Back

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: BEARISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with FTNT



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


TPR Forecast + Options Trading Strategies   [TPR]  Tapestry (0.83)


SWAV Forecast + Options Trading Strategies   [SWAV]  ShockWave Medical (0.81)


QYLD Forecast + Options Trading Strategies   [QYLD]  Global X NASDAQ 100 Covered Call (0.8)


WYNN Forecast + Options Trading Strategies   [WYNN]  Wynn Resorts (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to FTNT



IGT Forecast + Options Trading Strategies   [IGT]  International Game Technology (-0.0)


ARDX Forecast + Options Trading Strategies   [ARDX]  Ardelyx (0.0)


PAR Forecast + Options Trading Strategies   [PAR]  Par Technology (0.0)


MITK Forecast + Options Trading Strategies   [MITK]  Mitek Systems (-0.0)


AAPL Forecast + Options Trading Strategies   [AAPL]  Apple (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against FTNT



ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (-0.65)


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


UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.68)


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


LNG Forecast + Options Trading Strategies   [LNG]  Cheniere Energy (-0.77)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!