Fortinet Option Alert: Jan, 2027 $100 Calls at the Ask: 500 vs 6191 OI

Fortinet Option Alert: Jan, 2027 $100 Calls at the Ask: 500 @ $36.9 vs 6191 OI; Ref=$114.28

Fortinet Option Alert: Jan, 2027 $100 Calls Sweep (4) above Ask!: 250 vs 6191 OI

Fortinet Option Alert: Jan, 2027 $100 Calls Sweep (4) above Ask!: 250 @ $36.75 vs 6191 OI; Ref=$113.83

Fortinet Option Alert: Mar 21 $120 Puts at the Ask: 1080 vs 1064 OI

Fortinet Option Alert: Mar 21 $120 Puts at the Ask: 1080 @ $8.89 vs 1064 OI; Ref=$112.24

Fortinet Option Alert: Sep 19 $135 Puts at the Bid: 300 vs 0 OI

Fortinet Option Alert: Sep 19 $135 Puts at the Bid: 300 @ $25.6 vs 0 OI; Ref=$113.485

Fortinet (NASDAQ:FTNT) 주식

Fortinet

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.

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4분기 실적: 포티넷은 4분기 매출이 16억 6천만 달러로 예상치 15억 9천만 달러를 상회했다고 발표했다.Benzinga Pro에 따르면, 사이버 보안 회사 포티넷의 조정 주당순이익은 74센트를 기록해 애널리스트 예상치 61센트를 크게 상회했다.

포티넷, 4분기 실적 호조로 시간외 주가 6% 급등

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AVGO

CHKP

CRWD

CSCO

CYBR

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IHAK

PANW

중국과 연계된 솔트 타이푼(Salt Typhoon) 해커들이 9개 기업의 시스템에 침투했고, 러시아의 지원을 받는 그룹이 스타링크를 통해 우크라이나 군용 기기를 노렸으며, 사이버헤이븐(Cyberhaven)의 브라우저 확장 프로그램이 하이재킹의 희생양이 되었다.

사이버 범죄 급증으로 사이버 보안 ETF 수요 증가

Guidance

포티넷(NASDAQ:FTNT)은 목요일 시장 마감 후에 3분기 재무 실적을 발표했다. 이 발표로 주가는 시간외 거래에서 4% 이상 하락했다. 다음은 이 사이버 보안 회사의 분기 보고서 요약이다.

포티넷의 주식은 양호한 3분기 실적에도 시간외 거래에서 4% 이상 하락

Fortinet Inc

WIIM

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Core Scientific, Inc. - Class A Common Stock

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ZETA

Shares of software companies are trading lower amid overall market weakness on US consumer and economic concerns.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$60.00</td>
<td>$29.4K</td>
<td>48.1K</td>
<td>90.7K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$130.00</td>
<td>$26.6K</td>
<td>70.8K</td>
<td>32.3K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$10.50</td>
<td>$27.0K</td>
<td>1.7K</td>
<td>5.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$236.8K</td>
<td>23.0K</td>
<td>2.8K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$120.00</td>
<td>$49.1K</td>
<td>6.2K</td>
<td>1.7K</td>
</tr>
<tr>
<td>QBTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.00</td>
<td>$80.1K</td>
<td>4.5K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/28/25</td>
<td>$126.00</td>
<td>$41.5K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$58.5K</td>
<td>6.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/07/25</td>
<td>$225.00</td>
<td>$123.5K</td>
<td>877</td>
<td>708</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$60.00</td>
<td>$65.0K</td>
<td>560</td>
<td>522</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 21, 2025. This event was a transfer of 62 contract(s) at a $60.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $475.0 per contract. There were 48158 open contracts at this strike prior to today, and today 90783 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 1900 contract(s) at a $130.00 strike. This particular put needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $14.0 per contract. There were 70835 open contracts at this strike prior to today, and today 32305 contract(s) were bought and sold. 
• Regarding RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we observe a call option trade with neutral sentiment. It expires in 2 day(s) on February 21, 2025. Parties traded 300 contract(s) at a $10.50 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $90.0 per contract. There were 1716 open contracts at this strike prior to today, and today 5965 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option trade that happens to be neutral, expiring in 331 day(s) on January 16, 2026. This event was a transfer of 2115 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $236.8K, with a price of $112.0 per contract. There were 23060 open contracts at this strike prior to today, and today 2856 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option sweep that happens to be bullish, expiring in 2 day(s) on February 21, 2025. This event was a transfer of 289 contract(s) at a $120.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $49.1K, with a price of $170.0 per contract. There were 6270 open contracts at this strike prior to today, and today 1767 contract(s) were bought and sold. 
• Regarding QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we observe a call option sweep with bearish sentiment. It expires in 30 day(s) on March 21, 2025. Parties traded 1000 contract(s) at a $8.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $80.1K, with a price of $80.0 per contract. There were 4574 open contracts at this strike prior to today, and today 1441 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be neutral, expiring in 9 day(s) on February 28, 2025. This event was a transfer of 100 contract(s) at a $126.00 strike. The total cost received by the writing party (or parties) was $41.5K, with a price of $415.0 per contract. There were 1071 open contracts at this strike prior to today, and today 1259 contract(s) were bought and sold. 
• Regarding FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we observe a call option trade with bullish sentiment. It expires in 695 day(s) on January 15, 2027. Parties traded 16 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $58.5K, with a price of $3660.0 per contract. There were 6191 open contracts at this strike prior to today, and today 1207 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option trade with bullish sentiment. It expires in 16 day(s) on March 7, 2025. Parties traded 100 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $123.5K, with a price of $1235.0 per contract. There were 877 open contracts at this strike prior to today, and today 708 contract(s) were bought and sold. 
• Regarding MCHP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), we observe a call option trade with bearish sentiment. It expires in 9 day(s) on February 28, 2025. Parties traded 250 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $65.0K, with a price of $260.0 per contract. There were 560 open contracts at this strike prior to today, and today 522 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

DELL

INTC

MCHP

NVDA

QBTS

RGTI

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$150.00</td>
<td>$29.4K</td>
<td>123.2K</td>
<td>8.9K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$28.0K</td>
<td>20.2K</td>
<td>6.7K</td>
</tr>
<tr>
<td>ZETA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$30.00</td>
<td>$39.7K</td>
<td>541</td>
<td>3.2K</td>
</tr>
<tr>
<td>ANET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$110.00</td>
<td>$44.3K</td>
<td>2.9K</td>
<td>3.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$190.00</td>
<td>$67.0K</td>
<td>1.2K</td>
<td>2.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$170.00</td>
<td>$166.4K</td>
<td>11.6K</td>
<td>2.1K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$168.7K</td>
<td>3.1K</td>
<td>2.1K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$75.00</td>
<td>$33.0K</td>
<td>13.2K</td>
<td>2.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$29.4K</td>
<td>5.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$155.00</td>
<td>$194.5K</td>
<td>346</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on March 21, 2025. Parties traded 50 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $588.0 per contract. There were 123284 open contracts at this strike prior to today, and today 8983 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 31 day(s) on March 21, 2025. This event was a transfer of 28 contract(s) at a $120.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $1001.0 per contract. There were 20299 open contracts at this strike prior to today, and today 6726 contract(s) were bought and sold. 
• For ZETA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>), we notice a call option sweep that happens to be bearish, expiring in 10 day(s) on February 28, 2025. This event was a transfer of 284 contract(s) at a $30.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $140.0 per contract. There were 541 open contracts at this strike prior to today, and today 3240 contract(s) were bought and sold. 
• For ANET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on February 21, 2025. This event was a transfer of 78 contract(s) at a $110.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $44.3K, with a price of $568.0 per contract. There were 2943 open contracts at this strike prior to today, and today 3034 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with bearish sentiment. It expires in 10 day(s) on February 28, 2025. Parties traded 500 contract(s) at a $190.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $67.0K, with a price of $134.0 per contract. There were 1298 open contracts at this strike prior to today, and today 2421 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 332 day(s) on January 16, 2026. This event was a transfer of 23 contract(s) at a $170.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $166.4K, with a price of $7235.0 per contract. There were 11611 open contracts at this strike prior to today, and today 2112 contract(s) were bought and sold. 
• For FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we notice a call option sweep that happens to be bullish, expiring in 696 day(s) on January 15, 2027. This event was a transfer of 45 contract(s) at a $100.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $168.7K, with a price of $3750.0 per contract. There were 3155 open contracts at this strike prior to today, and today 2110 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a call option sweep that happens to be bearish, expiring in 58 day(s) on April 17, 2025. This event was a transfer of 110 contract(s) at a $75.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $300.0 per contract. There were 13251 open contracts at this strike prior to today, and today 2005 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 122 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $130.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $590.0 per contract. There were 5635 open contracts at this strike prior to today, and today 1619 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option trade with bullish sentiment. It expires in 58 day(s) on April 17, 2025. Parties traded 1400 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $194.5K, with a price of $139.0 per contract. There were 346 open contracts at this strike prior to today, and today 1407 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANET

