Jim Cramer Says “We Don’t Want Fortinet”

Fortinet, Inc. (NASDAQ:FTNT) is one of the stocks Jim Cramer recently talked about. When a caller asked about the company during the lightning round, Cramer replied:

“No, we don’t want Fortinet. We’re going to wait till CrowdStrike reports. It’s going to go down because that’s what always happens, and then you’re going to snatch some CrowdStrike.”

Jim Cramer Says "We Don’t Want Fortinet"

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Fortinet (NASDAQ:FTNT) provides cybersecurity solutions that integrate networking and security, including firewalls, secure access, AI-driven threat detection, and cloud protection. Moreover, the company offers support services, training, and threat intelligence through its research lab. On July 28, Wells Fargo raised its price target on the company stock to $110 from $95 while maintaining an Equal Weight rating. The firm’s checks show limited upside in product revenue and billings, and it remains cautious on the full-year 2025 outlook.

While we acknowledge the risk and potential of FTNT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FTNT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.