Thursday, April 28, 2011

Fortinet Inc ( NASDAQ:FTNT ) receives notable analysts' upgrades and stock move !

Fortinet Inc
Fortinet inc( NASDAQ: FTNT ) welcomed by analysts after strong quarterly earnings.

Equities research analysts at Needham Reiterate a “Buy” rating for shares of Fortinet, Inc. (FTNT) in a research note released to investors today.

Morgan Keegan has raised its price target on Fortinet Inc. (NASDAQ: FTNT) from $47 to $50 based on strong 1Q11 performance. Morgan Keegan maintains its Outperform rating on the stock.

Deutsche Bank is out with its report today on Fortinet (NASDAQ: FTNT), raising its price target from $40 to $44.

Fortinet Inc( NASDAQ:FTNT ) stock up 15 % close to $48 in the morning trade. The move is stronger  with higher volumes and it will be considered as break out as stock touched a new 52 week high.


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