Fortinet Inc (NASDAQ:FTNT) has been downgraded to Equal Weight in a statement by Stephens earlier today.
- Updated: October 15, 2016
Showing a price of $34.09, Fortinet Inc (NASDAQ:FTNT) traded -0.58% lower on the day. The last stock price is up -7.77% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. Fortinet Inc has recorded a 50-day average of $35.58 and a two hundred day average of $33.62. 3,966,005 shares of the stock traded hands, up from an average volume of 2,011,760
Stephens has downgraded Fortinet Inc (NASDAQ:FTNT) to Equal Weight in a statement released on 10/12/2016.
Previously on Tuesday September 13, 2016, Wunderlich reported about Fortinet Inc (NASDAQ:FTNT) increased the target price from $42.00 to $45.00 that suggested an upside of 0.25%.
Recent Performance Chart
With a market cap of $0, Fortinet Inc has 52 week low of $23.16 and a 52 week high of $44.63 with a price-earnings ratio of 838.11 .
A total of 28 brokerages have issued a ratings update on the company. Nine analysts rating the stock a strong buy, 13 equity analysts rating the company a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $40.79.
Brief Synopsis About Fortinet Inc (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.
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