The article discusses how Fortinet's CEO, Ken Xie, engaged in selling and buying transactions of the company's stock, resulting in a total sale of over $3.1 million. The stock price of Fortinet (FTNT) went down, possibly due to these insider trading activities, which can sometimes lead to concerns about the company's future prospects and impact investor confidence.
- The article discusses how Strs Ohio reduced its holdings in Fortinet, Inc. (FTNT) by 4.0% in the 4th quarter, leading to a decrease in the company's stock last night, and the stock may have dropped due to multiple hedge funds buying and selling shares, impacting the overall market perception and demand for the stock.
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| 2024-04-17 | +0.28 % |
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| 2024-04-16 | -0.39 % |
- The article discusses Dynacons Systems & Solutions Ltd securing a contract from National Bank for Agriculture and Rural Development (NABARD) for ₹233 crore involving the upgradation and migration of the core banking solution from Finacle 7.0 to Finacle 10.2.25, and other services. Fortinet (FTNT) stock went down last night by -0.39%, potentially due to various factors influencing market sentiment or company-specific developments.
- The article discusses various updates related to the stock market on 16th April 2024, highlighting a 0.39% decrease in Fortinet (FTNT) stock. The decline in FTNT stock can be attributed to heavy selling in IT stocks, weak global trends, fears of escalating tensions in West Asia, a negative trend in domestic equities, a strong greenback against major crosses overseas, a weak appetite for riskier assets, recent foreign capital outflows, and overall down trending of equity benchmark indices Sensex and Nifty.
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| 2024-04-15 | -2.59 % |
- Summary: The article discusses various tech news stories, including Intel's new XPU silicon, Zscaler's acquisition, and Juniper's Mist acquisition, along with concerns about chip-making plants and space companies. Additionally, it highlights a Fortinet-sponsored Tech Bytes podcast about the push and pull between security solutions and platforms.
Reason for Fortinet (FTNT) stock going down: The article does not provide a specific reason for the -2.59% decline in Fortinet stock. However, stock prices can fluctuate due to various factors such as market conditions, industry performance, company-related news, investor sentiment, or broader economic trends.
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| 2024-04-12 | -2.59 % |
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| 2024-04-11 | +0.13 % |
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| 2024-04-10 | -0.13 % |
- The article discusses how Nisa Investment Advisors LLC reduced its stake in Fortinet, Inc. (NASDAQ: FTNT) by 17.4% during the 4th quarter, leading to a decline of -0.13% in the stock, and several institutional investors and insiders selling shares may have contributed to the decrease in the stock price.
- Fortinet (FTNT) released its 2023 Sustainability Report highlighting its commitments and progress, which includes addressing cyber risks, diversifying cybersecurity talent, respecting the environment, and promoting responsible business practices; however, the stock went down by -0.13% last night possibly due to broader market factors or investor sentiment.
- Summary: Fortinet (FTNT) stock was down by -0.13% last night due to the release of the Fortinet Virtual FortiGate Security Appliance (vFSA) on IBM Cloud, aimed at helping companies address the growing complexity of cybersecurity threats and protect their networks and data.
Reason for Fortinet (FTNT) stock going down: The decrease in stock price could be attributed to various factors, such as market sentiment, general economic conditions, industry-specific news, or specific company developments influencing investor confidence and trading decisions.
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| 2024-04-09 | -0.25 % |
- The article discusses how Meeder Advisory Services Inc. decreased its holdings in Fortinet, Inc. (FTNT) by 13.8% during the 4th quarter, resulting in the stock experiencing a -0.25% decrease, with other institutional investors also modifying their holdings, showcasing increased selling activity hence leading to the dip in the stock price.
- The article highlights that Fortinet (FTNT) received two 2024 Google Cloud Technology Partner of the Year Awards for Security, showcasing its strong collaboration with Google Cloud in providing advanced enterprise security solutions. However, despite these achievements, Fortinet's stock price experienced a decline of -0.25%, which could be attributed to general market fluctuations, investor sentiment, or specific factors impacting the cybersecurity sector.
