FTNT

Expensive-Fee9697

FTNT 17% MSFT 13% Amazon 13% GOOG 13% V 12% WM 10% SPGI 10% NOVO 6% Dexcom 6% Don’t do ETFs as not tax efficient in my country. Long term 10-20 year horizon here. Considering adding Hermes, Nvidia, Intuitative Surgical , Costco over next 12 months. Want 12-15 stocks ideally

BeVeracious

Agreed, high PE ratios don't mean as much for IT / software / tech companies where sales pile into more YOY growth. CRWD's R&D intensity is a blistering 25% of revenues, highest amongst its cybersecurity peers like PANW or FTNT. Crowdstrike has the added benefit of blocking DDOS attacks such as 100,000 Muse agents trying to book the cheapest flight or pay the lowest insurance premiums. Details here [https://drive.google.com/file/d/1ENvNzpUSsSoVMKMM7k4HboYoJx9xTRIb/view?usp=sharing](https://drive.google.com/file/d/1ENvNzpUSsSoVMKMM7k4HboYoJx9xTRIb/view?usp=sharing)

Logicaly_Logical_Log

FTNT

CD274

What I'm hearing is CRWD NET PANW FTNT to the moon

CurrentAirline9065

$FTNT coiling on its 8 day EMA

CD274

CNBC recommended CRWD, NET, FTNT, PANW for cyber security stocks. Didn't recommend ZS or Sentinel One. 🤔 Mostly what I assumed

tired_ani

Decided to trim my trio of FTNT, PANW and CRWD 1/3rd each and start a position in SYK. Tempted to sell of out ISRG (starter position only) and put the proceeds in SYK too. Add to SNPS, BN, SPGI.

Spac55

$NKE make more cash flow than $PANW Check attached last 6 quarters Also market cap. NKE make more cash flow than all cybersecurity . $NVDA $MU $AMD $AVGO stressed $CRWD $FTNT $PANw $SAIL hype today by Algo Algo following story, pump one day crash next day , 0DTE https://preview.redd.it/biu7lhykjjph1.jpeg?width=784&format=pjpg&auto=webp&s=f4a69f8ffcb8d99c4161cc27ed1a4d807edeb92a

Spac55

Check how much cash burning by $MU $NVDA vs all Zombie today, How much cash burning by ZS, CRWD, PANW, SAIL, FTNT etc

shanked5iron

FTNT too. they are going to protect us from the big bad AI

SignificanceGlad1506

FTNT looks way more reasonable to me at 47x than CRWD at 155x, even with the slower growth risk. I’ve been watching both on Moon and the valuation gap is what stands out most. CRWD almost needs perfect execution from here.

SpiderWil

any1 holds FTNT? It survived the kospi crashed and gain 10% during that time

superbilliam

Not a good entry for either unless you are momentum or swing trading... if you're doing that, good luck. I got in FTNT back before the market saw the value of cybersecurity as clearly. If it goes up it is enthusiasm not fundamentals based on current numbers. Sideways makes sense and a retreat mskes sense, but the market is irrational.

calgary_db

cybersecurity: RBRK, FTNT, ZS, NET

Less_Bike_1712

FTNT has an extremely clean chart.

tired_ani

Wow what a sight for sore eyes, my CRWD, OANW, FTNT, SNPS and VEEV up so good!!!

dpatel211

Any FTNT holders?

dpatel211

FTNT getting some squeeze from the CRWD earnings, nice!

tired_ani

BSX hit by a cyberattack. I am tempted to add to my position which is down 25%. I think cyberattacks are the norm going forward, glad I was able to pick up FTNT, PANW and CRWD at the bottom now sitting at almost 100% gains. Others I want to add to - HONA, TDG, META, SPGI

Locke_____Lamora

On watch for tomorrow FTNT and OKTA. Both look prime for a breakout. I'm currently in PANW, HPE, PLTR, TWLO, and GOOGL(this shits on thin ice though).

