A statement released earlier today by BMO Capital Markets about Fortinet Inc (NASDAQ:FTNT) bumps the target price to $46.00
- Updated: April 21, 2017
BMO Capital Markets bumped up the target of Fortinet Inc (NASDAQ:FTNT) to $46.00 stating a potential upside of 0.19%.
On 4/17/2017, Stifel released a statement for Fortinet Inc (NASDAQ:FTNT) bumped up the target price from $36.00 to $42.00 that suggested an upside of 0.13%.
Boasting a price of $38.51, Fortinet Inc (NASDAQ:FTNT) traded 0.21% higher on the day. With the last stock price close up 14.24% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Fortinet Inc has recorded a 50-day average of $37.21 and a two hundred day average of $33.71. Volume of trade was down over the average, with 864,594 shares of FTNT changing hands under the typical 1,854,870
With a total market value of $0, Fortinet Inc has price-earnings ratio of 213.94 with a one year low of $28.50 and a one year high of $39.03 .
A total of 28 equity analysts have released a ratings update on FTNT. Nine equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, eleven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $40.79.
Brief Synopsis About Fortinet Inc (NASDAQ:FTNT)
Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.
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