Fortinet (NASDAQ:FTNT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.84 by 19 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Stifel Nicolaus downgrades its rating on Fortinet (NASDAQ:FTNT). Analysts at the Stifel Nicolaus have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 27, 2016.
Fortinet (NASDAQ:FTNT): The stock price is expected to reach $ 41.31 in the short term. The number of analysts agreeing with this consensus is 16. The higher estimate for the short term price target is at $54 while the lower estimate is at $30. The standard deviation of the price stands at $7.23.
Fortinet (NASDAQ:FTNT) rose 0.66% or 0.22 points on Tuesday and made its way into the gainers of the day. After trading began at $33.67 the stock was seen hitting $33.98 as a peak level and $33.5 as the lowest level. The stock ended up at $33.76. The daily volume was measured at 939,036 shares. The 52-week high of the share price is $50.31 and the 52-week low is $23.16. The company has a market cap of $5,796 million.
Shares of Fortinet Inc. rose by 0.03% in the last five trading days and 0.15% for the last 4 weeks. Fortinet Inc. is up 16.57% in the last 3-month period. Year-to-Date the stock performance stands at 8.31%.
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.