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A statement released earlier today by Deutsche Bank about Fortinet (NASDAQ:FTNT) raises the target price to $48.00

Having a price of $39.26, Fortinet (NASDAQ:FTNT) traded 2.39% higher on the day. With the last close up 4.87% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Fortinet has recorded a 50-day average of $37.84 and a two hundred day average of $38.33. Volume of trade was up over the average, with 1,656,938 shares of FTNT changing hands over the typical 1,386,000

In a report released on Wednesday October 18, 2017 Deutsche Bank raised the target price of Fortinet (NASDAQ:FTNT) from $36.00 to $48.00 stating a potential upside of 0.22%.

On 9/5/2017, Credit Suisse released a statement on Fortinet (NASDAQ:FTNT) upped the target price from $0.00 to $33.00 that suggested a downside of -0.14%.

Performance Chart

Fortinet (NASDAQ:FTNT)

With a total market value of $0, Fortinet has price-earnings ratio of 110.14 with a one year low of $28.50 and a one year high of $41.56 .

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 (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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