FORTINET INC. surged on Wednesday, outperforming the market on a strong trading day.

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FORTINET INC ($NASDAQ:FTNT). is a technology company that provides network and cyber security solutions. The company’s stock surged on Wednesday, outperforming the market on a strong trading day. FORTINET INC. has been growing rapidly in recent years, thanks to the increasing demand for its network and cyber security solutions. The company is well-positioned to benefit from the continued growth of the network and cyber security market.

The company’s stock is expensive, but investors are willing to pay a premium for its growth potential. FORTINET INC. is a good long-term investment for investors who are looking for growth.

Price History

The stock has been mostly in the news for positive reasons and on Monday it opened at $56.4 and closed at $57.2, up by 0.1% from its last closing price of 57.1.

VI Analysis

FORTINET INC is a low risk investment in terms of financial and business aspects, according to the VI Risk Rating. The company’s fundamentals reflect its long term potential. However, the VI App has detected 2 risk warnings in the balance sheet and cashflow statement. Register on vi.app to check it out.

VI Peers

There is fierce competition among Fortinet Inc and its competitors: SecureWorks Corp, DBAPPSecurity Co Ltd, Mandiant Inc. All four companies offer products and services that help organizations secure their networks and data from cyber threats. Fortinet Inc has a strong market share in the network security space, but its competitors are gaining ground. Each company has its own strengths and weaknesses, and it is up to the customer to decide which one is the best fit for their needs.

– SecureWorks Corp ($NASDAQ:SCWX)

SecureWorks Corp is a publicly traded company with a market capitalization of 687.41 million as of 2022. The company has a return on equity of -9.05%. SecureWorks Corp is a provider of cybersecurity solutions and services. The company’s solutions and services are designed to help organizations protect their data and defend against cyber threats.

– DBAPPSecurity Co Ltd ($SHSE:688023)

DBApps Security Co Ltd has a market cap of 13.74B as of 2022, a Return on Equity of -5.12%. DBApps Security Co Ltd is a provider of online security solutions. The company offers a range of products and services including online security, anti-virus protection and online privacy protection.

Summary

FORTINET INC is a great investment for those looking for a strong company with a bright future. The company has seen a lot of success in recent years and is expected to continue growing at a rapid pace.