10 Latest Stocks on Jim Cramer’s Radar

3. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders In Q2 2025: 46

Cybersecurity firm Fortinet, Inc. (NASDAQ:FTNT)’s shares have lost 18.8% year-to-date as they have lagged peers in an otherwise robust sector. The shares are in the red because of a massive 23% fall in August that followed the firm’s second-quarter earnings. Fortinet, Inc. (NASDAQ:FTNT’s shares were shunned as the firm failed to convince investors that it could deliver growth in its order pipeline for the rest of the year. Cramer mentioned a Morgan Stanley note that downgraded the stock to Underweight from Equalweight and cut the share price target to $67 from $78:

“And they [Morgan Stanley] also downgraded Fortinet. Now Fortinet missed the numbers so I don’t really care about that. . “

Here is what Cramer said about Fortinet, Inc. (NASDAQ:FTNT) after the firm’s earnings report:

“They missed big. Cybersecurity miss. We tend not to have any. They did a new iteration, no one was really excited about it. You can’t have a not great cybersecurity company, cause they’re all valued on amazingly high revenues.”