10 Information Technology Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/14/25</td>
<td>$136.00</td>
<td>$45.0K</td>
<td>30.3K</td>
<td>126.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/14/25</td>
<td>$45.00</td>
<td>$57.0K</td>
<td>32.5K</td>
<td>45.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$123.00</td>
<td>$74.5K</td>
<td>1.0K</td>
<td>3.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$30.00</td>
<td>$36.7K</td>
<td>16.2K</td>
<td>2.6K</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$163.9K</td>
<td>222</td>
<td>2.2K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$170.00</td>
<td>$308.4K</td>
<td>12.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$115.00</td>
<td>$73.0K</td>
<td>14.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>ALAB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/07/25</td>
<td>$100.00</td>
<td>$36.6K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$345.00</td>
<td>$29.0K</td>
<td>258</td>
<td>763</td>
</tr>
<tr>
<td>AUR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/07/25</td>
<td>$10.50</td>
<td>$29.7K</td>
<td>1</td>
<td>637</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 501 contract(s) at a $136.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $45.0K, with a price of $90.0 per contract. There were 30364 open contracts at this strike prior to today, and today 126875 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 500 contract(s) at a $45.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $114.0 per contract. There were 32579 open contracts at this strike prior to today, and today 45432 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on February 21, 2025. Parties traded 500 contract(s) at a $123.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $74.5K, with a price of $149.0 per contract. There were 1074 open contracts at this strike prior to today, and today 3407 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 126 day(s) on June 20, 2025. This event was a transfer of 350 contract(s) at a $30.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $105.0 per contract. There were 16242 open contracts at this strike prior to today, and today 2650 contract(s) were bought and sold. 
• Regarding FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we observe a call option sweep with bullish sentiment. It expires in 700 day(s) on January 15, 2027. Parties traded 50 contract(s) at a $100.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $163.9K, with a price of $3280.0 per contract. There were 222 open contracts at this strike prior to today, and today 2270 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 336 day(s) on January 16, 2026. This event was a transfer of 40 contract(s) at a $170.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $308.4K, with a price of $7710.0 per contract. There were 12864 open contracts at this strike prior to today, and today 1635 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on February 21, 2025. This event was a transfer of 200 contract(s) at a $115.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $73.0K, with a price of $365.0 per contract. There were 14197 open contracts at this strike prior to today, and today 1598 contract(s) were bought and sold. 
• Regarding ALAB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on March 7, 2025. Parties traded 188 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $36.6K, with a price of $195.0 per contract. There were 1105 open contracts at this strike prior to today, and today 1017 contract(s) were bought and sold. 
• Regarding CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we observe a call option trade with bullish sentiment. It expires in 14 day(s) on February 28, 2025. Parties traded 40 contract(s) at a $345.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $727.0 per contract. There were 258 open contracts at this strike prior to today, and today 763 contract(s) were bought and sold. 
• For AUR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on March 7, 2025. This event was a transfer of 270 contract(s) at a $10.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $110.0 per contract. There were 1 open contracts at this strike prior to today, and today 637 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALAB

Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) has been playing catch-up in <a href="https://www.benzinga.com/topic/cybersecurity">the cybersecurity space</a>, trailing competitors like CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) over the past year.
PANW stock is up 7.45%, as compared to CRWD which has returned 32.36% to investors over the past year. FTNT leads the pack with a 58% return over the past year.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13095059/Screenshot-2025-02-13-at-8.18.23-PM.png" alt="" class="wp-image-781272" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13095059/Screenshot-2025-02-13-at-8.18.23-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13095059/Screenshot-2025-02-13-at-8.18.23-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">Palo Alto Q2 Earnings Buzz: Will PANW Deliver?</h2>
However, with second-quarter earnings set for release after Thursday's market close, investors are eyeing a potential catalyst for the stock. Wall Street expects EPS of 78 cents on revenue of $2.24 billion, but the real focus will be on forward guidance.
Hightower Advisors' Chief Investment Strategist Stephanie Link sees cybersecurity as a bigger secular growth story than AI. &#8220;I believe cybersecurity is bigger than AI,&#8221; she in an email, &#8220;that we will see more M&amp;A&#8230; and that the big five will continue to get bigger.&#8221;
She notes that CTOs remain committed to AI and cybersecurity spending, positioning PANW stock for long-term double-digit growth.
Read Also: <a href="https://www.benzinga.com/insights/government/25/01/43271595/congressional-trading-report-rep-marjorie-taylor-greene-bought-over-3k-in-palo-alto-networks-">Congressional Trading Report: Rep. Marjorie Taylor Greene Bought Over $3K In Palo Alto Networks Stock</a>
<h2 class="wp-block-heading">Technical Tailwinds Strengthen PANW Stock&#8217;s Bullish Case</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13084936/Screenshot-2025-02-13-at-7.19.21-PM.png" alt="" class="wp-image-781078" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13084936/Screenshot-2025-02-13-at-7.19.21-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/13084936/Screenshot-2025-02-13-at-7.19.21-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Despite its underperformance relative to peers, PANW stock is flashing strong bullish signals. The stock trades above its eight, 20, 50 and 200-day simple moving averages, suggesting sustained buying pressure. 
The MACD (moving average convergence/divergence) indicator at 2.63 further reinforces a bullish setup, while an RSI (relative strength index) of 63.35 signals the stock is approaching overbought levels but still has room to run.
<h2 class="wp-block-heading">Guidance Will Make Or Break PANW Stock Rally</h2>
A key focus for investors will be Palo Alto Networks' remaining performance obligation (RPO) bookings, noted Link. Expected to rise 9% to $12.9 billion-$13 billion, this marks a slowdown from last quarter's 17% growth, she said.
However, the market anticipates a return to double-digit expansion in the back half of the year. Palo Alto's AI-powered security offerings, which saw ARR of $250 million in the first quarter, could provide an extra boost to its long-term narrative.
With strong technicals, a bullish industry backdrop, and a make-or-break earnings call on deck, PANW stock could finally be ready to shake off its underperformance and stage a breakout. 
Investors will be watching closely to see if the cybersecurity giant can live up to the hype.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/02/43632056/3-etfs-for-cybersecurity-investors-as-ai-driven-threats-grow">3 ETFs For Cybersecurity Investors As AI-Driven Threats Grow</a></li>
</ul>
Image by Michael Vi via Shutterstock.

Analyst Color

Technicals

Previews

Analyst Ratings

Trading Ideas

Will Palo Alto's Q2 Earnings Validate 'Cybersecurity Is Bigger Than AI'?

