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Benzinga
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Jim Cramer Calls Fortinet The 'Weakest' Cybersecurity Stock, Favors These 2 Instead

1. Cramer calls Fortinet the weakest among cybersecurity stocks. 2. Morgan Stanley downgraded Fortinet, lowering its price target from $78 to $67. 3. Cramer recommends alternatives like Palo Alto Networks and CrowdStrike. 4. Fortinet shares increased by 1.9%, closing at $80.36 on Monday. 5. Market sentiments showed a preference for other tech stocks over Fortinet.

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FAQ

Why Bearish?

Expert recommendations against FTNT alongside a downgrade hurt investor sentiment historically. Past downgrades for tech stocks often led to significant price declines.

How important is it?

Cramer's influence and analyst downgrades create significant concern for FTNT's outlook.

Why Short Term?

Recent downgrades and negative sentiments likely to impact FTNT's price quickly. Short-term investor reactions to Cramer's advice usually lead to immediate sell-offs.

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