If you have been wondering whether Fortinet is a bargain or a value trap at today’s price, you are not alone. This breakdown is designed to give you a clear, no jargon answer.
Despite being down about 14.9% year to date and 17.5% over the last year, the stock has still delivered a 68.5% return over 3 years and 172.5% over 5 years, which indicates that longer term holders have been rewarded for their patience.
Recent moves in Fortinet’s share price have been shaped by ongoing demand for cybersecurity solutions and shifting investor expectations around growth in network security and secure access services. At the same time, competitive pressures from large rivals and evolving enterprise IT spending priorities have added some…
