Cybercrime Surge Fuels Demand For Cybersecurity ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2025
0mins
Should l Buy FTNT?
Source: Benzinga
Cybersecurity Threats and Investment Opportunities: Recent cyberattacks, including breaches by Salt Typhoon hackers and Russian-backed groups targeting Ukraine, highlight the growing sophistication of cybercrimes, prompting increased investments in cybersecurity measures.
Top Cybersecurity ETFs for Investors: Three notable ETFs—Global X Cybersecurity ETF (BUG), Amplify Cybersecurity ETF (HACK), and iShares Cybersecurity and Tech ETF (IHAK)—offer diverse exposure to leading cybersecurity companies, making them attractive options for investors looking to capitalize on the booming market.
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Analyst Views on FTNT
Wall Street analysts forecast FTNT stock price to rise
24 Analyst Rating
3 Buy
18 Hold
3 Sell
Hold
Current: 82.770
Low
70.00
Averages
84.18
High
100.00
Current: 82.770
Low
70.00
Averages
84.18
High
100.00
About FTNT
Fortinet, Inc. is engaged in cybersecurity, driving the convergence of networking and security. The Company’s integrated platform, Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and artificial intelligence (AI)-driven security operations (SecOps). Its products and services include FortiOS, FortiASIC, FortiCloud, FortiAI, FortiEndpoint, and OT Security. The FortiGuard Labs is a cybersecurity threat intelligence and research organization comprised of experienced threat hunters, researchers, analysts, engineers and data scientists who develop and utilize machine learning and AI technologies. FortiGuard and Other Security Services are a suite of AI-powered security capabilities that are integrated as part of the Fortinet Security Fabric to deliver coordinated detection and enforcement across the entire attack surface. FortiCare Technical Support Service is a per-device technical support service. It also operates Fortinet Training Institute.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Economic Data: Despite market pressures, Q4 nonfarm productivity remained at 1.8%, while unit labor costs were revised up to 4.4%, exceeding expectations, indicating resilience in the economic fundamentals that may provide some support to the stock market.
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- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
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- Oil Price Volatility Analysis: Brent and West Texas Intermediate crude oil surged over 11% and 8% respectively over the past five trading sessions, with Brent settling above $100 for the first time since 2022, reflecting heightened market concerns over supply disruptions.
- Investment Strategy Adjustment: During the market turmoil, Jim Cramer advised investors to remain on the sidelines to avoid completely exiting the stock market during uncertain times, which could lead to missing out on future rebounds, while also increasing Procter & Gamble shares on Wednesday, indicating confidence in consumer goods.
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See More
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- Market Performance: On Tuesday, the S&P 500 Index fell by 0.37%, the Dow Jones Industrial Average decreased by 0.18%, and the Nasdaq 100 Index dropped by 0.77%, reflecting investor concerns over the ongoing conflict in Iran and a general decline in market sentiment.
- Oil Price Fluctuations: WTI crude oil prices surged over 4%, reaching elevated levels due to Iran's missile and drone strikes on Israel and US bases, raising fears about energy supply disruptions that could impact global economic recovery.
- Economic Data: Despite market pressures, Q4 nonfarm productivity remained at 1.8%, while unit labor costs were revised up to 4.4%, exceeding expectations, indicating resilience in the economic fundamentals that may provide some support to the stock market.
- International Tensions: Reports of Saudi Arabia and the UAE aligning with the Iran conflict have heightened market anxiety, as investors are closely monitoring the potential for increased US military deployment, which could escalate tensions and affect global market stability.
See More
Databricks Launches Lakewatch Cybersecurity Product
- New Product Launch: Databricks has introduced Lakewatch, a cybersecurity product leveraging large language models (LLMs) to automate and enhance security measures, with current users including Adobe and National Australia Bank, indicating strong market demand and potential.
- Innovative Pricing Model: Unlike traditional models that charge based on data storage, Lakewatch will charge based on the workload performed by the software, aiming to reduce costs for customers and attract more enterprises to adopt this solution.
- Competitive Market Advantage: As an alternative to traditional security information and event management (SIEM) services, Lakewatch could pose a threat to industry giants like Palo Alto Networks, Cisco, and Google, helping Databricks carve out a niche in the cybersecurity sector.
