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Fortinet Inc.

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Fortinet is benefiting from strength in overall product suite of Security Fabric. The digital transformation and security refresh cycle across most industries are tailwinds. Fortinet is the market leader in Unified Threat Management in terms of revenues, which is believed to be one of the fastest growing segments in Network Security with a projected growth in the range of high-single to low-double digits. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. Notably, its shares have outperformed the industry in the past year. Nonetheless, competition from numerous big and small players in the security application market poses concern.

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