11 Best Performing Cybersecurity Stocks So Far in 2025

9. Fortinet Inc. (NASDAQ:FTNT)

Year-to-Date performance as of April 25: 6.30%

Number of Hedge Fund Holders: 61

Fortinet Inc. (NASDAQ:FTNT), a global leader in corporate cybersecurity and networking, protects over 700,000 organizations globally, including businesses, service providers, and government agencies. Its services include network firewalls, intrusion prevention, unified threat management, and advanced threat protection systems.

On April 25, Cantor Fitzgerald revised its outlook for Fortinet Inc. (NASDAQ:FTNT), lowering the price target to $100 from $115 while maintaining a neutral rating. The change reflects concerns over the impact of macroeconomic volatility on the company’s sales pipeline, regardless of the strong results expected in the first quarter of 2025. Jonathan Ruykhaver from Cantor Fitzgerald cited key trends in cybersecurity and AI as generating healthy demand throughout the first quarter of 2025. However, he noted a shift in the business climate beginning in April, with partners reporting tighter spending conditions as a result of recent macroeconomic instability. The change is projected to result in delayed agreements, longer sales cycles, and weaker pipelines as Fortinet Inc. (NASDAQ:FTNT) approaches the second quarter of the calendar year.