Wedbush Recommends Fortinet (Nasdaq:FTNT) At Current Levels

For investors interested in investing in the network security segment, Wedbush recommends Fortinet (Nasdaq:FTNT) at its current levels, as well as their being a market leader.

Wedbush said "that the business remains resilient and that investors looking for exposure to the network security segment through a clear market leader should purchase shares near current levels."

They boosted their fourth quarter EPS estimate on Fortinet from 14 cents to 15 cents and its full year 2011 EPS estimate from 60 cents to 61 cents. That's above the Street estimates of 14 cents and full year 2011 EPS of 58 cents.

Wedbush maintains their "Outperform" rating on Fortinet, which closed Wednesday at $36.58, gaining $0.52, or 1.44 percent. Wedbush raised their price target on FTNT from $30 to $40.