- Future Growth Potential: With increasing cybersecurity demands, Lakewatch is positioned to support Databricks' $134 billion valuation and pave the way for a potential IPO, with CEO Ali Ghodsi hinting at a possible public offering in 2026.
See More
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- Nvidia Stock Fluctuations: Nvidia's shares have fallen 13.5% from their October peak, and while they have gained 50% over the past year, they are down 1.76% so far in 2026, indicating market caution regarding its future performance.
- Software Sector Struggles: The S&P Software & Services Index has dropped 26% from its October 28 high and is down 18% year-to-date in 2026, reflecting concerns that artificial intelligence may replace traditional software, leading to poor overall sector performance.
- Vertiv's Strong Performance: Vertiv's stock has surged nearly 203% over the past year, despite a 4% decline from last week's high, as demand for its cooling equipment and power management systems for data centers continues to grow, showcasing the positive impact of the AI wave.
- Lululemon Earnings Outlook: Lululemon is set to report earnings after the bell on Tuesday, having lost 22% in the past three months and 54% from last March's high, with market expectations for its future performance being relatively low.
See More
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- AI Governance and Security Integration: On March 10, Fortinet launched FortiOS 8.0, designed to simplify operations across hybrid and multi-cloud environments by integrating networking and security functions, thereby enhancing enterprise security amid the rapid adoption of generative AI and cloud-first strategies.
- Real-Time Risk Monitoring: The new system provides real-time visibility into shadow AI and introduces AI-aware application controls that block risky actions while permitting sanctioned tools, significantly bolstering the company's security posture.
- Data Protection and Intelligent Assistants: FortiOS 8.0 includes a Model Context Protocol to manage interactions between autonomous agents and enhances data loss prevention using optical character recognition technology to safeguard sensitive data effectively.
- Edge Connectivity and Future Cryptography: This update also advances secure edge connectivity through next-generation SASE and future-ready cryptography, assisting IT teams in configuring and troubleshooting complex firewall and SD-WAN environments more efficiently.
See More
Liquid Networx Named Fortinet's First EPSP Partner of the Year and Unified SASE Partner of the Year
- First EPSP Partner Award: Liquid Networx has been named Fortinet's first Engage Preferred Services Partner (EPSP) Partner of the Year in North America, highlighting its exceptional performance in cybersecurity and enhancing its reputation and market position in the industry.
- Third Consecutive Year: For the third consecutive year, Liquid Networx has received the Unified SASE Partner of the Year award, demonstrating its ongoing innovation in securing hybrid workforces and solidifying its market leadership in the convergence of networking and security.
- Dual Honors: Liquid Networx is the first partner to receive two awards in a single year, reflecting its significance and influence within the Fortinet ecosystem, while also creating more business opportunities and customer trust for the company.
- Exceptional Service Delivery: As the EPSP Partner of the Year, Liquid Networx has strengthened customer relationships and driven recurring revenue growth through rigorous accreditation standards and high-quality security consulting services, showcasing its expertise and competitive edge in the cybersecurity market.
See More
Oil Price Surge Triggers Market Turmoil
- Market Performance Review: The S&P 500 fell 1.6% last week, marking its first three-week losing streak in nearly a year due to the spike in oil prices driven by the Iran war, highlighting the market's sensitivity to geopolitical risks.
- Oil Price Volatility Analysis: Brent and West Texas Intermediate crude oil surged over 11% and 8% respectively over the past five trading sessions, with Brent settling above $100 for the first time since 2022, reflecting heightened market concerns over supply disruptions.
- Investment Strategy Adjustment: During the market turmoil, Jim Cramer advised investors to remain on the sidelines to avoid completely exiting the stock market during uncertain times, which could lead to missing out on future rebounds, while also increasing Procter & Gamble shares on Wednesday, indicating confidence in consumer goods.
- Cybersecurity Investment Opportunity: CrowdStrike performed well in the portfolio with a 3% weekly gain, as the escalation of the Iran war raised the risk of cyberattacks, leading Jim Cramer to view the company as a high-quality stock worth investing in due to its leadership in cybersecurity.
See More
