More on UBS' upgrade of Fortinet (FTNT +2.4%): Analyst Brent Thill, who is keeping his PT at...

|By:, SA News Editor

More on UBS' upgrade of Fortinet (FTNT +2.4%): Analyst Brent Thill, who is keeping his PT at $28, thinks Fortinet looks compelling thanks to its recent selloff. While worried about its exposure to Europe (35% of sales), Thill argues Fortinet trades at a discount to rivals Check Point and SourceFire a forward enterprise value/sales basis, and points out security names tends to outperform in a weak macro/IT spending environment.