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Fortinet (NASDAQ: FTNT) occupies a leadership role in the growing cybersecurity industry.The stock has retreated from its year-to-date high, prompting some investors to consider it a good company ...
Assuming Fortinet trades at a similar multiple after five years (which would be a significant discount to its current earnings multiple), its stock price could jump to $119 (based on the projected ...
Fortinet introduced its first product, FortiGate, in 2002, followed by anti-spam and anti-virus software. [4] [5] The company raised $13 million in private funding from 2000 to early 2003. [4] Fortinet's first channel program was established in October 2003. [6]
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Since then, Ken Xie has served as Fortinet's CEO, while Michael Xie is president and chief technology officer. [6] [7] Xie has stated that he founded Fortinet because he believed that security must be embedded in the end-to-end computing and networking infrastructure. [8] The Xie brothers launched the initial FortiGate products in May 2002. [9]
[4] [5] The majority of companies acquired by Cisco are based in the United States (U.S.) and a total of 149 companies have been acquired as of March 2011 [update] . [ 6 ] Most of the companies acquired by Cisco are related to computer networking, with several LAN switching and Voice over Internet Protocol (VoIP) companies included in the list ...
Fool.com contributor Parkev Tatevosian determines whether Fortinet (NASDAQ: FTNT) stock is a buy at current valuations. *Stock prices used were the afternoon prices of Aug. 9, 2024. The video was ...