A statement released earlier today by RBC Capital about Fortinet (NASDAQ:FTNT) lowers the target price to $30.00
- Updated: October 11, 2016
In a report issued 10/12/2016 RBC Capital bumped down the target of Fortinet (NASDAQ:FTNT) from $37.00 to $30.00 reporting a potential downside of -0.12%.
Previously on 9/13/2016, Wunderlich reported about Fortinet (NASDAQ:FTNT) bumped up the target price from $42.00 to $45.00 that suggested an upside of 0.25%.
Yesterday Fortinet (NASDAQ:FTNT) traded -2.57% lower at $34.09. FTNT’s 50-day average is $35.98 and its two hundred day average is $33.64. With the last stock price close up 1.33% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 4,197,863 shares of Fortinet traded, up from an avg. volume of 1,548,740
Recent Performance Chart
Fortinet has 52 week low of $23.16 and a 52 week high of $44.63 with a P/E ratio of 921.35 and has a total market value of $0.
A total of 28 brokerages have released a report on the stock. 9 equity analysts rating the company a strong buy, 13 firms rating the company a buy, eleven analysts rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $40.79.
General Information About Fortinet (NASDAQ:FTNT)
Fortinet, Inc. provides cyber security solutions to enterprises, service providers and government organizations across the world. The Company's flagship 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. The Company's 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.