This Technology Stock Has Soared 74% in a Year. Is It Worth Buying Hand Over Fist Right Now?
The past year has been a rewarding one for Fortinet (NASDAQ: FTNT) investors. Share prices of the cybersecurity specialist recorded impressive gains of 74%, comprehensively beating the comparable 17% gains recorded by the tech-laden Nasdaq Composite index.However, Fortinet's quarterly results for the first quarter of 2025 (released on May 7) sent the stock price into a tailspin the following day. Though the cybersecurity company's revenue and earnings exceeded Wall Street's expectations, investors were not impressed by the lukewarm guidance.Let's take a closer look at Fortinet's business and check if the recent weakness in the stock could be a buying opportunity for savvy investors looking to add a growth stock to their portfolios.Continue reading
The past year has been a rewarding one for Fortinet (NASDAQ: FTNT) investors. Share prices of the cybersecurity specialist recorded impressive gains of 74%, comprehensively beating the comparable 17% gains recorded by the tech-laden Nasdaq Composite index.
However, Fortinet's quarterly results for the first quarter of 2025 (released on May 7) sent the stock price into a tailspin the following day. Though the cybersecurity company's revenue and earnings exceeded Wall Street's expectations, investors were not impressed by the lukewarm guidance.
Let's take a closer look at Fortinet's business and check if the recent weakness in the stock could be a buying opportunity for savvy investors looking to add a growth stock to their portfolios.
