Why Fortinet Stock Zoomed Almost 9% Higher This Week
Cybersecurity companies were having a moment on the exchange.
Overview
A favorable environment for peer stocks and an analyst's price target raise combined to lift Fortinet (NASDAQ: FTNT) stock higher this week. Over the five trading days, the cybersecurity company's equity rose by nearly 9%.
Worries about the rapid development of artificial intelligence (AI) capabilities -- in some cases voiced this week by leading developers themselves -- led investors to load up on cybersecurity titles.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.