Pssst… we can write an original essay just for you.
Any subject. Any type of essay.
We’ll even meet a 3-hour deadline.
121 writers online
Fortinet Inc. (NASDAQ:FTNT) is one of the best cybersecurity companies and has increased its publicity throughout the next coming years. Fortinet very big and solid company. Fortinet’s revenue growth in the course of recent years has kept running in the 20%-plus range, which is seen as an indication that demand for the company’s service is strong and constant. Fortinet recently announced 17% revenue growth, another good indication that demand for service is not decelerating at all regardless of expanding scale. Distinct to some cybersecurity providers, Fortinet’s solid performance is justified.
With the growth of the Internet of Things (IoT), cloud, and infrastructure markets proceeding to soar, Fortinet is in the opportune place at the ideal time. Security cracks presently affecting millions around the globe have driven home the estimation of Fortinet’s solutions also. Truth be told, cybersecurity will produce more than $200 billion in revenue by 2021, as indicated by a conservative estimate.
Another bolt in Fortinet Inc. (NASDAQ:FTNT) is the way that its cost-cutting activity and focus on producing service revenue are still moderately just beginning. In any case, as Fortinet showed last quarter, the efforts are already paying dividends, which looks good for the following five years and beyond.
Surely, analysts appear to trust Fortinet will keep growing. The basis has been rested to build sustainable, reliably growing top and bottom lines in an industry with boundless opportunities. Consequently, the following decade will be a bloom for Fortinet investors.
Fortinet’s solid market position, strong growth rates, dependable income growth, rational valuations, and absence of debt attracted buyout buzz from IBM, Cisco, Hewlett-Packard Enterprise, and Oracle in the course of recent years. All things considered, its enterprise value of $6.5 billion still appears as though a little cost to pay to set up a main position in the system security appliance market.
Never will one think that Fortinet Inc. (NASDAQ:FTNT) will ever be acquired, however I think similar characteristics that make it a buyout target make it a sound investment for most investors. Fortinet gives better general growth over Check Point and stronger profits, and it isn’t overloaded by legacy businesses like Cisco, which I think make it a great stock to buy and hold for long-term.
We provide you with original essay samples, perfect formatting and styling
To export a reference to this article please select a referencing style below:
Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.
Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec
Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you
Your essay sample has been sent.
Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.Order now
Are you interested in getting a customized paper?Check it out!