Traders See Bullish Options Activity Fortinet Inc

 Traders See Bullish Options Activity Fortinet Inc

In today’s session Fortinet Inc (FTNT) registered an unusually high (2,256) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious FTNT increase. With 2,256 contracts traded and 31064 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: FTNT161216C00034000 closed last at: $0.6 or 50% up. About 3.96M shares traded hands or 30.69% up from the average. Fortinet Inc (NASDAQ:FTNT) has risen 6.21% since April 13, 2016 and is uptrending. It has outperformed by 2.28% the S&P500.

Fortinet Inc (NASDAQ:FTNT) Ratings Coverage

Out of 27 analysts covering Fortinet Inc. (NASDAQ:FTNT), 17 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 63% are positive. Fortinet Inc. has been the topic of 56 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by Deutsche Bank on Tuesday, January 26 to “Hold”. The stock of Fortinet Inc (NASDAQ:FTNT) has “Neutral” rating given on Wednesday, January 20 by Piper Jaffray. On Thursday, July 23 the stock rating was maintained by Wunderlich with “Buy”. The stock of Fortinet Inc (NASDAQ:FTNT) has “Overweight” rating given on Tuesday, August 30 by Pacific Crest. Dougherty & Company maintained the shares of FTNT in a report on Friday, October 23 with “Buy” rating. On Friday, January 29 the stock rating was maintained by Dougherty & Company with “Buy”. The firm has “Hold” rating given on Wednesday, April 27 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, October 12 report. As per Thursday, March 31, the company rating was upgraded by Cowen & Co. On Friday, January 29 the stock rating was maintained by Topeka Capital Markets with “Hold”.

According to Zacks Investment Research, “Fortinet, Inc., headquartered in Sunnyvale, California, is a provider of network security appliances and Unified Threat Management network security solutions to enterprises, service providers and government entities worldwide. Its solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking, antivirus, intrusion prevention, Web filtering, antispam and wide area network acceleration. Through its products and subscription services, the company provides integrated protection against dynamic security threats while simplifying the IT security infrastructure. Its solution incorporates the application-specific integrated circuits, hardware architecture, operating system, and set of associated security and networking functions to defend against multiple categories of IT security attacks without impacting network performance. Its flagship UTM solution consists of FortiGate appliance product line and FortiGuard security subscription services.”

Fortinet, Inc. provides cyber security solutions to enterprises, service providers and government organizations across the world. The company has a market cap of $5.59 billion. The Company’s flagship network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. It has a 1315.41 P/E ratio. The Company’s product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families.

FTNT Company Profile

Fortinet, Inc., incorporated on November 28, 2000, provides cyber security solutions to enterprises, service providers and government organizations across the world. The Company’s flagship network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company’s product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families.

More news for Fortinet Inc (NASDAQ:FTNT) were recently published by: Fool.com, which released: “Why Fortinet, Inc. Fell 13% in October” on November 11, 2016. Fool.com‘s article titled: “Should You Buy Fortinet Inc. On Its Double-Digit Drop?” and published on October 24, 2016 is yet another important article.

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