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

Rating:
Sector Perform
FTNT
down 27.66 %

Fortinet, Inc. (FTNT) downgraded to Sector Perform with price target $20 by RBC Capital Mkts

Posted on: Thursday,  Apr 11, 2013  10:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Fortinet, Inc. (NASDAQ: FTNT) on 04/11/2013. Previously RBC Capital Mkts rated Outperform Fortinet, Inc. (NASDAQ: FTNT)
on 02/01/2012., when the stock price was $24.87. Since then, Fortinet, Inc. has lost 27.66% as of 04/11/2013's recent price of $17.99.
If you would have followed the previous RBC Capital Mkts's recommendation on FTNT, you would have lost 27.66% of your investment in 435 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/11/2013 10:25 AM Hold
None
17.99 20.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -14.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/1/2012 11:25 AM Buy
None
24.87 28.00
4/28/2011 9:25 AM Buy
None
22.43 24.00
4/11/2011 9:25 AM Buy
None
19.80 22.00
1/19/2011 9:25 AM Buy
None
17.84 20.00
10/22/2010 9:25 AM Buy
None
13.68 15.00
10/6/2010 9:25 AM Buy
None
12.83 13.00

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