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Stock Market & Financial Investment News

News Breaks
July 24, 2014
07:22 EDTFTNTFortinet price target raised to $29 from $26 at Pacific Crest
Pacific Crest raised its price target on Fortinet as the firm thinks the company reported impressive Q2 results. The firm believes that the company is gaining market share and seeing strong momentum. It keeps an Outperform rating on the shares.
News For FTNT From The Last 14 Days
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October 22, 2014
06:44 EDTFTNTU.S. weighing cybersecurity requirements for bank vendors, NY Times says
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October 13, 2014
09:23 EDTFTNTHP could buy lower valuation company, says Bernstein
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October 9, 2014
06:40 EDTFTNTSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
October 8, 2014
08:01 EDTFTNTFortinet should be bought ahead of earnings, says Pacific Crest
Pacific Crest believes that Fortinet's core momentum remains strong as it continues to gain share in enterprise deals. The firm thinks the company could beat expectations. It keeps an Outperform rating on the shares.

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