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Fortinet, Inc. – Consenus Indicates Potential 13.6% Upside

Fortinet, Inc. with ticker code (FTNT) have now 26 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 100 and 54 with the average target price sitting at 83.15. Now with the previous closing price of 73.21 this is indicating there is a potential upside of 13.6%. The 50 day moving average now sits at 71.51 and the 200 day MA is 75.76. The market capitalisation for the company is $12,483m. Find out more information at: http://www.fortinet.com

Fortinet, Inc. provides broad, automated, and integrated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of Things devices; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. In addition, it provides security subscription, technical support, professional, and training services. The company sells its security solutions to channel partners; and directly to end-customers, including small and medium-sized businesses, large enterprises, and government organizations in a range of industries consisting of telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California.