Short Term Rating on Fortinet (FTNT)

Fortinet (FTNT) : 10 brokerage houses believe that Fortinet (FTNT) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fortinet (FTNT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 19 Wall Street Analysts endorse the stock as a Buy with a rating of 1.84.

Fortinet (FTNT) : Average target price received by Fortinet (FTNT) is $41.31 with an expected standard deviation of $7.23. The most aggressive target on the stock is $54, whereas the most downbeat target is $30. 16 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


Fortinet (NASDAQ:FTNT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.48 and $33.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.87, notching a gain of 0.77% for the day. The total traded volume was 1,334,179 . The stock had closed at $33.61 on the previous day.

Fortinet, Inc. provides cyber security solutions to enterprise, service providers and government organizations across the world. The Companys network security solution consists of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Companys FortiGate appliances may be deployed as Next Generation Firewalls (NGFW), Data Center Firewalls (DCFW), Unified Threat Management (UTM) systems, Internal Network Firewall (INFW), Virtual Machine Firewalls or Cloud Firewalls. The FortiGate appliances range from the FortiGate-20 series for small businesses and branch offices to the FortiGate-5000 series for enterprises and service providers, and are based on its technology platform. Its security services are based on intelligence gathered by its FortiGuard Labs team.

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