Massive cyberattacks make companies providing cyber security solutions the frontrunners in this increasingly digital world.
Leading cybersecurity company Fortinet (NASDAQ: FTNT) put up some impressive numbers to kick off 2021. As the economy slowly finds its feet again, the company is discovering plenty of new outlets for its diversified security services, including in 5G, edge computing, and data centers. Share prices are up 35% so far this year alone, so Fortinet is no longer the undervalued and underappreciated stock it was last year.
Fortinet (FTNT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.