In the fast-evolving world of technology, cybersecurity has taken center stage. With global cybersecurity revenue set to hit $500.7 billion by 2030, the race to protect data is fierce, and the stakes keep rising as artificial intelligence (AI) and digitization fuel advanced threats like deepfakes and cryptojacking.
Cybersecurity player Fortinet, Inc. (FTNT), known for its cloud-based security solution, FortiSASE, could benefit from increased spending. FTNT stock has returned 34.4% on a YTD basis, clearly outpacing the S&P 500 Index’s ($SPX) gain of 19.6% during the same period.
