The best place to stop cyber attacks is before they gain access to your network. Fortinet is a leading provider of firewall services worldwide to prevent access to internal network by malicious hackers.
NEW BULLISH Plays
FTNT - Fortinet Inc - Company Profile
Fortinet provides cyber security solutions for enterprises, service providers and government organizations worldwide. They offer FortiGate physical and virtual appliance 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 accelerations.
Essentially they provide an enterprise level roadblock or firewall between the Internet and the organizations internal network and servers. If you can block the attacks at the primary entry into the network then the attackers cannot run rampant inside the network.
A couple weeks ago Fortinet signed a cyber security partnership agreement with NATO. We all realize NATO is facing cyber attacks all across Europe and the organization is a major target. Fortinet will help improve the cyber defense for the entire network. Implementing the Fortinet devices will raise awareness of the cyber threats to the network and allow early detection and elimination.
Fortinet has more than 210,000 enterprise customers worldwide including some of the largest and most complex organizations, corporations and governmental agencies.
This will be a short-term play because earnings are April 18th.
Shares are trying to break over resistance at $30 with the high at $30.36 today before the market rolled over.
With a FTNT trade at $30.50
Buy FTNT shares, currently $29.60, initial stop loss $28.50.
Buy May $31 call, currently $1.70. Initial stop loss $28.50.
NEW BEARISH Plays
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