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Fortinet, Inc. (FTNT) [hlAlert]

Rating:
Buy FTNT
up 120.57 %

Fortinet, Inc. (FTNT) rated Buy by Jefferies

Posted on: Wednesday,  Jul 10, 2013  8:25 AM ET by Jefferies

Jefferies rated Buy Fortinet, Inc. (NASDAQ: FTNT) on 07/10/2013, when the stock price was $19.34. Since
then, Fortinet, Inc. has gained 120.58% as of 01/26/2016's recent price of $42.66.
If you would have followed this Jefferies's recommendation on FTNT, you would have gained 120.57% of your investment in 930 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.

Jefferiess' research efforts cover U.S. & International equity, high yield, convertibles, derivatives and option strategies, investment grade fixed income, post-reorganization securities, as well as special situations and quantitative research. Our team of more than 150 research professionals covers nearly 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes while providing in-depth, thought provoking, objective research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/10/2013 8:25 AM Buy
None
19.34
as of 12/13/2013
1 Week down  -0.11 %
1 Month down  -11.55 %
3 Months down  -14.13 %
1 YTD down  -8.58 %

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