Fortinet's stock is currently trading at a 33% discount following strong third-quarter results and an upgraded guidance for 2026. This positions Fortinet and other cybersecurity stocks like SentinelOne and Okta as attractive investments offering growth and diversification away from volatile AI stocks. Despite a recent tech sell-off, strong US GDP growth and solid earnings suggest a rebound, especially for large-cap tech and cybersecurity sectors. The analyst plans to increase exposure to cybersecurity through stocks and ETFs, balancing this with AI investments for a diversified growth strategy.
Fortinet is trading at USD 136.70 on Pluang as of Nov 02, 2026 09:51 WIB, down 21.47% in one day and currently 30% below its 52-week high of USD 194.75, highlighting the discount mentioned in the article. SentinelOne and Okta show smaller daily declines of 1.06% and 3.90% respectively, with SentinelOne near its 52-week high at USD 25.32 compared to a low of USD 11.94, indicating varied investor sentiment across cybersecurity stocks. This contrast in price movements and ranges illustrates the differing market dynamics within the sector right now.
Cybersecurity stocks like Datadog, CrowdStrike, Palo Alto Networks, and Fortinet dropped alongside broader tech shares despite a $6.3 billion Binance crypto hack highlighting the need for digital defense. The decline is driven by concerns over big te...
Jim Cramer recommended investors sell Fortinet stock after its shares dropped nearly 20% despite beating earnings, citing Fortinet's narrow product focus and weakness in service revenue growth. He suggested buying Palo Alto Networks and CrowdStrike i...
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Fortinet's stock fell 20% after it reported Q3 earnings that beat expectations and raised its billings outlook, but lowered its full-year service revenue forecast. The company explained the slower service revenue growth as a timing issue with large c...
