Snowflake Stock Rallies on AI Spending Increase

Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low … Read more

Fortinet is an Undervalued Cybersecurity Stock Worth Owning

$60.11 -0.98 (-1.60%) (As of 07/8/2024 ET) 52-Week Range $44.12 ▼ $81.24 P/E Ratio 39.29 Price Target $70.03 Leading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model. … Read more

Progress Software Stock Back in Green After Beating Expectations

PRGS Progress Software $54.36 -0.72 (-1.31%) (As of 07/8/2024 ET) 52-Week Range $48.00 ▼ $62.34 Dividend Yield 1.29% P/E Ratio 33.15 Price Target $63.14 Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date. The … Read more