Wedbush Maintains Outperform Rating On Fortinet

According to Wedbush, Fortinet FTNT Outperform rating is maintained. Wedbush said that it is maintaining its OUTPERFORM rating and raising the price target to $27 from $25 (split-adjusted) to reflect our expectation of continued share gains in the network security market. “We think the company's strategy to penetrate large enterprises and service providers continues to gain traction as evidenced by increasing deal sizes and share gains over rivals such as Cisco, Blue Coat and Juniper.” Fortinet closed yesterday at $23.70.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorAnalyst RatingsfortinetWedbush
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!