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Palo Alto Networks and Fortinet surge on AI tailwind

Palo Alto Networks shares are up 112% this year, while Fortinet is up 125% as AI-driven demand supports earnings momentum and technical breakouts.

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MarketBeat Ratings links recent strength in cybersecurity stocks to a shift in how AI is being used across enterprises, arguing that AI adoption is creating more vulnerabilities and raising demand for AI-powered defenses.

According to MarketBeat Ratings, Palo Alto Networks and Fortinet have both posted major year-to-date gains, with Palo Alto Networks up 112% this year and Fortinet up 125%, alongside what the outlet calls earnings strength and technical breakouts.

The piece also says the market backdrop has improved for the AI trade, with broader technology strength returning and the Nasdaq-100 moving closer to its all-time highs, helping lift sentiment around cybersecurity beneficiaries like Palo Alto Networks and Fortinet.

Latest closeNasdaq Comp. 27,068.72 ▲0.5%

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