Fortinet, Inc. (FTNT)

130.38
2.22 1.73
NASDAQ
Prev Close 128.16
Open 128.01
Day Low/High 127.62 / 130.41
52 Wk Low/High 70.20 / 151.95
Volume 951.15K
Exchange NASDAQ
Shares Outstanding 161.83B
Market Cap 20.74B
P/E Ratio 53.62
Div & Yield N.A. (N.A)

Fortinet Follow-up

Here is Deutsche Bank's take.  Below is a summary of Deutsche Bank's view on Fortinet (FTNT) miss. The firm is reiterating its Buy but lowering its price target from $32 to $30. I think that's way too optimistic, though I have added small to the nam...

Adding to Fortinet Long

Small buy. I am buying small Fortinet (FTNT) at $17.80. It is under my projected range, and it is approaching a price level where Cisco (CSCO) or some others might be interested at some point. After last night's report, however, I have little fundam...

More Signs of Slowing Growth

Billing trends are down, but central banks seem to have altered the laws of investment gravity. I continue to see more signs of slowing domestic economic growth. Recent billings trends are down in a number of technology companies such as Microsoft (...

Fortinet downgraded at Morgan Stanley

Early-Morning Market Look

Let's look at the overnight move in the markets. Global markets hold onto gains overnight: S&P futures up 1; European markets up; euro up; crude flat; gold flat; and 10-year yields 1.80%. Suffice to say, the market rally continues to surprise me. I ...

From the Street of Dreams

Here is what the analysts are up to this morning. The analysts are busy this morning: Morgan Stanley and Wells Fargo boot Fortinet (FTNT). Deutsche Bank removes Apple (AAPL) from its short-term buy list -- it has been on for six months -- but Apple ...

Fortinet downgraded at Wells

Fortinet estimates reduced at UBS

Fortinet downgraded at Needham

Breaking Earnings News

Bed Bath slips, and Fortinet sees dramatic selling. Break in! Bed Bath & Beyond (BBBY) meets estimates but lowers guidance. Shares are falling. Fortinet (FTNT) preannounces a miss on the top and bottom lines (sales of $135 million, compared with $14...

Qlik and Fortinet on the Street of Dreams

Both received positive attention from analysts this morning. On two previously mentioned new buys Qlik Technologies (QLIK) and Fortinet (FTNT): Morgan Stanley likes upgraded product portfolio and sales force at Qlik this morning (price target of $30...

Today's Portfolio Moves

So far. Today I shorted more SPDR S&P 500 ETF Trust (SPY) at $156.50, and I am buying April $157 SPY puts at $1.55. I also added small to a sizeable position in ProShares UltraShort 20+ Year Treasury (TBT) at $60.75, bought Apple (AAPL) at $423.88, ...

Levels

Currently, only five out of 82 stocks I have mentioned in my diary are eligible to buy vs. five out of 77 in late February. Jerry (Jerry Seinfeld): (To Kramer and Morty) What is this about? Kramer (Michael Richards): I'm completely changing the conf...

Portfolio Moves

So far. Thus far today, I added small to my Fortinet (FTNT) long and my iShares Russell 2000 Index Fund (IWM) and SPDR S&P 500 ETF Trust (SPY) shorts. Also, I am bidding for more Ford (F), General Motors (GM) and Qlik Technologies (QLIK).

Tech Specs Get Some Respect

Qlik and Fortinet receive some positive attention from the analysts on Wall Street. Late last week I mentioned two speculative tech stocks on which I have initiated buys: Qlik Technologies (QLIK) and Fortinet (FTNT). On Qlik, Pacific Crest Securitie...

Back in the Saddle

And stocks more or less where I left 'em. I am back from my lecture to see stocks more or less where I left 'em (though well off the day's lows). This weekend, I will go back to the drawing board and update my fair market value calculation for the S...

That Was the Week That Was

Let's review. I have started a new end-of-week column that borrows from the title of a popular 1960s BBC comedy show hosted by David Frost for my look back at the week's daily diary highlights. I hope this relatively new column helps put the market ...

Someone Is Calling On Fortinet

An option trader just purchased nearly 9,000 May 23/May 26 call spreads. Earlier today I mentioned Fortinet (FTNT) as a speculative long. Well, someone just purchased almost 9,000 May 23/May 26 call spreads.

The Long and Short of It

I am adding to both sides. I have just added to longs in Apple (AAPL) at $426, Northwest Bancshares (NWBI) at $12.30, Fortinet (FTNT) at $22.20, Qlik (QLIK) at $24.50. I have added to my shorts in Henry Schein (HSIC) at $91.48, Yahoo! (YHOO) at $23....

Buying Two Depressed Techs

Namely, Qlik and Fortinet. Based my initial analysis, I am taking a long position in two depressed technology stocks Qlik Technologies (QLIK) and Fortinet (FTNT) now. But I would stress I am early in that analysis!

Stocks to Consider Post-SOTU

Stocks to Consider Post-SOTU

Surveying Obama's speech, we see affected sectors could include construction, cyber security and retail.

Fortinet numbers raised at Oppenheimer

Two Earnings Results

Fusion-io and Fortinet are in. Fusion-io (FIO) reported earnings of $0.13 per share revenue of $120.6 million compared with expectations for $0.08 on $119.9 million, but guidance was poor (I have been out of this name for a while). Fortinet (FTNT) r...

Fortinet downgraded at Wunderlich

Fortinet downgraded at JMP

Fortinet It and Forget It

Fortinet It and Forget It

Breakout Stocks Portfolio Manager Bryan Ashenberg recommends taking a long term view on security pure-play Fortinet.

Fortinet upgraded at Oppenheimer

WEBINAR: Replay

Cyber security and tackling complex issues.

Delving Into Sourcefire and Fusion-io

Here is a detailed analysis of my long strategy on these two tech names. Weak order guidance at Fortinet (FTNT), Mellanox Technologies (MLNX) and Check Point Software Technologies (CHKP); EPS whiffs at Microsoft (MSFT), Google (GOOG), IBM (IBM) and ...