The Zacks Analyst Blog Highlights: Zoom Communications, Fortinet, Qorvo, Zscaler and Dropbox
Fortinet is positioned well to capitalize on rising demand for security and networking products amid the coronavirus crisis, which has compelled a huge workforce globally to work remotely. It is also benefiting from robust growth in Fortinet Security Fabric, cloud and SD-WAN offerings. Moreover, continued deal wins, especially those of high value, are key growth drivers for this company that is worth $22.5 billion.
Fortinet is positioned well to capitalize on rising demand for security and networking products amid the coronavirus crisis, which has compelled a huge workforce globally to work remotely. It is also benefiting from robust growth in Fortinet Security Fabric, cloud and SD-WAN offerings. Moreover, continued deal wins, especially those of high value, are key growth drivers for this company that is worth $22.5 billion.
Fortinet currently has a Zacks Rank #1 and Growth Score A. The Zacks Consensus Estimate for 2020 earnings has been revised upward by 1.5% to $2.81 per share in the past 30 days.
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