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| 2024-04-05 | +2.43 % |
- The article discusses Fortinet's (FTNT) stock which was up by 2.43% and highlights various analyst ratings and price objectives, with Susquehanna reiterating a "neutral" rating and giving a price objective of $80. The stock went up possibly due to positive quarterly earnings results, where Fortinet reported $0.08 higher EPS than expected and a revenue increase, and also due to insider selling activity. Other contributing factors could include various analyst ratings and price target revisions, as well as hedge funds increasing their positions in the company.
- The article mentions that Fortinet (FTNT) stock went up by 2.43% last night, and this increase could be attributed to various hedge funds adding to or reducing their stakes in FTNT, coupled with positive analyst ratings and Fortinet's better-than-expected quarterly earnings report released on February 5th.
- The article discusses various developments in the enterprise and artificial intelligence sectors, such as concerns surrounding AI use, funding for AI-related companies, and updates from tech giants like Apple. Fortinet(FTNT) stock went up 2.43% last night, likely due to the company embedding new AI tools into its cybersecurity and networking portfolio, indicating potential growth and innovation.
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| 2024-04-04 | -2.93 % |
- The article discusses how Carderock Capital Management Inc. increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 7.6% in the 4th quarter, which was equivalent to 149,048 shares worth $8,724,000. This investment represented approximately 2.4% of Carderock Capital Management Inc.'s portfolio, and various other institutional investors and hedge funds also added or reduced their stakes in Fortinet. The stock price of Fortinet (FTNT) went down by -2.93% due to factors such as increased stakeholder selling by executives like CEO Ken Xie and VP Michael Xie, which led to negative market sentiment leading to the stock decline, despite positive quarterly earnings results.
- Summary: Fortinet stock (FTNT) was down 2.93% after Rosenblatt Securities reaffirmed a buy rating with a $85.00 price target, alongside various other analysts providing mixed ratings; the dip in stock price may have been influenced by this mixed sentiment and potentially by insider selling activity.
Reason for stock decline: The decline in Fortinet's stock price could be due to a combination of mixed analyst ratings, including some downgrades, and recent insider selling activity, such as CEO Ken Xie and VP Michael Xie selling significant amounts of company stock, which might have led to concerns among investors.
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| 2024-04-03 | +3.59 % |
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| 2024-04-02 | +1.52 % |
- Summary: Fortinet (FTNT) stock was up by 1.52%, and the article discusses the latest version of FortiOS operating system and updates to the Fortinet Security Fabric, attributing the stock increase to the company's continuous innovation and improvements in networking and security solutions.
Reason for Fortinet (FTNT) stock going up: Fortinet's stock likely rose due to the announcement of the latest version of its FortiOS operating system and other significant enhancements to the Fortinet Security Fabric, demonstrating the company's commitment to innovation, convergence of networking and security, and delivery of improved cybersecurity solutions.
- Summary: Allen Mooney & Barnes Investment Advisors LLC increased its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 8.0% in the fourth quarter, and other large investors have been buying shares as well. Despite insider selling, the stock of Fortinet went up by 1.52% last night. Analysts have given a variety of ratings for FTNT stock, resulting in an average "Hold" rating and price target of $71.55.
Reason for stock increase: The Fortinet stock went up due to a boost in investor confidence as various investment firms and large shareholders have increased their holdings in the company, indicating a positive outlook for the cybersecurity and networking solutions provider.
- The article discusses how Raymond James Financial Services Advisors Inc. increased its stake in Fortinet, Inc. (NASDAQ:FTNT), leading to the stock going up by 1.52% last night. The stock of Fortinet (FTNT) went up as more hedge funds and institutional investors increased their holdings in the company, with Raymond James Financial Services Advisors Inc. leading the pack by acquiring additional shares during the fourth quarter, ultimately boosting the stock price.
- Fortinet(FTNT) stock was up by 1.52% last night, attributed to the announcement of a conference call by Fortinet to discuss its first quarter 2024 financial results and highlight its position as a global cybersecurity leader driving the convergence of networking and security.
