Fortinet (FTNT) Stock Sinks as Cybersecurity Network Hardware Sales Slow
Fortinet (FTNT) stock has been under pressure as Product salesgrwth has slipped from +30% to +18% to -1% the past three quarters.
Fortinet (FTNT) stock has been under pressure as Product salesgrwth has slipped from +30% to +18% to -1% the past three quarters.
ServiceNow (NOW) had another excellent qtr as management noted generative AI represents a real tailwind to the company’s growth.
Vertiv (VRT) is seeing seeing robust market demand as more infrastructure is needed to meet the computer capacity needed for AI.
Meta Platforms (META) delivered an excellent quarter as management cut expenses while AI improved engagement and monetization.
Chipotle (CMG) is developing automated digital make lines to make bowls and salads, which should keep profit growth rolling along.
Paycom Software (PAYC) delivered a HUGE warning on 2024 revenue estimates, which proceeded to crush the stock. Here’s the scoop.
Alphabet’s (GOOGL) biggest segment, Google Search, showed investors the ad market is good. But Google’s Cloud business slowed.
Visa (V) management stated business ticket up from July to September, which should put the question about a recession to rest.
Tesla (TSLA) stock as been weak as spending on Cybertruck, Optimus, and Dojo as well as price cuts on autos are hurting profits.
RH (RH) is having trouble growing sales and profits right now as high mortgage rates and a sluggish economy dampen demand.
UPDATE: Medical device maker InMode (INMD) is warning on profits, thus the stock will be sold from the Growth Portfolio.
Wingstop (WING) sees deliveries on the rise. Perhaps from 30% of sales to greater than 50%. And that’s increasing unit volume too.