Fortinet Continues Higher, Up 4%

Fortinet, Inc.

shares are up strongly in a very weak tape, gaining more than 4% on heavy volume. There have been rumors that Fortinet was a potential takeout target by a company like Oracle

or another company that is similar. At last check, shares of Fortinet were up $1.05 to $26.17, a gain of 4.18% on 1.6 million shares. Fortinet, Inc., together with its subsidiaries, provides network security appliances and unified threat management (UTM) network security solutions to enterprises, service providers, and government entities worldwide.