Wunderlich makes a contrarian call on Fortinet (FTNT -19.6%), upgrading the company to Buy as...

|By:, SA News Editor

Wunderlich makes a contrarian call on Fortinet (FTNT -19.6%), upgrading the company to Buy as shares crumble following in-line Q3 results and soft Q4 guidance. Needham is also staying positive, touting Fortinet's growth potential and broad UTM product line, for which an OS upgrade and second-gen ASIC were announced yesterday. During Fortinet's earnings call, management noted Q3 Chinese billings were light, and that Americas billings saw higher seasonality.