Market Overview

UPDATE: JMP Upgrades Fortinet on Increased Security Breaches

Share:
Related FTNT
What's Fueling Cybersecurity Stocks?
Will Fortinet's Earnings Show What Other Cybersecurity Stocks Will Look Like?

Tuesday's JMP securities morning note highlighted an upgrade from analyst Erik Suppinger, boosting Fortinet (NASDAQ: FTNT) from Market Perform to Market Outperform, initiating a price target of $26.

The report notes, "We believe the managed security service provider market is healthy and that the company is well positioned to accelerate share gains against competitors, such as Juniper. We also believe that the rash of security breaches in recent months is accelerating demand for enterprise security, particularly in the distributed enterprise, where Fortinet is particularly well positioned."

FTNT is currently at $21.84, trading up from its previous close of $21.55.

Latest Ratings for FTNT

DateFirmActionFromTo
Apr 2015CitigroupMaintainsBuy
Apr 2015MacquarieMaintainsNeutral
Apr 2015JMP SecuritiesMaintainsMarket Outperform

View More Analyst Ratings for FTNT
View the Latest Analyst Ratings

Posted-In: News Upgrades Price Target Markets Analyst Ratings

 

Related Articles (FTNT)

Around the Web, We're Loving...