Fortinet is a leading cybersecurity provider with positive cash flow and a robust buyback outlook.Cybersecurity is a big business and is getting bigger every day. Attacks are growing at an alarming double-digit pace and will accelerate in 2024. The rise of AI will accelerate growth in 2025 and increase the risks as black hats get smarter and stronger.
Cash flow and balance sheet health allow for robust share repurchases. The company reduced the count by nearly 2.5% in Q3, and the board increased the authorization. The new authorization doubled the remaining to $2 billion, or about 2.6% of the market cap, with shares near $95. Consensus implies a substantial decline in the price action, but the fresh targets, which are all in the high-end range, suggest that this market will move above $100 soon.Datadog is more than a cybersecurity company. Its unified platform provides cloud-based monitoring along with a suite of other options. It has emerged as a go-to source for small and medium-sized businesses shifting to the cloud for simple, scalable solutions that provide utility and value.
Cash flow and balance sheet improvements will help drive the stock price in 2025. The company doesn’t pay dividends or repurchase shares but may soon commence. The positive cash flow business allowed it to grow its cash balance, reduce its debt to nearly zero, and grow equity by 30% in the last year. Total liability is less than 1X equity, leaving the company in a solid position to continue scaling its business.
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