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Fortinet, Inc. (FTNT) [hlAlert]

Rating:
Hold FTNT
up 21.11 %

Fortinet, Inc. (FTNT) downgraded to Hold by Stifel

Posted on: Thursday,  Aug 28, 2014  8:25 AM ET by Stifel

Stifel rated Hold Fortinet, Inc. (NASDAQ: FTNT) on 08/28/2014. Previously Stifel rated Buy Fortinet, Inc. (NASDAQ: FTNT) on 10/24/2013., when
the stock price was $20.84. Since then, Fortinet, Inc. has gained 21.11% as of 08/28/2014's recent price of $25.24.
If you would have followed the previous Stifel's recommendation on FTNT, you would have gained 21.11% of your investment in 308 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.

Stifel
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/28/2014 8:25 AM Hold
None
25.24
as of 10/17/2014
1 Week   
1 Month   
3 Months up  6.54 %
1 YTD up  31.93 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/24/2013 9:25 AM Buy
None
20.84 27.00
4/11/2013 9:25 AM Buy
None
17.70 23.00

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