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Fortinet (FTNT) IPO priced at $12.50. Comparative valuations updated to IPO price & Tues close

|Includes:CKP, CSCO, Fortinet, Inc. (FTNT), JNPR, MFE, SYMC

FTNT is the market leader in Unified Threat Management security market segment.  The closest publicly held comparable is Sonic Wall (SNWL)

At the IPO price of $12.50 FTNT’s P/E is a little under SNWL while it’s Enterprise Value/Earnings ratio is a little over SNWL’s. 

FTNT is priced at a premium regarding book value multiples.  See ‘financials’ at the bottom of the IPO report.

Includes ENTERPRISE VALUE metrics compared to SNWL

See ‘financials’ at the bottom of the IPO Report
http://bit.ly/cmNot


Stocks: FTNT, CSCO, JNPR, MFE, SYMC, CKP