Let's face it—<a href="https://www.benzinga.com/topic/cybersecurity">cyber threats are evolving</a> at breakneck speed. No digital system is completely safe from deepfake scams and sophisticated AI-powered hacks. And when a <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36575150/secs-hacked-tweet-on-bitcoin-etfs-causes-massive-trader-losses-over-220m-liquidated">hacker managed to breach</a> the Securities and Exchange Commission's official social media account in January 2024, it should have been a wake-up call for everyone.
This fast-evolving situation is creating opportunities for top cybersecurity companies to thrive. The best providers are gaining pricing power as demand for their services increase. For investors, now could be an excellent time to gain exposure to this high-growth sector. For those looking to invest in cybersecurity without picking individual stocks, <a href="https://www.benzinga.com/etfs">ETFs can be a great option</a>. 
Here are three leading cybersecurity ETFs to consider:
Also Read:<a href="https://www.benzinga.com/25/01/42829188/hack-attack-cybercrime-surge-fuels-demand-for-cybersecurity-etfs"> Cybercrime Surge Fuels Demand For Cybersecurity ETFs</a>
WisdomTree Cybersecurity Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WCBR#NASDAQ">WCBR</a>): This ETF focuses on companies innovating in cybersecurity, from cloud security firms to threat detection specialists. With a competitive expense ratio of 0.45%, the ETF holds stocks of companies like Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), and Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), some of the top names in data and cybersecurity.
Global X Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUG#NASDAQ">BUG</a>): BUG offers a concentrated portfolio of cybersecurity firms, including industry leaders in software, network security, and cyber defense, at an average annual cost of 0.5%. Top names in the portfolio are Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), Palo Alto, Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) and Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).
First Trust Nasdaq Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>): One of the largest cybersecurity ETFs, CIBR invests in firms that develop solutions to protect digital infrastructure and data. The expense ratio is 0.59% and the top names in its portfolio are Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Palo Alto, CrowdStrike and Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).
Why Cybersecurity Is In the Limelight Once Again
An Alabama man, Eric Council Jr., admitted to <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43614251/hacker-pleads-guilty-to-secs-fake-bitcoin-etf-post-on-x-that-triggered-financial-wipeout-worth-millions">hacking the SEC's X account</a> on Jan. 9 last year to post a fake announcement about Bitcoin ETF approvals. The fraudulent tweet had sent Bitcoin soaring by over $1,000 before the SEC debunked it. Council, who used online aliases like "Ronin" and "Easymunny," now faces up to five years in prison for his role in the scheme.
But beyond the courtroom drama, this incident exposed glaring security vulnerabilities—even within institutions that regulate financial markets. It also served as a stark reminder of why cybersecurity remains a top priority for businesses, governments, and investors.
AI manipulation as a result of cyber and technology risks has emerged as a primary threat to business growth, according to a recent <a href="https://about.chubb.com/stories/risk-decisions-360.html">survey </a>by insurer Chubb. Over 40% of executives ranked cyber threat monitoring as an essential function within their organizations.
The World Economic Forum highlights several key factors driving cybersecurity's increasing importance:
<ul>
<li>Hackers are leveraging AI technology to automate attacks and evade detection.</li>
<li>Geopolitical discords are fueling cyberwarfare and state-sponsored attacks.</li>
<li>Data protection regulations are tightening, forcing companies to invest more in security measures.</li>
</ul>
The SEC hack was another reminder that digital threats are here to stay. As cyberattacks grow more frequent and sophisticated, cybersecurity companies will continue playing a critical role in safeguarding businesses and institutions. Investing in cybersecurity ETFs offers a way to capitalize on this trend while spreading risk across multiple industry leaders.
With cyber defense becoming an ever-greater necessity, the question isn't whether cybersecurity stocks will grow—it's how much they'll grow.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43622025/blackrocks-latest-etf-conversion-taps-into-growing-muni-bond-interest">BlackRock&#8217;s Latest ETF Conversion Taps Into Growing Muni Bond Interest</a></li>
</ul>
Photo: Shutterstock

CIBR

WCBR

3 ETFs For Cybersecurity Investors As AI-Driven Threats Grow

Across the recent three months, 37 analysts have shared their insights on Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">8</td>
<td align="right">10</td>
<td align="right">18</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">7</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $107.16, a high estimate of $135.00, and a low estimate of $78.00. This upward trend is evident, with the current average reflecting a 13.3% increase from the previous average price target of $94.58.
<img src="https://www.benzinga.com/files/images/story/2025/1739214026_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Fortinet's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Dan Bergstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$115.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Jonathan Ruykhaver</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Gabriela Borges</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$115.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$105.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Jonathan Ruykhaver</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$112.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Fatima Boolani</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$101.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Gabriela Borges</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$114.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Joseph Gallo</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$103.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Brian Essex</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$105.00</td>
<td>$99.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Underperform</td>
<td>$78.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Joel Fishbein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$105.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$110.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Tal Liani</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$104.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$105.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Shaul Eyal</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$105.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$100.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Dan Bergstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$97.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$90.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Jonathan Ruykhaver</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Hamza Fodderwala</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$106.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Brad Zelnick</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$90.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$95.00</td>
<td>$88.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fortinet. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Fortinet compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Fortinet's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Fortinet's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FTNT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fortinet analyst ratings.</a>
<h2>About Fortinet</h2>
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
<h3>Financial Insights: Fortinet</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Fortinet displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 13.0%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Fortinet's net margin excels beyond industry benchmarks, reaching 35.8%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Fortinet's ROE stands out, surpassing industry averages. With an impressive ROE of 90.26%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Fortinet's ROA excels beyond industry benchmarks, reaching 6.39%. This signifies efficient management of assets and strong financial health.
Debt Management: Fortinet's debt-to-equity ratio is below the industry average at 1.09, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fortinet Stock: A Deep Dive Into Analyst Perspectives (37 Ratings)