SnS2500

You seem confuded about something. They are not losing money. Neither are PANW, CRWD and FTNT, the three largest cyber security companies. But given their high values and low profits they all have huge forward PEs, though FTNT isn't as bad as the other three.

Likes_The_Scotch

Overinflated values because they think AI is as a threat is worth more than it is. The same thing with FTNT which is the weaker cousin to Palo Alto networks

virtualbitz2048

Calls on FTNT

Responsible_Dig_558

Thoughts on FTNT - bought 20 shares at 159 this morning

Responsible_Dig_558

thoughts on FTNT

IvoryTowerResident

FTNT Big beat Adj. EPS: $0.90 vs $0.75 est Sales: $2.048B vs $1.889B est Raised FY2026 Adj EPS Guidance Raised FY2026 Sales Guidance More money for very anoying influencer Jaime Xie

ElkQuiet1541

FTNT big shrek

Stocks_N_Bondage

Opened TODAY July 29 - Calls: ARM • ASX • FORM • FTNT • QCOM • SIMO - Puts: CHKP • TENB

ElkQuiet1541

any good cyber-security stock that is not extremely overvalued (PE < 90x like PANW) i was thinking Zscaler the rest or FTNT

dpatel211

FTNT hitting 170 before next Monday like I predicted was not what I was expecting but we'll take it. NET to 300 next!

rando9999912

Clueless corps trying to adopt AI agents and fire real people just creates more security vulnerabilities. Higher cybersecurity spend until there’s a “safe” and viable AI native competitor, which most likely will come from one of the already established platforms. CRWD, PANW, NET, FTNT all still relevant. IBM cited cyber security spend today as a reason they made less money competing for capex

dpatel211

FTNT truthers where you at?

dpatel211

!banbet FTNT 170 7D

dpatel211

FTNT @ $170 by the end of the week, god willing.

dpatel211

Good day for cybersecurity stocks based on pre-market (cope), wish I bought some FTNT shares when it was at $153.

dpatel211

Here's to another slow & steady day w/ FTNT

iShitBloodandCumShit

Are we just ignoring the fact that FTNT has nearly doubled since April

sirideletereddit

FTNT if you want to another good one in the same sector

tired_ani

I am increasingly happy with the trio of PANW, CRWD and FTNT I am almost abt to double.

Infinite-Anybody204

Every cyber stock I follow sans ZS is up 60% in the last month. PANW product line is much closer to FTNT then ZS which is largely just SASE 

Worth_Quantity1953

CRWD, PANW, and FTNT are all cyber security/CIBR in IGV/software. They been on a run and now the breadth inside of the rest of IGV are starting to participate too

splikt

PANW and CRWD has been going up daily for the past 2 weeks, after FTNT earning, so most probably its priced in, so the logical thing is to buy. Netskope looks interesting, the only cyber security that didnt run up. Very badly run buisness and recently they started hinting on entering AI security. I believe it can reach 15-16 easily.

callsonreddit

CRWD FTNT NET PANW recovering If you make money just say ty

rollosyd99

cant believe you actually made money on FTNT. I am a Solution Architect who works exclusively on their products but never imagined it would go this high in a month.

jmaun1

Balls ro trade FTNT. Big big balls

orangjuice1142

FTNT Fortnite stock has pumped over the last month, gonna need more

iamakarathereisaplac

Probs gonna trim some FTNT. Feels like it was rangebound forever.

poozyfloor

Everyone just pile into FTNT.

thestudmffn

XLE, MSFT, IGV, FTNT, CRWD calls

callsonreddit

If trend continues.. CSCO CRWD PANW FTNT will continue up If SPY red = AI related stocks go down big If SPY big = AI related stocks go up big Basically, monitor news and SPY

ZenBoyNothingHead

I buy HACK. I like it cuz broad exposure. CRWD is good, PANW just buys everything, and FTNT had an excellent install base.

