Get started
FORTINET INCDRNFORTINET INCDRNFORTINET INCDRN

FORTINET INCDRN

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Seasonals Bonds

F1TN34 trade ideas

Trade Journal: Long FTNT - 1/27/2020Market indexes pulled back today with a gap down and a closer lower. A lot of strong, trending names have been pulling back into the 20MA and I wanted to go long a stock with the best looking setup. FTNT has been on a powerful uptrend for the three months since breaking out in November 2019. FTNT tests and holds the 20MA three times within this recent trend. Today FTNT gapped down and made a nice high volume hammer though the 20MA and closed above it. This is called the Holy Grail trade. One of the key factors in the Holy Grail trade is to find trending stocks with strong fundamentals. FTNT has a solid fundamental rating on IBD and has strong earning/sales growth making FTNT a high growth stock. Entry - 114.45 Stop Loss - 111.60 Target 1 - 120 Target 2 - 125 I will continue to hold FTNT until the stock closes below the 20MA on the daily chart. Note - Despite many quality names having the same setup today, I only took a nibble at one encase the markets choose to continue the downside momentum. Market movement will affect this trade. I do believe we are currently at short term oversold conditions and the prospects of a bounce are strong technically.
NASDAQ:FTNTLong
by Trader_Kaji
$FTNT:NASDAQ - FORTINET INC - Cybersecurity will be hot in 2020I've been looking for some Cybersecurity stocks for my portfolios and think that Fortinet might be worth a look. The wars of the future will increasingly be economic and with things like AI and Quantum Computing its going to be really interesting to see how defensive technologies evolve to try and combat them. Fortinet seems to have had some good price momentum lately up 66% over the last 12 months so will look for a possible entry - especially with the increased awareness the US / Iran dispute is bringing to the digital warfare space. Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments Network Security, Fortinet Security Fabric, Cloud Security and Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Fortniet Security Fabric segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Internet of Things and Operational Technology segment include the proliferation of Internet of Things ("IoT") and an Operational Technology ("OT") device has generated new opportunities for it to grow it business. IoT and OT have created an environment where data move freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.
NASDAQ:FTNTLong
by zAngus
Fortinet: Cup with Handle Breakout from April's Last ATHI've been watching FTNT for a while but have hesitated to purchase into it over the Summer while the broader market consolidated. Not that the indexes have resumed the rally, I bought into FTNT the other day (and thought I publisehd an idea about it then!), so I need to publish one before it runs too far beyond a good long term buy point. All moving averages and trend direction with accumulation. Volume is soaring, and even though the RSI is high and show short term overbought, the double top breakout from the last ATH in April tells me it's going to keep going. As with all ideas, confirm this with your own research.
NASDAQ:FTNTLong
by chuckination
$FTNT Fortinet Beats and Raises. Earnings Highligts Fortinet (NASDAQ:FTNT) +9.7% beats Q3 estimates with 21% Y/Y revenue growth. The in-line Q4 outlook sees $595-610M in revenue and $0.69-0.71 EPS. Q4 billings expected from $750-765M, gross margin from 75.5-76.5% and operating margin from 25.5-26%. For the FY, Fortinet lifts its billings guidance from $2.51-2.54B to $2.55-2.57B. Service revenue raises from $1.34-1.36B to $1.36-1.37B, and adjusted gross margin from 75.5-76.5% to 76.5-77%. Q3 service revenue totaled $350.4M and product revenue was $197.1M. Billings grew 19% Y/Y to $626.6M. Source Seeking Alpha P/E ratio 38 Average analysts price target $96 | Overweight. Company profile Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments Network Security, Fortinet Security Fabric, Cloud Security and Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Fortniet Security Fabric segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Internet of Things and Operational Technology segment include the proliferation of Internet of Things ("IoT") and an Operational Technology ("OT") device has generated new opportunities for it to grow it business. IoT and OT have created an environment where data move freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.
NASDAQ:FTNTLong
by Bullishcharts
FTNT! Here we go again!!! I am so shorting you again!!!Hello Traders :) Previously we managed to get an amazing short and we believe the TREND of FTNT NASDAQ:FTNT is still going-down we wrote two ideas and this is our third idea about the company!!! Below is the history... In our first idea and position, I managed a short from 92$ and reached a 68$ achieving 35% gain.. (please check the idea below) However, due to the fact that we believe the general trend is going down, we decided to keep our position. I identified a new loss stop at 81$ in which the price reached and we exited. (please check the idea below) I come back again today and I say there is a possibility of continuing the down-trend. . and we will be making a new entry as below Happy Hola Freaking Trading Everyone ;)
NASDAQ:FTNTShort
by Harbs
Fortinet: Cybersecurity Software Rallying AgainI have been looking for another tech stock outside of the semiconductor space, and I believe I've found it with Fortinet. They had a solid earnings surprise at the end of February and after a choppy, volatile couple of months, they appear to be rallying again with the recent market tailwinds. The price is hitting the top Bollinger Band, MACD just crossed in the last few days, ADX is rising into trendedness with DI+ diverging upward strongly from DI-. RSI isn't yet overbought, so the timing is opportune for speculation.
NASDAQ:FTNTLong
by chuckination