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

Rating:
Outperform
FTNT
up 85.47 %

Fortinet, Inc. (FTNT) rated Outperform with price target $23 by FBR Capital

Posted on: Wednesday,  May 1, 2013  8:25 AM ET by FBR Capital

FBR Capital rated Outperform Fortinet, Inc. (NASDAQ: FTNT) on 05/01/2013. Previously FBR Capital rated Outperform Fortinet, Inc. (NASDAQ: FTNT) on 01/31/2013.,
when the stock price was $23.00. Since then, Fortinet, Inc. has gained 85.48% as of 01/26/2016's recent price of $42.66.
If you would have followed the previous FBR Capital's recommendation on FTNT, you would have gained 85.47% of your investment in 1090 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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2013 8:25 AM Buy
None
18.49 23.00
as of 12/13/2013
1 Week down  -0.11 %
1 Month down  -11.55 %
3 Months down  -14.13 %
1 YTD down  -4.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2013 9:25 AM Buy
None
23.00 27.00

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