nasdaqftnt
Key PointsCybersecurity spending on enterprise information security is projected to grow rapidly, driven by factors such as AI.Fortinet stands out as the cybersecurity stock with the best combination of price and earnings growth.The company’s earnings growth accelerated in recent quarters, ranging from 26% to 79%.The global market for AI-based cybersecurity products is predicted to reach approximately $135 billion by 2030.Bank of America increased its price target on Fortinet after the company’s participation in the Global Technology Conference.5 stocks we like better than FortinetCybersecurit...
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Shares of Palo Alto Networks are up 40% this year already.The company may continue to trend toward fresh highs.Concerns remain around its valuation.5 stocks we like better than FortinetDespite dropping 25% into the new year, shares of Palo Alto Networks Inc (NASDAQ:PANW) turned north about halfway through January and haven’t stopped going since. Shares are now up a full 40% from that low, and after last week’s update, they look to be on track to keep going. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held ...
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The information technology sector of the S&P 500 declined -28% in 2022.Lam Research is a behind-the-scenes tech company that will power the digital economy for years.Qualcomm stock screams value at less than 10x earnings — and a $3.00 annual dividend to boot.Fortinet is a cybersecurity leader and has topped Wall Street earnings estimates every quarter over the last five years.5 stocks we like better than Lam ResearchIn what was a forgettable 2022 for the S&P 500, the information technology sector declined -28%, on par with REITs for the year’s worst economic group. A surge in interest rates, 4...
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Did you hear LastPass was hacked? LastPass is a popular password manager that stores all your online passwords in one spot. You likely have logins for dozens of websites. Your bank, your brokerage, Amazon, Gmail… the list goes on. The average internet user has between 70 and 80 passwords saved on their computer. That’s too many logins to remember. I’m often clicking the “forgot your password” link. Q2 2022 hedge fund letters, conferences and more LastPass solves this problem. It takes all your login details and locks them in an online vault you can only access by inputting your “master passwor...
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Tech stocks lifted the Nasdaq to a small gain Thursday, but rival gauges slipped US Stocks drifted like a summer breeze on Thursday before settling mixed, portraying investors who’ve fixed their positions ahead of Friday’s US jobs report. The Nasdaq composite index, led by the world’s largest tech companies, continued to charm the market and settled up 0.4%, while the S&P 500 Index slipped 0.8% and the Dow Jones Industrial Average shed 0.3%. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorTrading across the S&P 500's 11 industry sectors was mixed as energy fe...
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