Is Fortinet Stock a Buy on the Dip?

By Parkev Tatevosian, CFA – May 7, 2024 at 9:30AM

NASDAQ: FTNT

Fortinet

Market Cap

$47B

Today's Change

(0.31%) $0.19

Current Price

$61.43

Price as of May 17, 2024, 4:00 p.m. ET

Fortinet is forecasting tougher times ahead as enterprises allocate budgets to artificial intelligence.

Fool.com contributor Parkev Tatevosian reviews Fortinet's (FTNT 0.31%) earnings results.

*Stock prices used were the afternoon prices of May 3, 2024. The video was published on May 5, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fortinet. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.