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| 2024-04-01 | -0.72 % |
- The article discusses Chicago Capital LLC's new stake in Fortinet, Inc. (NASDAQ:FTNT), with 8,148 shares purchased in the 4th quarter, valued at approximately $477,000, but the stock was down -0.72% last night possibly due to CEO and VP selling a significant number of shares in January and February, resulting in a total value of $13,043,608, and different brokerages lowering their ratings on FTNT from hold to reduce, neutral to outperform etc.
- The article discusses various IT news and developments, including HPE adding generative AI to its Aruba Central management platform, SK Hynix's investment promise in Indiana, and Andy Bechtolsheim settling insider trading charges. Fortinet (FTNT) stock was down by -0.72% last night, potentially due to broader market movements or factors specific to the company itself.
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| 2024-03-28 | +1.55 % |
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| 2024-03-27 | -0.27 % |
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| 2024-03-25 | -0.6 % |
- The article by Fool.com compares Palo Alto Networks (PANW), CrowdStrike (CRWD), and Fortinet (FTNT) as growth stocks to buy, with Fortinet's stock declining by -0.6% likely due to market conditions or specific company-related factors.
- The article discusses Fortinet, Inc. (FTNT) stock, which was down by 0.6% last night, with analysts giving the stock a "Hold" recommendation, citing various price targets and recent insider selling activities, while attributing the decline in stock price potentially to these factors and fluctuations in market sentiment.
- Fortinet (FTNT) stock was down 0.6% last night after Raymond James Trust N.A. reduced its stake in the company, and various other institutional investors also bought and sold shares, contributing to the decrease in stock value.
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| 2024-03-22 | -0.39 % |
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| 2024-03-21 | +1.03 % |
|
| 2024-03-20 | +0.12 % |
|
| 2024-03-18 | +1.24 % |
- The article discusses how Fortinet, Inc. (NASDAQ:FTNT) stock rose by 1.24% last night. The increase in short interest for the company in February, alongside insider selling activities and modifications in holdings by institutional investors and hedge funds, led to fluctuations in the stock price, with analysts issuing mixed ratings and price targets. The company provides cybersecurity and networking solutions globally, with recent quarterly earnings exceeding consensus estimates, indicating positive revenue growth potential for the current year.
- The article discusses how Fortinet (FTNT) stock went up by 1.24% the previous night, attributed to various large investors significantly boosting their stake in the company during the fourth quarter, including Daymark Wealth Partners LLC, Wedmont Private Capital, Curated Wealth Partners LLC, Woodstock Corp, Tealwood Asset Management Inc., and Diversified Trust Co, leading to increased confidence and positive market outlook for Fortinet.
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| 2024-03-15 | -1.94 % |
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| 2024-03-14 | -3.05 % |
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| 2024-03-13 | -1.63 % |
- The article reports that Diversified Trust Co reduced its position in Fortinet, Inc. (NASDAQ:FTNT) by 33.6% in the third quarter, which may have contributed to a decrease in the stock price. The decline in the stock price could also be influenced by other institutional investors modifying their holdings, as Fortinet's stock experienced a 1.63% decrease.
- Summary: Comerica Bank increased its stake in Fortinet, Inc. (FTNT) by 251.8% in the third quarter, owning 307,911 shares worth $18,068,000, leading to a boost in institutional ownership of the company, but last night the FTNT stock was down -1.63%. The stock's decline may be attributed to the overall market conditions, profit-taking by investors, or other external factors affecting the technology sector.
The Fortinet (FTNT) stock went down likely due to general market conditions, such as profit-taking by investors or broader trends affecting the technology sector, despite increased institutional ownership and positive analyst ratings.
- The article discusses Fortinet, Inc. (NASDAQ:FTNT) stock, which was down by -1.63% last night, as Diversified Trust Co reduced its position in FTNT shares by 33.6% in the 3rd quarter, with several other institutional investors also adjusting their stakes in FTNT. The stock went down partially due to such position reductions by major investors.
