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FORTINET INCFORTINET INCFORTINET INC

FORTINET INC

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FTNT trade ideas

Quick flip - long FTNT-FTNT is solidly in 12M, 6M and 3M uptrends. -It bounced nicely today off of near term support and its regression channel bottom. -It has been an excellent trade for me using my algo + FPC exit. Historically, (including backtesting) its W/L is 340-2* (the 2 are the last 2 days) though I didn't trade it yesterday. I'm already regretting not buying a double lot today to make up for that. -Since April, no trade has taken more than 3 days to close profitably and that only happened once. 68% of them have closed profitably in one day (16 of 25 trades). Over its history with this system, the average holding period with FTNT is 12 trading days and has an average gain of 2.12% (45% annualized and .17% per day held). That's 4x the average daily return of SPY. In this twitchy market, another selling point is that over its entire history, including major corrections, it required a max of 9 lots of capital committed using this system. Essentially that means relatively short drawdowns. BTW, my initial lot entry price was 92.485 Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:FTNTLong
by redwingcoach
FTNT Consolidation with Earnings on the HorizonThis is another consolidating triangle although I dont really care for how abrasive the price action has been. I prefer the consolidations to be more swoopy and less spikey. That said, this still qualifies. Volume has been largely contained complete. The last spike to the top line reads as a false breakout to me which does provide some concern. That said, I still like this as an entry provided there are 2 more days of sideways movement with lower than average volume. The price target is estimated a jump of 25% based on the last 2 pumps of 31% and 28% (average of 3% drop on each push). IF there's an entry and you're a block target exit kinda person, aim for 20%. Stop is under the support line as always. I would choose to give this a bit of a wide birth on the stop to avoid hunters. A word of caution (or excitement depending on your viewpoint), earnings is about a month away. There is too much uncertainty during the earnings releases for me so I choose to close positions and sit out. I have other strategies for handling earnings.
NASDAQ:FTNTLong
by chaser012001
4
Is the Next Cybersecurity Giant Already Hiding in Plain Sight?At a time when most tech companies are navigating turbulent markets, Fortinet's remarkable Q3 performance tells a story that goes beyond mere numbers. With a 13% revenue surge to $1.51 billion and service revenue climbing 19.1% to $1.03 billion, the company isn't just growing – it's redefining what's possible in the cybersecurity landscape. But the real intrigue lies in the phoenix-like resurrection of its firewall business, which has returned to positive growth after several quarters of decline, suggesting a strategic mastery that few companies have achieved in this sector. The convergence of three critical factors sets the stage for what could be a transformative period in Fortinet's journey. First, the imminent arrival of the largest firewall refresh cycle in the company's history, set to peak in 2026, creates a rare market opportunity. Second, the company's aggressive expansion into generative AI, now spanning seven different products, positions it at the forefront of technological innovation. Third, institutional investors are taking notice, with Los Angeles Capital Management LLC increasing its holdings by an astounding 3,155.6% – a vote of confidence that speaks volumes about the company's prospects. What makes this narrative particularly compelling is Fortinet's ability to execute on multiple fronts simultaneously. While most companies struggle to maintain growth in their core business while innovating for the future, Fortinet has managed to do both. The company's CFO, Keith Jensen, notes that the upcoming refresh cycle will uniquely impact mid-range firewalls – a departure from historical patterns that typically focused on entry-level products. This strategic positioning, combined with the company's AI-driven innovation and strong financial fundamentals, suggests that Fortinet isn't just participating in the cybersecurity market's evolution – it's actively shaping it. The question isn't whether Fortinet will continue to grow, but rather how far its influence in the cybersecurity landscape will extend. As cyber threats become increasingly sophisticated and digital transformation accelerates across industries, companies that can successfully blend networking and security while leveraging cutting-edge AI capabilities will likely emerge as the leaders of tomorrow. Fortinet's current trajectory suggests it's not just preparing for this future – it's already there, waiting for the rest of the market to catch up.