Investors with a lot of money to spend have taken a bearish stance on Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FTNT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Fortinet.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 47%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $694,282, and 13 are calls, for a total amount of $663,519.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $130.0 for Fortinet over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Fortinet's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Fortinet's whale trades within a strike price range from $55.0 to $130.0 in the last 30 days. 
<h3>Fortinet Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739213119_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$10.9</td>
<td>$10.3</td>
<td>$10.46</td>
<td>$120.00</td>
<td>$549.1K</td>
<td>0</td>
<td align="right">525</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$16.8</td>
<td>$15.95</td>
<td>$16.8</td>
<td>$100.00</td>
<td>$146.1K</td>
<td>2.0K</td>
<td align="right">109</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$10.3</td>
<td>$9.9</td>
<td>$10.25</td>
<td>$120.00</td>
<td>$89.1K</td>
<td>0</td>
<td align="right">612</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$16.8</td>
<td>$16.7</td>
<td>$16.8</td>
<td>$100.00</td>
<td>$84.0K</td>
<td>2.0K</td>
<td align="right">180</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.0</td>
<td>$7.65</td>
<td>$8.0</td>
<td>$105.00</td>
<td>$80.0K</td>
<td>744</td>
<td align="right">9</td>
</tr>
</tbody>
</table>

<h3>About Fortinet</h3>
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
<h3>Fortinet's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,709,469, the FTNT's price is up by 2.87%, now at $110.75. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 80 days.</li>
</ul>
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Markets

What the Options Market Tells Us About Fortinet

Fortinet shares are trading higher after Susquehanna raised its price target on the stock from $90 to $110.

Susquehanna analyst Shyam Patil maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and raises the price target from $90 to $110.

Price Target

Susquehanna Maintains Neutral on Fortinet, Raises Price Target to $110

Fortinet shares are trading higher after multiple analysts raised their price targets on the stock.

RBC Capital analyst Dan Bergstrom maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Sector Perform and raises the price target from $97 to $115.

RBC Capital Maintains Sector Perform on Fortinet, Raises Price Target to $115

Cantor Fitzgerald analyst Jonathan Ruykhaver maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and raises the price target from $110 to $115.

