Posted 3/29/2024, 9:10:00 AM
Fortinet's AI-Powered Cybersecurity Drives Over 20% Revenue Growth, With Analysts Seeing 45% Stock Upside in 3 Years
- Fortinet's revenue is growing over 20% annually thanks to strong demand for its AI-powered cybersecurity platforms
- Its deferred revenue is increasing even faster at 24%, indicating robust growth ahead
- Fortinet has used AI to enhance its offerings for over a decade across 40+ products
- It recently launched a generative AI assistant to help organizations respond faster to threats
- Analysts expect Fortinet's earnings growth to accelerate in 2025-2026, suggesting its stock could jump 45% in 3 years