NASDAQ:FTNTLong
by signalmastermind
1
Fortinet (FTNT) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
CAPITALCOM:FTNT
by TradePolitics
5/2/24 - $ftnt - don't get why to own this... careful fam5/2/24 - vrockstar - seems a bit rich at 8x sales for sub 10% growth. cash machine, won't have the "guide" problem (well as much as more obvious candidates per the product niche/ security cyber). that being said, high 30s PE just buys you a better aapl, msft, slightly more obvious see-through risk. i'd look to short an outsized pop here to the range highs of mid 70s. realistically though i'll probably just let this one float. curious why ppl who own this are willing to pay these mutliples. seems lazy? exit - rotate into NASDAQ:NVDA or something w/ substantially better growth w/ only slightly higher multiples on an adj. fwd basis? hrm.
NASDAQ:FTNTShort
by VROCKSTAR
1
Fortinet innovates with cybersecurity OS. Trading Idea 5/04/24Fortinet Inc. (Ticker: FTNT) has made headlines by introducing significant updates to its cybersecurity offerings. This move signals a strategic push towards consolidating its position within the cybersecurity domain. The company is pioneering a novel approach with the development of the comprehensive cybersecurity operating system, FortiOS. This system aims to streamline cyber defence by providing an integrated solution capable of guarding against a wide array of cyber threats through a singular platform. FortiOS distinguishes itself by amalgamating various defensive techniques, ranging from access policies and device geolocation to utilising generative artificial intelligence and dedicated processors designed for cybersecurity computations. This integration facilitates a more streamlined deployment process, potentially reducing the need for extensive manual management and energy consumption compared to using separate tools from multiple vendors. In light of this strategic development, investors and traders might see potential value in examining Fortinet's stock for investment opportunities. Technical analysis of Fortinet Inc. (FTNT) stock Daily (D1) timeframe: The stock chart reveals a 64.86 USD support and a 73.91 USD resistance level Since November 2023, Fortinet's stock has been in an uptrend, punctuated by minor corrections Hourly (H1) timeframe: For traders looking at shorter timeframes, breaking above the 73.91 USD resistance level could indicate an opportunity for long positions, with a short-term target of 80.34 USD In the medium term, holding a long position with a target of 90.30 USD seems plausible, should the upward momentum continue beyond the short-term target This analysis suggests a bullish outlook for Fortinet's stock in the near to medium term, spurred by the company's innovative strides in cybersecurity. However, as with all investments, monitoring market conditions, company performance, and broader economic factors that could influence stock movement is crucial. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:FTNT
by RoboMarkets
FTNT: Dark Pool Buy Zone SupportNASDAQ:FTNT is a good example of a stock that had a big gap down that immediately filled due to falling below its fundamental level and a Dark Pool Buy Zone. This and the sideways trading range developing on the long-term trend creates strong support for weathering any sympathy moves from other cybersecurity stocks that have been over-speculated. Sideways action is likely to continue for a time, but AI-driven cybersecurity will only become more important in the years ahead and this stock is still at a decent price.
NASDAQ:FTNTLong
by MarthaStokesCMT-TechniTrader
FTNT GAP updateThankfully I exited my March FTNT calls on that huge pump because I had a feeling the pump wouldnt last. Palo Alto has taken cybersecurity down pretty hard this week. FTNT presents another gap within the previous gap from august. I added a box to display the full gap zone and how the stock has fallen almost all the way back to where we started. The smaller box is a daily local demand that the stock is dipping into (buy zone). My strategy here since this is one of my few tech longs is to add spot slowly on this dip. NVDA earnings and an overheated QQQ/SPX could lead to a correction soon, lower prices are on the horizon. I like FTNT because it presents one of the rare value opportunities in the tech space right now, everything else is too expensive. My next plan is to coordinate another call setup. Possibly 3-6 months out 10-15% from current price for the strike. I wont do this until I see NVDA and fed updates.
NASDAQ:FTNTLong
by Apollo_21mil