callsonreddit

CSCO PANW FTNT CRWD Aside from these what are safe holds over weekend?

claytondpark

ZS/FTNT/CRWD/PANW one of these has yet to run and has er coming up within 2 wks...

maxpain2011

Why are stocks like DDOG FTNT AKAM and others are recovering already not NOW ADBE CRM ?

alpenmilch411

Sending in my AI slop producer to engage with yours. "Kinetic divergence" and "cash-generating physics" gave the game away early so figured I'd just match the energy. **The 25x FCF multiple is asserted not derived** — that's the pillar of your +100% upside. CHKP cost of equity at risk-free 4.30% + Damodaran ERP 4.33% + sector beta \~1.05 = 8.85% Ke. With terminal-g 1% (already generous given the +3% FY26 revenue guide), implied capitalization is FCF / (r-g) = $1.234B / 0.0785 = $15.7B EV — below your current $14.16B operational EV. To hit your $30.85B target you'd need WACC \~5% or terminal-g \~4-5%. Neither is defensible for a 6%-grower whose products+licenses line just printed -3% YoY. **The 17% FCF growth has a one-off in it.** From CHKP's Feb 12 2026 Q4 release verbatim: >"Tax rate reduction, updated tax provisions and a tax settlement, resulted in a benefit of approximately $1.90 to GAAP and Non-GAAP EPS." That's the $66M Israeli tax-authority settlement covering 2016-2020 (20-F Note 11b, page F-42). Strip it and underlying FCF growth is closer to 8-10%. **The margin compression isn't framework noise — it's mgmt's own admission.** GAAP op margin: 37.2% (FY23) → 34.2% (FY24) → 30.5% (FY25) → 27.7% (Q1'26). 950 bps in three years. From the FY2025 20-F Item 5, page 41 verbatim: >"In 2025, our operating margin was 30% compared to 34% in 2024. The decrease in our operating margin was primarily due to an increase in our workforce related expenses, cloud expenses, stock-based compensation expenses and amortization of intangibles expenses in related to our acquisitions." That's CHKP acknowledging the compression is structural — Lakera + Cyata + Cyclops + Rotate + Veriti acquisition amortization plus rising cloud opex. Your $1.234B FCF anchor is backward-looking. Forward FCF through FY27-28 looks flat-to-declining at this rate, which doesn't earn a 25x multiple regardless of "software" framing. **The products+licenses line is the share-loss footprint.** Q1 2026 products+licenses revenue $110.8M vs $114.1M Q1 2025 = -2.9% YoY (Q1 2026 6-K Statement of Income). Same quarter PANW Strata NGFW grew product revenue +16% and FTNT product revenue grew low-double-digits. Your "kinetic divergence" framing bundles this into "+5% total revenue" by netting it against subscriptions +11%. The market is correctly pricing the actual share-loss data that just printed. **Buyback IRR check.** Per the 20-F Item 16E: 6.8M shares repurchased at \~$206 avg in FY25 ($1.4B total). Tape is $115. -44% IRR on FY25 buybacks alone. The $2B convertible issued at $191.10 reference price (Dec 3 2025 per 20-F Note 10) funded part of this. Cumulative $17B looks great in a presentation but marginal IRR over the last 18 months is deeply negative. Mgmt has been buying through the de-rating and missed the signal. **The convertible's capped-call caps your rerate upside.** From 20-F Note 10: >"$2.0 billion of 0.00% Convertible Senior Notes due December 15, 2030; conversion price approximately $243.65 per ordinary share (4.1042 conversion rate per $1,000 principal); capped call initial cap price approximately $334.43 per share (75% premium over the $191.10 reference price on December 3, 2025)." So even in your bull case where multiple recovers and stock doubles, dilution kicks in around $334 (8.2M shares of conversion exposure, capped-call covers the bottom 37%). Limited-upside / full-downside asymmetry — one structural reason the discount may stick rather than mean-revert. I'm not arguing CHKP is a bad investment — watchlisting it myself with entry around $95-98. But the $33B target rests on a 25x multiple that isn't defensible at CHKP's actual WACC + growth profile, and the FCF growth headline has a one-off baked into the YoY comp. (My slop producer would also like me to note that "fundamental gravity pulling the price" is not, in fact, a thing.)

