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The computer software & services industry closed the day up 1.3%. Wizzard Software Corporation ( WZE), Recon Technology ( RCON), Bridgeline Digital Inc ( BLIN), and Netsol Technologies Inc ( NTWK) were all decliners today within the computer software & services industry with Fortinet Inc ( FTNT) being today's featured computer software & services loser. Fortinet Inc fell 6 cents (-0.3%) to $18.16 on light volume. Throughout the day, 240,165 shares of Fortinet Inc exchanged hands as compared to its average daily volume of 2.4 million shares. Fortinet, Inc., together with its subsidiaries, provides network security appliances and unified threat management (UTM) network security solutions to enterprises, service providers, and government entities worldwide. Fortinet Inc has a market cap of $2.8 billion and is part of the technology sector. The company has a P/E ratio of 50, below the average computer software & services industry P/E ratio of 50.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 12.6% year to date as of the close of trading on Thursday. TheStreet Ratings rates Fortinet as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.
