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Zacks Investment Research disclosed Fortinet Inc (NASDAQ:FTNT), hiking its price target to $43.00 earlier today

Yesterday Fortinet Inc (NASDAQ:FTNT) traded 1.02% higher at $38.26. The company’s 50-day moving average is $38.35 and its 200-day moving average is $37.91. The last closing price is up -3.76% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 1,197,582 shares of Fortinet Inc exchanged hands, down from an avg. volume of 1,716,420

Reporting a possible upside of 0.12%, Zacks Investment Research upped the price target of Fortinet Inc (NASDAQ:FTNT) to $43.00

Performance Chart

Fortinet Inc (NASDAQ:FTNT)

With a total market value of $0, Fortinet Inc has price-earnings ratio of 99.95 with a one year low of $28.51 and a one year high of $41.56 .

A total of 28 equity analysts have released a research note 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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