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| 2024-03-11 | +0.15 % |
- The article discusses The Manufacturers Life Insurance Company lowering its stake in Fortinet, Inc. (FTNT) by 2.0% during the third quarter, as well as various other hedge funds either adding to or reducing their stakes in FTNT, and also highlights recent insider selling activity. Fortinet's stock went up 0.15% last night, and analysts anticipate the company will post positive earnings per share for the current fiscal year due to its strong financial performance, cybersecurity solutions, and revenue growth.
- The article discusses Windstream Enterprise unveiling Secure Flex Premium, a suite of technology solutions powered by Fortinet aimed at providing customized cybersecurity infrastructure for large enterprises, which led to a positive impact on Fortinet (FTNT) stock by 0.15% last night due to the collaboration creating a dedicated single-tenant architecture backed by Fortinet's advanced cybersecurity and networking technologies to meet evolving network security needs and digital transformation initiatives for businesses.
- Fortinet (FTNT) stock was up by 0.15% last night as Fortinet was recognized as a Leader in the 2024 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure, mainly due to the strength of its Secure Connectivity portfolio and integrated networking and security solutions built on Fortinet's Security Fabric, which reduces complexities, lowers costs, and improves overall performance, resulting in increased investor confidence and the rise in the stock price.
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| 2024-03-08 | -2.35 % |
- The article discusses how Fortinet (FTNT) stock went down by -2.35% last night, with StockNews.com cutting shares from a buy rating to a hold rating due to analyst reports and insider selling activity, leading to changes in investor positions.
- The article discusses the stock market movement, with the Dow Jones Industrial Average rising, tech companies like Nvidia and Super Micro Computer surging to new highs, and various stocks exhibiting different movements. Fortinet (FTNT) stock was down by -2.35%, which could be attributed to the overall market conditions, specific company performance, or investor sentiment.
- Summary: The cybersecurity industry is experiencing mixed results, with Fortinet (FTNT) stock declining due to slowing revenue and billings growth, contrasting with the strong performance of peers like CrowdStrike. Factors contributing to Fortinet's downward trend include a significant slowdown in billings growth, decline in product revenue, and a less optimistic outlook for the full year.
Reason for Fortinet (FTNT) stock going down: Fortinet's stock went down due to slowing revenue and billings growth, significant deceleration in billings growth, consecutive decline in product revenue, and a less positive outlook for the full year, resulting in investors reacting to the company's decreasing growth prospects.
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| 2024-03-06 | +3.3 % |
- The article discusses the increase in Fortinet (FTNT) stock by 3.3% following a market rally in tech stocks, particularly after Federal Reserve Chair Jerome Powell reinforced expectations of interest rate cuts later in the year, combined with positive sentiments and gains in the tech sector including chip stocks and cybersecurity firms like CrowdStrike, Box Inc, and Fortinet.
- The article discusses how CrowdStrike's strong annual forecasts led to a surge in cybersecurity stocks before the bell on Wednesday, including companies like Fortinet (FTNT) seeing a 3.3% increase as investors show confidence in platforms that offer streamlined security solutions amidst growing cyber threats like generative AI.
- The article highlights CrowdStrike's positive performance, which led to a rally in cybersecurity stocks such as Fortinet (FTNT), with experts attributing the rise to robust demand for unified cybersecurity platforms amidst increased cyber threats and high-profile hacking incidents.
- The article discusses various market movements and premarket stock activity, including Fortinet (FTNT) rising 3.3% after fourth-quarter revenue growth and positive revenue expectations, contributing to the overall upturn in the market that day. Generally, positive announcements such as strong revenue growth, exceeding estimates, and optimistic revenue forecasts can lead to an increase in a company's stock price.
- The article discusses how Fortinet (FTNT) stock went up by 3.3% after CrowdStrike's 23% surge led to a rally in cybersecurity stocks, indicating that businesses are showing interest in consolidated platforms to enhance efficiency and optimize spending in response to rising cybersecurity threats.