Cantor Fitzgerald Maintains Neutral on Fortinet, Raises Price Target to $115

Cybersecurity firm Fortinet, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) released its upbeat fourth-quarter print on Thursday.
Fortinet reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43546703/fortinet-stock-surges-on-q4-earnings-beat" rel="noreferrer noopener">fourth-quarter revenue</a> of $1.66 billion, up 17%, topping the&nbsp;consensus estimate&nbsp;of $1.59 billion. The cybersecurity company reported fourth-quarter adjusted earnings of 74 cents per share, above analyst estimates of 61 cents per share.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43475080/paypal-beats-q4-estimates-as-transaction-margins-and-payment-volume-drive-growth-eyes-2025-growth-with-strong-tmd-eps-outlook-ahead-of-investor-day-analyst" rel="noreferrer noopener">PayPal Transaction Margins and Payment Volume Drive Growth, Eyes 2025 Growth With Strong TMD Ahead of Investor Day: Analyst</a>
Fortinet expects first-quarter revenue of $1.5 billion-$1.56 billion versus estimates of $1.53 billion. The company anticipates first-quarter adjusted earnings of 52 cents-54 cents per share versus estimates of 53 cents per share.
Wall Street analysts rerated the stock:
<ul>
<li>Needham analyst Matt Dezort reiterated a <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings" target="_blank" rel="noreferrer noopener">Hold on Fortinet</a>.</li>
<li>Guggenheim analyst John Difucci maintained a Neutral on Fortinet.</li>
<li>Goldman Sachs analyst reiterated a Buy on Fortinet with a price target of $130.</li>
</ul>
Needham: Fortinet reported a strong fourth quarter with Billings and Product Revenue well ahead, while guidance was mixed with first-quarter Billings growth of ~11%, modestly below consensus and full-year in-line across the board.
Product Revenue growth of +18% beat consensus by ~10% and was driven by early firewall refresh activity, which was particularly strong in Enterprise/ Mid-Market.
Billings grew 7% to $2 billion, $50 million above forecast, driven by double-digit growth from both SASE and SecOps and strong growth in $5 million-$10 million deals, up 90%.
Fortinet is implementing several new GTM initiatives to maximize the refresh opportunity, including adding capacity, vertical sales plays, and renewed channel incentives. CFO Keith Jensen announced he will be retiring, and Chief Accounting Officer Ms. Christiane Ohlgart will take over the role.
Guggenheim: Fortinet reported fourth-quarter results that were better than consensus estimates as total revenue accelerated to 17% growth and billings grew 7%.
New ARR for Software (Subscription + Support) was flattish, but if assuming a 5-year life for the New Workload, Difucci estimates New ARR was modestly positive (+3%) for the first time in 6 quarters.
In other words, the business is improving, but it remains challenging. First-quarter guidance was essentially in line, though revenue was below consensus at the midpoint, while annual 2025 guidance was better than the Street.
There continues to be much discussion around the product refresh cycle associated with supporting end-of-life in 2026 for products that would constitute $400 million to 450 million in Product revenue over the next two years.
However, Difucci modeled a natural Product refresh on a 5-year bell curve, coincidentally yielding a natural incremental refresh of about $450 million over the next two years. This would provide ample upside to Product and Support revenue implied in guidance, though less to Subscription. Then it comes down to what all this is worth.
Difucci does not see Fortinet as expensive at 17 times EV/NTM recurring revenue or 38 times EV/NTM FCF after the close, but it is not incredibly cheap, either.
While Difucci is comfortable that the Product refresh will provide some business traction, the stock has doubled since the company started pushing this narrative versus the iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>), up 24%.
This, in addition to the consistently sluggish momentum in the business, as reflected in New ARR growth, or lack thereof, over the past year and a half, kept the analyst at Neutral.
Goldman Sachs: Fortinet&#8217;s fourth-quarter billings were 2% above the Street, EBIT was 550bps above, and EPS was 22% above. Fiscal 2025 Billings guidance of +12% and EBIT guidance of 32% (at the midpoint) was in line with the Street.
The fourth-quarter results and 2025 commentary illustrate that Fortinet&#8217;s extensive firewall installed base is still early in realizing the potential of upsell from adopting newer converged networking technologies.
EBIT margin outperformance (550bps above the Street) continues to illustrate Fortinet&#8217;s structurally better unit economics.
Price Action: FTNT stock is up 4.03% at $108.94 at the last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/02/43475015/spotifys-strong-subscriber-growth-and-rising-margins-keep-analysts-bullish" target="_blank" rel="noreferrer noopener">Spotify Is Still One Of Top 4 Best Ideas For 2025: Analyst</a></li>
</ul>
Photo by JHVEPhoto via Shutterstock

Reiteration

Fortinet's Firewall Refresh and Enterprise Deals Drive Growth, Analysts Highlight Upsell Potential

