KNOT Offshore Partners LP (KNOP) Forms $21.55 Double Top, 22 Analysts Bullish Fortinet (FTNT)

June 9, 2017 - By wolcottdaily

KNOT Offshore Partners LP (KNOP) formed double top with $22.84 target or 6.00% above today’s $21.55 share price. KNOT Offshore Partners LP (KNOP) has $828.92 million valuation. The stock decreased 0.46% or $0.1 on June 8, reaching $21.55. About shares traded. KNOT Offshore Partners LP (NYSE:KNOP) has risen 22.68% since June 9, 2016 and is uptrending. It has outperformed by 5.98% the S&P500.

Among 30 analysts covering Fortinet Inc. (NASDAQ:FTNT), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Fortinet Inc. had 65 analyst reports since July 23, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, October 28 report. The company was maintained on Wednesday, October 12 by Barclays Capital. On Monday, May 29 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Outperform” rating by Oppenheimer given on Thursday, July 23. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, January 27 report. The rating was maintained by Dougherty & Company with “Buy” on Friday, October 23. As per Wednesday, October 12, the company rating was maintained by Nomura. RBC Capital Markets maintained the shares of FTNT in report on Friday, October 23 with “Sector Perform” rating. The firm earned “Sector Perform” rating on Thursday, July 23 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, October 12 by Oppenheimer. See Fortinet Inc (NASDAQ:FTNT) latest ratings:

07/06/2017 Broker: Susquehanna Rating: Neutral New Target: $45 Initiates Coverage On
01/06/2017 Broker: BMO Capital Markets Rating: Buy New Target: $46.0000 Maintain
29/05/2017 Broker: RBC Capital Markets Rating: Hold New Target: $41.0000 Maintain
29/03/2017 Broker: Robert W. Baird Old Rating: Neutral New Rating: Outperform Old Target: $38.00 New Target: $50.00 Upgrade
03/02/2017 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
03/02/2017 Broker: Piper Jaffray Old Rating: Neutral New Rating: Overweight Upgrade
03/02/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $30 New Target: $35 Maintain
05/01/2017 Broker: BMO Capital Markets Rating: Market Perform New Target: $35 Initiate

Fortinet, Inc. is a network security company. The company has market cap of $6.97 billion. The Firm provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. It has a 172.27 P/E ratio. The Company’s network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats.

The stock increased 0.82% or $0.32 during the last trading session, reaching $39.52. About shares traded. Fortinet Inc (NASDAQ:FTNT) has risen 20.17% since June 9, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

Among 6 analysts covering KNOT Offshore Partners (NYSE:KNOP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. KNOT Offshore Partners had 11 analyst reports since August 14, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 14 report. Wells Fargo initiated KNOT Offshore Partners LP (NYSE:KNOP) on Tuesday, August 25 with “Market Perform” rating. The firm earned “Neutral” rating on Monday, July 11 by Citigroup. The firm earned “Neutral” rating on Wednesday, October 14 by Clarkson Platou Securities. The stock has “Outperform” rating by RBC Capital Markets on Monday, February 22. The firm earned “Equal Weight” rating on Monday, January 11 by Barclays Capital. The rating was maintained by RBC Capital Markets on Friday, August 14 with “Outperform”. Citigroup downgraded KNOT Offshore Partners LP (NYSE:KNOP) on Tuesday, January 12 to “Neutral” rating. Barclays Capital maintained KNOT Offshore Partners LP (NYSE:KNOP) on Wednesday, August 17 with “Equal-Weight” rating.