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

Rating:
Outperform
FTNT
up 369.04 %

Fortinet Inc (FTNT) rated Outperform with price target $21 by Wedbush Morgan

Posted on: Tuesday,  Dec 29, 2009  2:25 PM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Fortinet, Inc. (NASDAQ: FTNT) on 12/29/2009, when the stock price was $9.10. Since
then, Fortinet, Inc. has gained 369.05% as of 01/26/2016's recent price of $42.66.
If you would have followed this Wedbush Morgan's recommendation on FTNT, you would have gained 369.04% of your investment in 2219 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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/29/2009 2:25 PM Buy
None
9.10 10.50
as of 12/31/2009
1 Week up  99.71 %
1 Month   
3 Months   
1 YTD up  99.71 %

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