ORAN, FTNT, SWIR, CTRL – 4 Tech Stocks Moving on Analyst Upgrades, Downgrades
by Christopher Freeburn | January 28, 2014 11:03 am
[1]Analysts have changed their ratings for Orange (ORAN[2]), Fortinet (FTNT[3]), Sierra Wireless (SWIR[4]) and Control4 Corp. (CTRL[5]), sending ORAN, FTNT, SWIR, CTRL shares moving in divergent directions.
Kepler Capital has lowered its rating[6] for ORAN stock to “Reduce,” Seeking Alpha notes. The move sent ORAN stock down fractionally in Tuesday morning trading.
Sierra Wireless shares were downgraded to “Hold” by Salman Partners. SWIR stock sank modestly on the news.
Meanwhile, JMP raised its rating for Fortinet stock to “Outperform,” following similar rating hikes by Morgan Stanley (MS[7]) and Wedbush earlier this month. SWIR stock climbed more than 1% in Tuesday morning trading.
Shares of Control4 were promoted to a rating of “Outperform” by Imperial Capital. CTRL stock gained almost 3% on the news.
Over the past six months, shares of ORAN, FTNT, SWIR, CTRL stock have posted gains ranging between 5% and 60%.
- [Image]: https://investorplace.com/wp-content/uploads/2011/08/Day-Trading-185.jpg
- ORAN: http://studio-5.financialcontent.com/investplace/quote?Symbol=ORAN
- FTNT: http://studio-5.financialcontent.com/investplace/quote?Symbol=FTNT
- SWIR: http://studio-5.financialcontent.com/investplace/quote?Symbol=SWIR
- CTRL: http://studio-5.financialcontent.com/investplace/quote?Symbol=CTRL
- has lowered its rating: http://seekingalpha.com/news/1530131-tech-ratings-changes-orange-fortinet-sierra-wireless-control4
- MS: http://studio-5.financialcontent.com/investplace/quote?Symbol=MS
Source URL: https://investorplace.com/2014/01/oran-ftnt-swir-ctrl-4-tech-stocks-moving-analyst-upgrades-downgrades/