alpenmilch411

Sending in my AI slop producer to engage with yours. "Kinetic divergence" and "cash-generating physics" gave the game away early so figured I'd just match the energy. Substance below regardless of how either of us got it onto the page. The 25x FCF multiple is asserted not derived — that's the pillar of your +100% upside. CHKP cost of equity at risk-free 4.30% + Damodaran ERP 4.33% + sector beta \~1.05 = 8.85% Ke. With terminal-g 1% (already generous given the +3% FY26 revenue guide), implied capitalization is FCF / (r-g) = $1.234B / 0.0785 = $15.7B EV — below your current $14.16B operational EV. To hit your $30.85B target you'd need WACC \~5% or terminal-g \~4-5%. Neither is defensible for a 6%-grower whose products+licenses line just printed -3% YoY. The 17% FCF growth has a one-off in it. From CHKP's Feb 12 2026 Q4 release verbatim: ▎ "Tax rate reduction, updated tax provisions and a tax settlement, resulted in a benefit of approximately $1.90 to GAAP and Non-GAAP EPS." That's the $66M Israeli tax-authority settlement covering 2016-2020 (20-F Note 11b, page F-42). Strip it and underlying FCF growth is closer to 8-10%. The margin compression isn't framework noise — it's mgmt's own admission. GAAP op margin: 37.2% (FY23) → 34.2% (FY24) → 30.5% (FY25) → 27.7% (Q1'26). 950 bps in three years. From the FY2025 20-F Item 5, page 41 verbatim: ▎ "In 2025, our operating margin was 30% compared to 34% in 2024. The decrease in our operating margin was primarily due to an increase in our workforce related expenses, cloud expenses, stock-based ▎ compensation expenses and amortization of intangibles expenses in related to our acquisitions." That's CHKP acknowledging the compression is structural — Lakera + Cyata + Cyclops + Rotate + Veriti acquisition amortization plus rising cloud opex. Your $1.234B FCF anchor is backward-looking. Forward FCF through FY27-28 looks flat-to-declining at this rate, which doesn't earn a 25x multiple regardless of "software" framing. The products+licenses line is the share-loss footprint. Q1 2026 products+licenses revenue $110.8M vs $114.1M Q1 2025 = -2.9% YoY (Q1 2026 6-K Statement of Income). Same quarter PANW Strata NGFW grew product revenue +16% and FTNT product revenue grew low-double-digits. Your "kinetic divergence" framing bundles this into "+5% total revenue" by netting it against subscriptions +11%. The market is correctly pricing the actual share-loss data that just printed. Buyback IRR check. Per the 20-F Item 16E: 6.8M shares repurchased at \~$206 avg in FY25 ($1.4B total). Tape is $115. -44% IRR on FY25 buybacks alone. The $2B convertible issued at $191.10 reference price (Dec 3 2025 per 20-F Note 10) funded part of this. Cumulative $17B looks great in a presentation but marginal IRR over the last 18 months is deeply negative. Mgmt has been buying through the de-rating and missed the signal. The convertible's capped-call caps your rerate upside. From 20-F Note 10: ▎ "$2.0 billion of 0.00% Convertible Senior Notes due December 15, 2030; conversion price approximately $243.65 per ordinary share (4.1042 conversion rate per $1,000 principal); capped call initial cap ▎ price approximately $334.43 per share (75% premium over the $191.10 reference price on December 3, 2025)." So even in your bull case where multiple recovers and stock doubles, dilution kicks in around $334 (8.2M shares of conversion exposure, capped-call covers the bottom 37%). Limited-upside / full-downside asymmetry — one structural reason the discount may stick rather than mean-revert. I'm not arguing CHKP is a bad investment — watchlisting it myself with entry around $95-98. But the $33B target rests on a 25x multiple that isn't defensible at CHKP's actual WACC + growth profile, and the FCF growth headline has a one-off baked into the YoY comp. (My slop producer would also like me to note that "fundamental gravity pulling the price" is not, in fact, a thing.)

Specialist_Exam_8433

First they pumped semis. Now they're gonna start pumping SAAS cause of DDOG and FTNT.

SharingMyStorys

Am I the only one buying FTNT?

zbern

Same with FTNT. Looks like others are rallying behind them. DSGX and MANH are looking good premarket though I don't give weight to premarket too much, but the sentiment is there which is awesome.

thenorthernwhiteboy

Next big boom? Its already gone imo I’m up 200%+ on GEV, ETN and VRT I’m moving back into cybersecurity and the monetization side of AI now. RDDT, NOW, CRWD, FTNT

Usenju

FTNT ALL IN

zbern

Seriously, so many people post earnings results. Post rather than complain nobody is talking about. Someone earlier commented in the thread. Granted they said something like 'what is going on with FTNT', but it's a start.

maxpain2011

So no one gives a shit about FTNT?

maxpain2011

What’s happening with FTNT?

thenorthernwhiteboy

OP did you see FTNT beat? Hope it’s same for software

hkc101010

FTNT wtf

Readonly00

FTNT wins tonight's earnings I think

PhillyGuitar_Dude

probably put an after hours sell order for some FTNT if it hits 100 tomorrow after earnings, if it dumps, probably buy some the next day.

d33p7r0ubl3

PANW, ZS, and FTNT are the other names in that sector

tired_ani

Added tiny amounts to MCO, MELI, FTNT, PANW, NTDOY, MSFT, BN. I believe all of them are solid long term investments. Happy to see positive price action in my NFLX and FICO.

tired_ani

That is all the signal I needed to increase positions in PANW and FTNT and add with caution to CRWD.

tired_ani

I started a small position in CRWD and FTNT today. Also long PANW, currently at an 8% loss.

LurkinSince1995

lol. In the short term I agree with your general view, I’m not talking about some random vibe coded XDR product to come out this year that will evaporate CRWD overnight. But stocks aren’t short term, they’re long term. I don’t think these are all as insulated as you think they are (with the exception of MSFT, maybe PANW?) across 10-20 year timescales. Using your example, is FTNT as solidified in this space as Google is in AI? ZS? I agree Cyber will be a huge market. Doesn’t guarantee that it’ll be these companies that’ll gain, though. That’s all I am saying.

kool_mandate

Have 4 MSFT Dec28 leaps 100 CRWD 6 CRWD short puts 100 ZS 100 PANW 100 FTNT 📈

kool_mandate

I bought CIBR at $22 and made 250% I sold it though and now I buy ZS, CRWD, MSFT, FTNT, and PANW separately. I don’t want ti have a bunch of Cisco exposure lol

kool_mandate

Cyber security stocks are an obvious buy right now. They aren’t like software stocks, where the business risk is hard to figure out . I bought CIBR at $22 in 2017 and it returned +250% I sold it it at $74 and now I own these directly: 100 PANW 100 ZS 100 FTNT 100 CRWD I also am short 6 naked puts in CRWD

tired_ani

I know they some of them are expensive today but I sincerely believe that a subset of stocks including DDOG, SNOW, NET, NOW, CRWD, PANW, FTNT, MSFT, FICO, NFLX Outperforms

tired_ani

I added to FICO and Netflix and MSFT Planning to add further to PANW. Start small positions in CRWD and FTNT. If CRWD and NET weren’t so expensive I would be deep in them.

maxpain2011

Pick two from CRWD PANW FTNT NET ZS for long term hold and growth.

throwaway9gk0k4k569

Add Fortinet/FTNT to the list. Bonus potential tariff refunds on this one because they do a lot of steel chassis hardware imports.

tachyonvelocity

yea but NOW is like one of the software conviction names unlikely to get disrupted. FTNT has always been the value in the space. RBRK has the new IPO and small cap discount.

