Seeking Alpha

Nomura's Rick Sherlund is upgrading Fortinet (FTNT -0.8%) to Buy ahead of this afternoon's Q1...

Nomura's Rick Sherlund is upgrading Fortinet (FTNT -0.8%) to Buy ahead of this afternoon's Q1 report, claiming "reseller checks show upside to current expectations," and Fortinet's sales initiatives are translating into channel share gains. He also notes Fortinet is the leader in the fast-growing Unified Threat Management hardware space. Rival Check Point (CHKP) fell yesterday after providing soft guidance.
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