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Enter Symbol:
 
Fortinet, Inc. (FTNT) [hlAlert]

Rating:
Market Perform
FTNT
down 1.39 %

Fortinet, Inc. (FTNT) downgraded to Market Perform by Wells Fargo

Posted on: Thursday,  Apr 11, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform Fortinet, Inc. (NASDAQ: FTNT) on 04/11/2013. Previously Wells Fargo rated Outperform Fortinet, Inc. (NASDAQ: FTNT) on
11/16/2012., when the stock price was $17.95. Since then, Fortinet, Inc. has lost 1.39% as of 04/11/2013's recent price of $17.70.
If you would have followed the previous Wells Fargo's recommendation on FTNT, you would have lost 1.39% of your investment in 146 days.

Fortinet, Inc. (Fortinet) is a provider of network security appliances and Unified Threat Management (UTM) network security solutions to enterprises, service providers and government entities globally. Fortinet?s solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking, antivirus, intrusion prevention, Web filtering, antispam and wide area network (WAN) acceleration. The FortiGate appliances, from the FortiGate-50 for small businesses and branch offices to the FortiGate-5000 series for large enterprises and service providers, are based on technology platform. The platform includes the FortiASICs, which are specifically designed for accelerated processing of security and networking functions, and the FortiOS operating system, which provides the foundation for the security functions.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/11/2013 8:25 AM Hold
None
17.70
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -15.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/16/2012 8:25 AM Buy
None
17.95

(*) Stock Price at the time of the recommendation.
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