Wall Street slumped into negative territory late in the week as renewed fears over inflation and trade <a href="https://www.benzinga.com/topic/tariffs">tariffs eroded risk appetite. </a>
The first warning sign came from the University of Michigan's consumer sentiment survey, which revealed an "unusually large" spike in inflation expectations. The one-year inflation outlook surged by a full percentage point to 4.3%, marking its highest <a href="https://www.benzinga.com/25/02/43564020/consumer-sentiment-sinks-economist-flags-unusually-large-rise-in-inflation-perception">level since November 2023. </a>
Investor uncertainty grew following President Donald Trump's announcement that &#8216;reciprocal tariffs&#8217; would take effect next week. Trump is expected to sign new executive orders at 2:00 p.m. Friday.
On the macro front, February&#8217;s jobs report revealed a mixed outcome, with employment growth slowing down more than expected, yet unemployment fell more than expected, and wages surged more than expected.
Market reaction was swift. The S&amp;P 500 fell 0.6%, erasing its weekly gains, while the Nasdaq 100 dropped 0.9% by 1:00 p.m. trading in New York. 
The Dow Jones Industrial Average slipped into negative territory for the week, putting its three-week winning streak at risk. Small-cap stocks underperformed, with the Russell 2000 sinking 1.3%. 
Stock-wise, Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) skyrocketed by 9.5%, extending its 8.6% rally from the previous session, after hedge fund billionaire Bill Ackman revealed a stake of 30.3 million shares in the ride-hailing giant.
In currency and bond markets, the U.S. dollar index – tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) – rallied following the tariff headlines, while Treasury yields climbed higher. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 0.8%, reflecting renewed pressure on long-duration bonds. 
Gold took a breather, retreating under pressure from a stronger dollar. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) erased early session gains, slipping from an intraday high of $100,000 to $97,500.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>• S&amp;P 500</td>
<td>6,047.11</td>
<td>-0.6%</td>
</tr>
<tr>
<td>• Dow Jones</td>
<td>44,452.38</td>
<td>-0.7%</td>
</tr>
<tr>
<td>• Nasdaq 100</td>
<td>21,576.82</td>
<td>-0.9%</td>
</tr>
<tr>
<td>• Russell 2000</td>
<td>2,279.74</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;fell 0.6% to $602.79.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.7% to $444.45.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 0.8% up to $528.47.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) flattened at $229.55.</li>
<li>The&nbsp;Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 0.7%; the&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 1.2%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included:
<ul>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): down 3.78%</li>
<li>Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>): down 8.29%</li>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>): up 2.86%</li>
<li>Expedia Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>): up 15.22%</li>
<li>Take-Two Interactive Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>): up 14.92%</li>
<li>Monolithic Power Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>): up 7.06%</li>
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>): up 17.09%</li>
<li>SS&amp;C Technologies Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>): up 5.44%</li>
<li>Principal Financial Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>): up 1.55%</li>
<li>Mettler-Toledo International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>): up 2.12%</li>
<li>AptarGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATR#NYSE">ATR</a>): down 7.08%</li>
<li>Post Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>): up 5.96%</li>
<li>Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>): down 1.53%</li>
<li>Boyd Gaming Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>): down 0.76%</li>
<li>Encompass Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHC#NYSE">EHC</a>): up 1.53%</li>
<li>VeriSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>): down 0.32%</li>
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<li>Skechers USA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>): down 12.68%</li>
<li>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>): up 23.22%</li>
<li>e.l.f. Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>): down 21.12%</li>
<li>Fortive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>): down 1.64%</li>
<li>Kimco Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>): up 0.20%</li>
<li>Avantor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>): down 9.52%</li>
<li>Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>): down 2.65%</li>
<li>Cboe Global Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#NASDAQ">CBOE</a>): up 1.03%</li>
<li>Construction Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>): up 6.75%</li>
<li>Plains GP Holdings LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NYSE">PAGP</a>): down 1.56%</li>
<li>Flowers Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>): up 0.31%</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>): down 28.38%</li>
<li>Perella Weinberg Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PWP#NASDAQ">PWP</a>): down 6.50%</li>
<li>Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>): up 16.75%</li>
<li>Proto Labs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>): down 1.89%</li>
<li>Green Plains Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRE#NASDAQ">GPRE</a>): down 19.06%</li>
<li>Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>): down 17.34%</li>
<li>GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>): down 4.70%</li>
<li>Canopy Growth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>): down 25.18%</li>
<li>Iterum Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>): down 5.03%</li>
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Goldman Sachs analyst Gabriela Borges maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Buy and raises the price target from $114 to $130.

Goldman Sachs Maintains Buy on Fortinet, Raises Price Target to $130

Scotiabank analyst Patrick Colville maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Sector Outperform and raises the price target from $115 to $135.

Scotiabank Maintains Sector Outperform on Fortinet, Raises Price Target to $135

Guggenheim analyst John Difucci reiterates Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) from Neutral to Neutral.

Guggenheim Reiterates Neutral on Fortinetto Neutral

Stifel analyst Adam Borg maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold and raises the price target from $103 to $115.

Stifel Maintains Hold on Fortinet, Raises Price Target to $115

Wells Fargo analyst Andrew Nowinski maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Equal-Weight and raises the price target from $85 to $105.

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:34 PMFeb 19, 2025	CALL	$100.00	Jan 15, 2027	690	2004	500	32	6191	TRADE	BULLISH
12:38 PMFeb 19, 2025	CALL	$100.00	Jan 15, 2027	690	1624	250	26	6191	SWEEP	BULLISH
10:46 AMFeb 19, 2025	PUT	$120.00	Mar 21, 2025	25	1080	1080	102	1064	TRADE	BEARISH
03:10 PMFeb 18, 2025	PUT	$135.00	Sep 19, 2025	207	300	300	Infinity	0	TRADE	BULLISH