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" — Jim Cramer Says “We Don’t Want Fortinet”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

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 potential of FTNT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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