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| 2024-03-05 | -3.29 % |
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| 2024-03-04 | +1.35 % |
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| 2024-03-01 | +1.92 % |
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| 2024-02-29 | -0.58 % |
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| 2024-02-28 | -0.63 % |
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| 2024-02-27 | +2.27 % |
- Fortinet's (FTNT) stock rose by 2.27% last night, and analysts have varied ratings on the stock ranging from sell to buy, with a 1-year target price of $71.55; the stock likely increased due to positive reviews and analyst recommendations, as well as recent insider buying and institutional investments.
- Summary: Fortinet (FTNT) stock was up by 2.27% recently, and the increase in its value might be influenced by institutional investors such as Eagle Asset Management reducing its position in FTNT while other hedge funds like Moneta Group Investment Advisors LLC, Norges Bank, Nordea Investment Management AB, Robeco Institutional Asset Management B.V., and DSM Capital Partners LLC have modified their holdings with increased stakes. Additionally, various analyst reports and ratings for FTNT have been released, and company insiders have recently sold shares. FTNT is a cybersecurity and networking solutions provider with a recent positive earnings report and expectations for future EPS growth.
Reason for Stock Rise: The rise in Fortinet (FTNT) stock value is likely influenced by a combination of institutional investment adjustments, positive analyst reports, and favorable earnings results leading to increased investor confidence in the company's cybersecurity and networking solutions.
- Fortinet (FTNT) stock went up by 2.27% last night, as the cybersecurity industry is booming with the global cybersecurity market revenue projected to reach $183.10 billion, indicating an increased focus on safeguarding individuals and their valuable assets in an interconnected world. The rise in FTNT stock could be attributed to Fortinet's commitment to providing high-performing network security solutions that protect organizations from various cyber threats like malware, ransomware, and phishing attacks.
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| 2024-02-26 | +1.12 % |
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| 2024-02-23 | +1.02 % |
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| 2024-02-22 | +2.48 % |
- The article discusses how Fortinet (FTNT) stock rose by 2.48%, partly attributed to Pearl River Capital LLC purchasing 7,056 shares of the company's stock valued at approximately $414,000 during the 3rd quarter, as well as other institutional investors and hedge funds modifying their holdings. The increase in stock value could also be influenced by positive earnings results and various analyst ratings signaling potential growth in the cybersecurity and networking solutions company.
- The article discusses how the S&P 500 and Dow Jones saw small gains, while the Nasdaq closed lower, with Nvidia's positive earnings impacting the market sentiment. Fortinet (FTNT) stock rose by 2.48%, likely benefiting from optimism surrounding the strong performance of Nvidia, which dominates the AI market as a leading tech stock.
- The article discusses the rise of Fortinet(FTNT) stock by 2.48%, attributing this increase to the strategic shift of Palo Alto Networks towards a platform approach in cybersecurity, prompting a major industry shakeup by accelerating cybersecurity "platformization" through bundling products together, causing price wars and leading to a decrease in Palo Alto's stock value, as investors feared revenue subsidization for customer acquisition but presenting a long-term gain potential for market share expansion and cybersecurity consolidation, as well as the company's goal to reach $15 billion in annualized recurring revenue by 2030.
- Fortinet (FTNT) stock was up by 2.48% last night, with the news of Maggie Wilderotter's appointment to Fortinet's board of directors contributing to the positive momentum as her extensive leadership experience and strategic insights are expected to accelerate enterprise sales and sustainable growth for the company.
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| 2024-02-21 | -3.78 % |
- The article discusses the performance of various technology stocks, including Nvidia, Palo Alto Networks, and Fortinet (FTNT), among others. Fortinet's stock went down likely due to weakness in the cybersecurity sector, as companies like Palo Alto Networks reported lower forecasts, causing a broader decline in cybersecurity stocks.
- Summary: Fortinet (FTNT) stock faced a 3.78% decline last night as part of a broader decrease in technology shares, with cybersecurity companies like Fortinet, Zscaler, and Crowdstrike Holdings experiencing drops due to Palo Alto Networks forecasting third-quarter billings below estimates.
Reason for Fortinet (FTNT) stock decline: The decline in Fortinet (FTNT) stock was part of a wider trend in the technology sector following cybersecurity firm Palo Alto Networks forecasting third-quarter billings below analyst estimates, which had a spillover effect on other cybersecurity companies like Fortinet.
