Fortinet Inc. (FTNT): Today's Featured Computer Software & Services Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Fortinet ( FTNT) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.6%. By the end of trading, Fortinet rose $0.29 (1.3%) to $21.98 on heavy volume. Throughout the day, 3,181,149 shares of Fortinet exchanged hands as compared to its average daily volume of 1,915,500 shares. The stock ranged in a price between $21.41-$22.18 after having opened the day at $21.53 as compared to the previous trading day's close of $21.69. Other companies within the Computer Software & Services industry that increased today were: EFuture Information Technology ( EFUT), up 12.5%, China Mobile Games and Entertainment Group ( CMGE), up 11.9%, Shanda Games ( GAME), up 11.8% and BOS Better Online Solutions ( BOSC), up 11.0%.

Fortinet, Inc. provides network security solutions worldwide. Fortinet has a market cap of $3.3 billion and is part of the technology sector. Shares are down 3.0% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Fortinet a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Fortinet as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

On the negative front, Gigamon ( GIMO), down 7.2%, TigerLogic Corporation ( TIGR), down 6.3%, Liquid Holdings Group ( LIQD), down 6.2% and China Information Technology ( CNIT), down 5.6% , were all laggards within the computer software & services industry with Microsoft Corporation ( MSFT) being today's computer software & services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices