Cloudflare and Fortinet Show Strong Uptick in Q3 as per Wells Fargo's Cybersecurity Reseller Survey
Monday, 14 October 2024, 13:50
Cloudflare and Fortinet Show Strong Uptick in Q3
In a recent report by Wells Fargo, it was highlighted that Cloudflare (NET) and Fortinet experienced a significant uplift in Q3. This is especially notable given the reported downturn in the security reselling and distribution sectors overall.
Implications of the Survey
- The survey revealed a challenging landscape for many cybersecurity firms.
- Despite difficulties, Cloudflare and Fortinet managed to thrive.
- Growth areas identified for these companies may hold key insights for investors.
Looking Ahead
As we look to the future, analysts remain cautiously optimistic about the trends in cybersecurity. While broader challenges persist, the achievements of Cloudflare and Fortinet can serve as a beacon for potential opportunity in an otherwise turbulent market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.