AluminiumCaffeine

NOW is 8 p/s still - ZS/RBRK/FTNT (not CRWD though) are not much more expensive are they?

CompetitivePumpkin3

FTNT

Cinq_A_Sept

FTNT

rjb_jr

Bagillions in AI and cloud build out was going to need security services. FTNT smashed. 😮‍💨

Nefarious_AI_Agent

FTNT is moonin after earnings, good sign for software

AluminiumCaffeine

$FTNT Q4 recap: EPS $0.81 vs $0.74 (+9%) Rev $1.905B vs $1.86B (+2%)

guestz2002

Earnings Trade… IREN - down RDDT - up FTNT - down

guestz2002

Earnings Trade… IREN - down RDDT - up FTNT - down

AluminiumCaffeine

I would say valuation somewhat? Most of that sector was very pricey and now has the backdrop of most other "software" names getting crushed (I know PANW/FTNT are not pure software ofc)

tired_ani

MSFT FICO FTNT PANW I have no confidence in my ability to pick out any SaaS names.

Big_Fix9049

Bought the dip for ServiceNow, and the dip of the dip, and the dip of the dipiddy dip. Now I ran out of cash lol. Look forward to my salary soon so I can buy more SaaS. Probably more NOW since it's massively oversold and due for a bounce. CRM is also a good candidate. But Meta starts looking juicy. Maybe a retest of $580, then I'll buy that one, too. FTNT is worth looking into also.

maxpain2011

Definitely these: ADSK, FTNT, NOW. not sure about these: DT, SNOW, GTLB

Ok_Cry7572

Software stocks down big this year: $FTNT Fortinet: -17% $WDAY Workday: -21% $CRM Salesforce: -28% $ADBE Adobe: -26% $CSU Constellation Software: -29% $DOCU Docusign: -34% $NOW ServiceNow: -37%

maxpain2011

These are wide moat according to Morningstar and still getting crushed: ADBE ADSK NOW DDOG FTNT. Can these hold their moats?

maxpain2011

Any software stocks looking like decent buys? I’m looking at NOW, FTNT, ZS, DDOG

AluminiumCaffeine

OPRA, FOUR, SE, NOW, FTNT would be a start to dig around in

cscareercrisis

call on FTNT?

maxpain2011

What about FTNT?

dan4112

From Google Gemini: ​Zscaler (ZS): A cloud security company that offers Zscaler Private Access (ZPA), which is considered a modern, "Zero Trust" alternative to traditional corporate VPNs. ​Palo Alto Networks, Inc. (PANW): A leading cybersecurity provider whose platform includes a secure remote access solution called GlobalProtect, which acts as an enterprise VPN. ​Check Point Software Technologies Ltd. (CHKP): Offers a variety of security solutions, including remote access VPNs for endpoints and mobile devices. ​Fortinet Inc. (FTNT): Provides a range of cybersecurity products, including the FortiClient VPN for secure remote access. ​Cisco Systems, Inc. (CSCO): A major technology conglomerate that offers various VPN and security solutions, such as its AnyConnect Secure Mobility Client. ​Broadcom Inc. (AVGO): Through its acquisition of Symantec's enterprise security business, it offers VPN-related security products. ​CrowdStrike Holdings Inc. (CRWD): While more focused on endpoint protection, it is a leading cybersecurity company that competes in the broader security landscape that VPNs are a part of. Some of the well-known consumer VPNs are owned by larger, publicly listed entities: ​Ziff Davis (ZD): This is the parent company that owns several VPN services, including IPVanish, StrongVPN, and Encrypt.me