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

Rating:
Buy FTNT
up 6.97 %

Fortinet, Inc. (FTNT) upgraded to Buy with price target $48 by Needham

Posted on: Tuesday,  May 26, 2015  8:25 AM ET by Needham

Needham rated Buy Fortinet, Inc. (NASDAQ: FTNT) on 05/26/2015, when the stock price was $39.88. Since
then, Fortinet, Inc. has gained 6.97% as of 01/26/2016's recent price of $42.66.
If you would have followed this Needham's recommendation on FTNT, you would have gained 6.97% of your investment in 245 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.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/26/2015 8:25 AM Buy
None
39.88 48.00
as of 8/27/2015
1 Week down  -9.04 %
1 Month down  -1.27 %
3 Months up  9.80 %
1 YTD up  6.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/11/2013 8:25 AM Hold
None
17.70
1/31/2013 3:25 PM Buy
None
23.58 29.00
10/17/2012 8:25 AM Buy
None
20.55 24.00
4/25/2012 8:25 AM Buy
None
27.15 34.00
2/1/2012 8:25 AM Buy
None
24.83 30.00
7/20/2011 8:25 AM Buy
None
21.73 26.00
4/28/2011 8:25 AM Buy
None
22.43 26.50

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