Fortinet Stock (NASDAQ:FTNT): Unusual Options Activity Suggests Bullish Sentiment

Usually, when a publicly-traded enterprise suffers a single-day catastrophic loss – such as what happened to cybersecurity specialist Fortinet (NASDAQ:FTNT) on Friday – conventional wisdom suggests you should stay away. In many, if not most cases, bad news can lead to even worse outcomes. However, bullish-leaning unusual options activity suggests that Fortinet could be worth a look for intrepid speculators. Nevertheless, I am neutral on FTNT stock.

Disappointing Outlook Craters FTNT Stock

Over the long run, Fortinet seems an extraordinarily relevant market idea. While so much attention centers on innovative technologies such as artificial intelligence (AI), such advancements don’t occur in a vacuum. Sadly, elements of human society will always seek to take advantage of developments in conveniences and efficiencies for nefarious purposes. Thus, FTNT stock enjoys a baseline level of pertinence.