UPDATE: Goldman Sachs Starts Fortinet (FTNT) at Buy

(Updated - November 12, 2019 4:47 AM EST)

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Goldman Sachs analyst Brian Essex initiates coverage on Fortinet (NASDAQ: FTNT) with a Buy rating and a price target of $113.00.

The analyst comments "We view Fortinet as well positioned to gain from this trend through its secure SD-WAN infrastructure, with track record of a combination of high performance and low total cost of ownership. In addition to better than expected SD-WAN traction, we expect the company’s platform architecture, Security Fabric, to help contribute to the next leg of growth for Fortinet, as enterprises are focusing on having a common management platform for all solutions."

For an analyst ratings summary and ratings history on Fortinet click here. For more ratings news on Fortinet click here.

Shares of Fortinet closed at $96.23 yesterday.

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