How Does Fortinet Stack Up Against Cisco?
- The cybersecurity market is growing, and a number of key drivers point to continued industry growth. - Fortinet has a differentiated product and service suite that is currently competing well with larger players, building up a large pool of deferred revenue. - Future growth justifying its price will have to come from Fortinet continuing to establish its niche and a positive consumer response to innovations such as Fabric. - We recommend a SELL on the stock and target price