Bullish Case: Fortinet's continuous innovation in cybersecurity and strategic partnerships position it well for growth, despite recent security concerns. Increased patching efforts show proactive risk management.


Bearish Case: Persistent security vulnerabilities and insider trading concerns continue to erode trust, which may lead to customer attrition and negatively impact stock performance.


Potential Outcomes:

1) Swift vulnerability management boosts confidence, increasing stock price (50% chance).

2) Security issues lead to customer loss, decreasing stock (30% chance).

3) Insider trading allegations worsen, affecting stock (20% chance).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 17, 2024


Fortinet Forecast

FTNT        Fortinet
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with FTNT



HYLN Forecast + Options Trading Strategies   HYLN  Hyliion (0.86)


EW Forecast + Options Trading Strategies   EW  Edwards Lifesciences (0.84)


TPR Forecast + Options Trading Strategies   TPR  Tapestry (0.83)


WYNN Forecast + Options Trading Strategies   WYNN  Wynn Resorts (0.81)


HGV Forecast + Options Trading Strategies   HGV  Hilton Grand Vacations (0.81)



Uncorrelated Stock Forecasts

Assets with little price relationship to FTNT



SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (-0.0)


HACK Forecast + Options Trading Strategies   HACK  ETFMG Prime Cyber Security (-0.0)


PAAS Forecast + Options Trading Strategies   PAAS  Pan American Silver (0.0)


PCG Forecast + Options Trading Strategies   PCG  PG&E (0.0)


EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FTNT



ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (-0.66)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.66)


UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.67)


TDS Forecast + Options Trading Strategies   TDS  Telephone And Data Systems (-0.69)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.78)


FTNT News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






Become a more profitable investor with AI optimized trading strategies






×

Chat with FTNT


 Ask me any question!