By: Benzinga
March 22, 2013 at 14:10 PM EDT
J.P. Morgan Reiterates Neutral Rating on Fortinet on Coyote Point Systems Purchase
In a report published Friday, J.P. Morgan analyst Sterling Auty reiterated a Neutral rating on Fortinet (NASDAQ: FTNT ). In the report, Auty noted, “This morning, Fortinet announced the purchase of Coyote Point Systems. Coyote Point Systems is a privately held application delivery controller (ADC) provider. We believe this acquisition
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