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Episode 89: Fortinet Stock Rally – Is It A Top Cybersecurity Buy For 2024?
In 2023, top cybersecurity pure-play Fortinet left us wondering how things were going to be shaping up as we entered 2024. The guidance for Q4 2023 left us feeling a little “meh.” But, great news! Fortinet’s management under-promised and over-delivered! Despite initial uncertainties due to a projection for billings to drop, Fortinet exceeded financial guidance. While Q1 2024 is expected to be lackluster due to the networking infrastructure industry cycle downturn, Fortinet's growth prospects for later in 2024 and beyond is looking positive! Chip Stock Investors Nick and Kasey break the…
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