Fortinet Stock Rally - Is It A Top Cybersecurity Buy For 2024?
ฝัง
- เผยแพร่เมื่อ 5 มิ.ย. 2024
- Watch our video: "Investing in Semiconductor Manufacturing Equipment Stocks: The Ultimate 2024 Guide" 👉 • AI Supercycle: Your Ul...
In 2023, top cybersecurity pure-play Fortinet left us wondering how things were going to be shaping up as we entered 2024. The guidance for Q4 2023 left us feeling a little “meh.”
But, great news! Fortinet’s management under-promised and over-delivered! Despite initial uncertainties due to a projection for billings to drop, Fortinet exceeded financial guidance.
While Q1 2024 is expected to be lackluster due to the networking infrastructure industry cycle downturn, Fortinet's growth prospects for later in 2024 and beyond is looking positive! Chip Stock Investors Nick and Kasey break the numbers down in this video, and provide some thoughts on the current state of affairs for cybersecurity at large.
👉👉Craving exclusive perks and a deeper dive into the awesome content you already love? Level up your investing experience with our Membership! Join the party in our private Discord channel, where you can geek out with fellow fans, chat directly with us, and forge epic friendships. Plus, unlock exclusive access to downloadable PDFs of every show's notes, so you can revisit key points, laugh at inside jokes, and become a walking encyclopedia of all things Chip Stock Investor. And to top it off, rock custom emojis and badges that scream "superfan"! Don't just watch, become part of the community. Join the Membership today and unlock a world of exclusive fun!
Join at TH-cam: / @chipstockinvestor
Join on Ko-Fi: ko-fi.com/chipstockinvestor/t...
If monthly membership isn't your thing, don't worry, you can purchase our show notes in our Ko-Fi shop. ko-fi.com/chipstockinvestor/s...
If you missed our Semiconductor Industry Flow 2024 and chip industry manual, you can purchase it here:👉 ko-fi.com/s/90c74a988a. Get your investment journey off on the right foot to kick off the new year.
Check us out on our website: chipstockinvestor.com
We use data, charts, and KPI's from our friends at Main Street Data. If you would like to check it out and subscribe to a premium membership here is a link that will get you 10% off👇
mainstreetdata.com/subscripti...
Find this episode and more on Spotify Podcasts: open.spotify.com/show/4QSHBYl...
You can also find us on Apple and Google Podcasts!
Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.
Chapters:
00:00 Fortinet Q4, 2023 Earnings Results
00:16 Recap of Fortinet's Performance in 2023
00:55 Understanding Fortinet's Billings and Future Revenue
02:15 Fortinet's Shift to SASE and its Impact
02:53 Fortinet's Q4, 2023 Performance and Future Outlook
04:36 Understanding Fortinet's Financials and Valuation
07:59 Fortinet's Competition and Position in the SASE Market
09:59 The Impact of Vendor Consolidation on Fortinet
13:46 Fortinet's Valuation and Future Growth Prospects
#semiconductors #chips #investing #stocks #finance #financeeducation #silicon #artificialintelligence #ai #financeeducation #chipstocks #finance #stocks #investing #investor #financeeducation #stockmarket #chipstockinvestor #fablesschipdesign #chipmanufacturing #semiconductormanufacturing #semiconductorstocks
Nick and Kasey own shares of Fortinet
This is the 3rd video i have watched on your channel in the last 12 hrs. Just love your analysis and the way you go about telling the story. Enough detail, focussing on the key points. Wow. You guys are the best on the net. Keep up the good work
Thank you for watching Glen, and welcome!
I already hold ftnt. But Panw won't go to a price I feel comfy buying. Much less Crowdstrike. Such is life.
Thanks for the vid.
Thank you for your time- great 👍🏼
Thanks for covering FTNT!
Thanks you.
Looking forward for your cybersecurity manual👍
All your content is fantastic!
Good Info. Thanks.
Wt a great Analysis for FTNT … thanks for ur effort 😊
Really appreciate the cyber security information provided & I am happy with the drastic audio improvement. I'm after the whole cyber security basket from wisdom tree. Cheers
Nice choice, there are a lot of security names to choose from, so the basket approach is a good one!
Thanks for the insight on Fortinet's earnings report. Looking forward to more earnings reviews. Do you have MPWR on the list?
Why are CRWD, ZScaler, and PANW performing so well when Fortinet seem to have better PE ratios? Is it mainly due to rate of growth
Heck ya 🎉
Thanks for the video. If a company has on-premise computing, do they absolutely need hardware from the likes of Fortinet or Palo Alto, or can they use only cloud-based solutions like from Zscaler and Crowdstrike?
Likely not, they would still need a way to govern the traffic moving into and out of that physical location.
Really nice question. As I am working as a Cyber Security Engineer, I am wondering what will happen if people stop buying hardware for on-premise hardware equipment? Because majority companies are moving to the cloud, even they set up VPN on the cloud.
Great analysis. Loved the Walmart analogy.🤣 Excited for the Cybersecurity manual.
Hopefully no one from Fortinet is watching!
I'm wondering about Cisco. They're not exactly a small player in firewalls (routers). What do you think of their collaboration with Nvidia?
Great for Nvidia, everyone is collaborating with them. Cisco is being eaten up by ANET, FTNT, PANW, and others
What do you think of Clear Secure(YOU) stock?
It's part of our upcoming security index, but not one we're interested in owning
What do you think of Sentinel One?
Good question
I hear you, is the one I'm buying. 😊
Do we have no concerns for that balance sheet? Total Liabilities > Total Assets. I don't love that.
Lots of deferred revenue on liabilities side of the equation
Is a buyout possible?
Sure, it's possible. It's a big company though
What about S? 😊
Do a search in the video timeline, we've covered S a few times
If you want to make money do the opposite. Look what they said about SMCI around mid Jan.
PANW is better.
We own that one too!