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Fortinet reinstated with a Buy at Erste Group

Fortinet reinstated with a Buy at Erste Group

Erste Group reinstated coverage of Fortinet (FTNT) with a Buy rating. The company achieves a return on equity of 56%, which is above average for the sector, the analyst tells investors in a research note. The firm says that as network security is a central aspect of modern IT infrastructures, it expects Fortinet’s profitable growth to continue in the long term.

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