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FTNT - Fortinet Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Oct 12, 2016.

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  1. StockJock-e

    StockJock-e Brew Master
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    Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiManager product family to provide a central management solution for FortiGate products comprising software updates, configuration, policy settings, and security updates; and the FortiAnalyzer product family, which provides a single point of network log data collection. It also offers FortiAP secure wireless access points; FortiWeb, a Web application firewall; FortiMail email security; FortiDB database security appliances; FortiClient, an endpoint security software; and FortiSwitch secure switch connectivity products. In addition, the company provides FortiSandbox advanced threat protection solutions; and FortiDDos and FortiDB database security appliances. Further, it offers security subscription, technical support, training, and professional services. The company was founded in 2000 and is headquartered in Sunnyvale, California.

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  2. StockJock-e

    StockJock-e Brew Master
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    Fortinet — The cybersecurity firm's stock plunged more than 15 percent in the premarket trading after reporting poor preliminary third-quarter results. Fortinet said it sees adjusted quarterly profits between 15 cents and 16 cents per share, below a Reuters consensus estimate of 18 cents a share. The company also slashed its billings guidance for the quarter to a range of $343 million to $348 million from $372 million to $376 million. - CNBC
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Morgan Stanley
    Change: Upgrade
    Previous Rating: Equal Weight
    Current Rating: Overweight
    Previous Price Target: N/A
    Current Price Target: N/A
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    One of the most solid cybersecurity stocks it seems (along with CHKP). See if it keeps this trendline, although the general market seems to be shaky.
    [​IMG]
    The 50 ma support is also coming up nearby.
     
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Just above the 200-day, and this $36 level has held 4 times before, and RSI is already down to 30. Good tight stop here.

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    T0rm3nted likes this.
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Went down to the $36 level one more time in September 2017, and has been rising since. Cybersecurity could possibly be the new market leader; we're looking for one.
     
    TomB16 likes this.
  7. TomB16

    TomB16 Active Member

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    I know nothing about this company or the stock but ForiNet has some excellent product and I expect them to grow tremendously over the next several years.
     

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