Fortinet Jumping After Possible Bid (FTNT)

Fortinet, Inc. FTNT is skyrocketing in pre-market trading, gaining nearly 30% after reports that IBM IBM has approached the company about a takeover. Fortinet had been previously mentioned by Jim Cramer as a potential takeover target. At last check, shares of FTNT were up $8.00 to $38 in pre-market. Fortinet, Inc. provides network security appliances and unified threat management network security solutions to enterprises, service providers, and government entities around the world.