- Fortinet (FTNT) stock was down 3.78% last night amidst a broader sell-off in U.S. equities, influenced by factors such as cybersecurity industry trends, company-specific announcements, and geopolitical news impacting natural gas prices.
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| 2024-02-20 | -0.83 % |
- The article discusses QRG Capital Management Inc.'s new stake in Fortinet, Inc. (FTNT) and the selling activities of insiders, including VP Michael Xie and CFO Keith Jensen, with a total of 189,316 shares sold over the last three months. The stock price of Fortinet (FTNT) went down likely due to the selling activities of insiders and the negative return on equity reported in its recent quarterly earnings results.
- Envestnet Asset Management Inc. increased its holdings in Fortinet, Inc. by 13.6% during the 3rd quarter and other institutional investors also bought shares, but the stock went down by -0.83% last night due to reasons such as downgraded ratings by equities research analysts, negative return on equity, and net margin, despite the company reporting higher than expected earnings per share in its recent financial results.
- The article discusses how Fmr LLC reduced its stake in Fortinet (FTNT) by 42.8% in the third quarter, alongside other institutional investors adjusting their holdings in the company, which may have contributed to Fortinet's stock being down by -0.83%.
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| 2024-02-16 | -2.53 % |
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| 2024-02-15 | -0.87 % |
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| 2024-02-13 | -1.22 % |
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| 2024-02-12 | -0.26 % |
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| 2024-02-09 | +3.82 % |
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| 2024-02-08 | -3.11 % |
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| 2024-02-07 | +3.78 % |
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| 2024-02-06 | +2.1 % |
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| 2024-02-05 | -0.53 % |
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| 2024-02-02 | -0.02 % |
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| 2024-01-31 | -3.33 % |
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| 2024-01-30 | +0.39 % |
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| 2024-01-29 | +0.5 % |
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| 2024-01-25 | -0.85 % |
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| 2024-01-24 | +2.64 % |
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| 2024-01-23 | +2.79 % |
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| 2024-01-22 | +2.89 % |
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| 2024-01-19 | -0.83 % |
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| 2024-01-18 | +1.3 % |
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| 2024-01-17 | -2.23 % |
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| 2024-01-16 | -0.7 % |
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| 2024-01-11 | +1.43 % |
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| 2024-01-05 | -0.09 % |
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| 2024-01-03 | +0.12 % |
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| 2024-01-02 | -1.28 % |
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| 2023-12-29 | -1.46 % |
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| 2023-12-28 | +0.1 % |
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| 2023-12-22 | +1.3 % |
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| 2023-12-18 | -2.97 % |
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| 2023-12-15 | +1.37 % |
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| 2023-12-14 | +3.07 % |
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| 2023-12-12 | +2.61 % |
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| 2023-12-11 | +2.84 % |
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| 2023-12-08 | +1.64 % |
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| 2023-12-07 | -0.98 % |
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| 2023-12-06 | -1.31 % |
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| 2023-12-05 | +0.52 % |
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| 2023-12-01 | -0.13 % |
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| 2023-11-30 | -1.94 % |
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| 2023-11-29 | +1.53 % |
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| 2023-11-28 | -1.77 % |
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| 2023-11-27 | +0.58 % |
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| 2023-11-24 | +0.87 % |
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| 2023-11-22 | +0.74 % |
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| 2023-11-17 | +1.67 % |
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| 2023-11-16 | -1.25 % |
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| 2023-11-14 | +2.03 % |
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| 2023-11-13 | -1.02 % |
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| 2023-11-10 | +2.32 % |
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| 2023-11-09 | -1.13 % |
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| 2023-11-08 | +1.45 % |
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| 2023-11-07 | -1.16 % |
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| 2023-11-06 | -0.75 % |
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| 2023-11-03 | -12.35 % |
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| 2023-11-02 | +0.49 % |
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| 2023-10-30 | +0.11 % |
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| 2023-10-25 | -2.78 % |
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| 2023-10-24 | +2.57 % |
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| 2023-10-20 | -2.44 % |
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