Fortinet Inc (NASDAQ:FTNT) stock price target reduced to $36.00, issued a research note today by Goldman Sachs Group Inc.
- Updated: October 15, 2016
Having a price of $34.09, Fortinet Inc (NASDAQ:FTNT) traded -0.58% lower on the day. The last stock close price is up -7.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Fortinet Inc has recorded a 50-day average of $35.58 and a two hundred day average of $33.62. Volume of trade was up over the average, with 3,966,005 shares of FTNT changing hands over the typical 2,011,760
In a report released on 10/12/2016 Goldman Sachs Group Inc. reduced the stock price target of Fortinet Inc (NASDAQ:FTNT) from $43.00 to $36.00 stating a potential upside of 0.06%.
On 9/13/2016, Wunderlich released a statement on Fortinet Inc (NASDAQ:FTNT) upped the target price from $42.00 to $45.00 that suggested an upside of 0.25%.
With a total market value of $0, Fortinet Inc has price-earnings ratio of 838.11 with a one year low of $23.16 and a 52 week high of $44.63 .
In addition to Goldman Sachs Group Inc. reporting its target price, a total of 28 brokers have issued a report on the stock. The consensus target price is $40.79 with 9 brokers rating the stock a strong buy, 13 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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