Fortinet upgraded to Outperform from Market Perform at JMP Securities JMP Securities upgraded Fortinet based on expectations the company is well positioned for accelerate growth in 2014 given high profile security breaches and demand for enterprise security. Price target is $26.
News For FTNT From The Last 14 Days
Check below for free stories on FTNT the last two weeks.
Cyber security outlook remains positive, says Wells Fargo After conducting checks, Wells Fargo believes that demand for cyber security products remains strong, as increased spending trends seen in 1H14 are sustainable through 2H14 and into 2015. The firm thinks that Palo Alto (PANW) stands to benefit most from an upcoming improved network refresh cycle, while Fortinet (FTNT) seems to be gaining traction with enterprises. Wells keeps Outperform ratings on Fortinet PAl Alto and Fireeye (FEYE) and a Market Perform rating on Symantec (SYMC).