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Looking At These Numbers: Should You Buy Fortinet Inc. (FTNT)?

Fortinet Inc. (FTNT) entered the telework and mobile workplace protection market through a new partnership. Fortinet will benefit from its partnerships by broadening its target market and providing an edge in the IT services market.

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Wireless networking vendor Linksys will partner with Fortinet to improve network security, performance, and infrastructure management. The IT system is primarily designed to provide employees access to company resources remotely and from mobile devices. Linksys has received a $75 million investment from Fortinet as part of the partnership.

Fortinet executives are partnering with third parties to boost the popularity of its cybersecurity infrastructure. Moreover, the Fortinet Inc. continues to expand this infrastructure through its acquisitions. For instance, Panopta, which is currently offered as a SaaS, has been acquired by Fortinet before. Fortinet Security Fabric will integrate these technologies into its cybersecurity ecosystem to provide comprehensive network management and data protection solution for running day-to-day businesses.

Several consumer software companies have already begun using Fortinet Security Fabric tools, including Aspire Global, MediaKind, and MLP Finanzberatung SE.

Based on past performance, we shall investigate various forward-looking or reverse-oriented developments involving FTNT. For the past five business days, FTNT stock rose 2.54% percent and soared 8.78% in the last thirty business days. During the past three months, the stock rose 22.62%. Within the six-month closing period, FTNT’s output jumped 57.24% percent, while in the last 12 months, the stock mounted 88.81%. Currently, the FTNT stock’s performance is positive at 23.66% from the beginning of the calendar year.

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