• 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 = 522030 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1418890619 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1418890619 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Stock Investors Sell Off Shares of Fortinet, Down 4.2%

Published on Mon, 06/24/2013 - 11:13
By Robert Cotter

Down 4.2% to $16.62, Fortinet (NASDAQ:FTNT), is one of today's notable movers. The Dow is down 1.2% to 14,622 and the S&P is currently down 1.4% to 1,570.

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.

There is potential upside of 34.1% for shares of Fortinet based on a current price of $16.62 and an average consensus analyst price target of $22.29. The stock should find initial resistance at its 50-day moving average (MA) of $18.22 and further resistance at its 200-day MA of $21.17.

In the past 52 weeks, Fortinet share prices have been bracketed by a current low of $16.61 and a high of $28.23 and are now at $16.62. The 200-day and 50-day moving averages have moved 1.01% lower and 1.93% lower over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Shares of ViewPoint Financial Fall to a ...

ViewPoint Financial (NASDAQ:VPFG) traded today at a new 52-week low of $21.11. This ne ...

Shares of UQM Technologies Have Fallen B...

Shares of UQM Technologies (AMEX:UQM) traded at a new 52-week low today of $0.86. Appr ...

Shares of Terex Have Fallen Below Previo...

Shares of Terex (NYSE:TEX) traded at a new 52-week low today of $25.40. So far today a ...

Sun Communities: The Winning Streak Cont...

Shares of Sun Communities (NYSE:SUI) traded at a new 52-week high today of $60.92. So ...

Watch for Continued Losses in Shares of ...

Renesola (NYSE:SOL) traded today at a new 52-week low of $1.21. Approximately 1.1 mill ...

Solera Holdings Looks to Continue to Tra...

Solera Holdings (NYSE:SLH) traded today at a new 52-week low of $45.69. Approximately ...

SAIFUN SEMICONDUCTOR Looks to Continue t...

SAIFUN SEMICONDUCTOR (NASDAQ:SFUN) traded today at a new 52-week low of $6.78. So far ...

Shares of Select Comfort Rise Above Prev...

Shares of Select Comfort (NASDAQ:SCSS) traded at a new 52-week high today of $27.13. T ...