Why This Investor Just Added These 2 Stocks To His Portfolio
Autodesk has developed a design tool to reduce carbon emissions, Wright said. The company is steadily increasing revenue and expanding its margins, he added.
Wright told CNBC that as 5G continues to become more prevalent, the risk of being hacked increases. Fortinet provides a cybersecurity solution for protecting businesses and their data, he said.
Fortinet deploys a subscription-based business model, Wright noted. The company has profit margins of 80% and a free cash flow yield of 3%, he said: "we really like Fortinet."
Related Link: Analyst Ratings For Fortinet
ADSK, FTNT Price Action: At last check Friday, Autodesk was up 1.36% at $312.70 and Fortinet was up 1.35% at $274.40.
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