Barclays Initiates Fortinet With Overweight

Analysts at Barclays initiated coverage on Fortinet Inc FTNT with a Overweight rating. The target price for Fortinet is set to $50. Fortinet shares have gained 69.71 percent over the past 52 weeks, while the S&P 500 index has surged 7.21 percent in the same period. Fortinet shares rose 0.64 percent to $42.24 in pre-market trading.