Cramer Says Fortinet Makes Sense In A Deal (FTNT)

Fortinet, Inc. FTNT is higher today by more than 4%, in part due to the company possibly being acquired. In an article on Real Money, Jim Cramer said network security appliance maker could be acquired somewhere in the $35 per share range. The majority of the tech deals recently have been in the $1-$2 billion range, and FTNT's market cap is $1.7 billion, so this certainly makes sense from a valuation standpoint. Shares are currently higher by $1.06 to $23.86, a gain of more than 4%. Fortinet, Inc. provides network security appliances & unified threat management (UTM) network security solutions to a variety of enterprises, service providers, and government entities around the world. Don't miss these trading ideas!