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Fortinet, Inc. (FTNT) [hlAlert]

Rating:
Buy FTNT
up 96.31 %

Fortinet, Inc. (FTNT) upgraded to Buy with price target $29 by Stifel Nicolaus

Posted on: Wednesday,  Jul 20, 2011  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Buy Fortinet, Inc. (NASDAQ: FTNT) on 07/20/2011, when the stock price was $21.73. Since
then, Fortinet, Inc. has gained 96.32% as of 01/26/2016's recent price of $42.66.
If you would have followed this Stifel Nicolaus's recommendation on FTNT, you would have gained 96.31% of your investment in 1651 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 Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/20/2011 8:25 AM Buy
None
21.73 29.00
as of 12/30/2011
1 Week up  4.70 %
1 Month down  -9.08 %
3 Months up  29.82 %
1 YTD up  0.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2010 8:25 AM Hold
None
12.78

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