user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 436154 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Analyst Rating Flashback: Fortinet Up 8.7% Since Downgraded 7 Days Ago (FTNT)

Published on Tue, 02/05/2013 - 10:10
By Peter Chu

Fortinet was downgraded from Buy to Hold by Wunderlich one week ago. Fortinet shares are selling at $22.89, 8.7% above the $21.05 price point of one week ago.

In the past 52 weeks, Fortinet share prices have been bracketed by a low of $17.53 and a high of $28.82 and are now at $22.69, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.3%.

There is potential upside of 20.8% for shares of Fortinet based on a current price of $22.69 and an average consensus analyst price target of $27.40. The stock should find initial support at its 200-day moving average (MA) of $22.60 and further support at its 50-day MA of $20.22.

Fortinet Inc. provides network security solutions. The Company offers network security appliances and related software, and subscription services. Fortinet systems integrate the industry's broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (IPS), Web filtering, antispam, and traffic shaping.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Advance Auto Parts Earnings In Retrospec...

Two weeks ago on August 14th, 2014 Advance Auto Parts (NYSE:AAP) reported earnings and ...

Earnings Flashback: Since Reporting Quar...

When Flowers Foods (NYSE:FLO) reported earnings 18 days ago on August 12th, 2014, analy ...

American Eagle Outfitters Earnings Hinds...

When American Eagle Outfitters (NYSE:AEO) reported earnings 10 days ago on August 20th, ...

Post Earnings Update: K12 Has Sunk 3.0% ...

When K12 (NYSE:LRN) reported earnings 16 days ago on August 14th, 2014, analysts, on av ...

AnnTaylor Stores Earnings Hindsight: Up ...

When AnnTaylor Stores (NYSE:ANN) reported earnings 8 days ago on August 22nd, 2014, ana ...

Resolute Energy Earnings Review: 19 Days...

Two weeks ago on August 11th, 2014 Resolute Energy (NYSE:REN) reported earnings and ana ...

salesforce.com Earnings Review: 9 Days a...

When salesforce.com (NYSE:CRM) reported earnings a week ago on August 21st, 2014, analy ...

Post Earnings Update: JM Smucker Has Cli...

When JM Smucker (NYSE:SJM) reported earnings 10 days ago on August 20th, 2014, analysts ...