Fortinet (FTNT, Financial) is Gabelli Funds' best idea in technology in 2017. The company provides network security protection of data, applications and networks from threats and is the No. 1 leader in unified threat management.
Hendi Susanto, a technology research analyst with Gabelli & Company, believes the company has growing sales and market share, attractive valuation and is an attractive acquisition candidate.
He expects continued EPS growth and placed a price target of $58 on the stock. He explains more in the video below:
