Today's Research Report Coverage on Application Software Stocks -- Fortinet, Imperva, LogMeIn, and Manhattan Associates

NEW YORK, August 7, 2017 /PRNewswire/ --

If you want a Stock Review on FTNT, IMPV, LOGM, or MANH then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com is currently reviewing the performances of Fortinet Inc. (NASDAQ: FTNT), Imperva Inc. (NASDAQ: IMPV), LogMeIn Inc. (NASDAQ: LOGM), and Manhattan Associates Inc. (NASDAQ: MANH). Application Software companies create, license, and sell software for a variety of uses, including personal and enterprise use. Many of them also sell complementary hardware. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:

http://dailystocktracker.com/register/

Fortinet 

Last Friday, Sunnyvale, California headquartered Fortinet Inc.'s stock climbed 1.21%, to close the day at $36.84. A total volume of 3.21 million shares was traded, which was above their three months average volume of 1.67 million shares. The Company's shares have advanced 22.31% on an YTD basis. The stock is trading 3.42% above its 200-day moving average. Additionally, shares of Fortinet, which provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide, have a Relative Strength Index (RSI) of 35.60.  

On July 27^th, 2017, research firm Dougherty & Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $46 a share to $48 a share.

On August 01st, 2017, Fortinet announced a major update to its leading FortiCloud Software-as-a-Service offering for SMBs and Managed Security Service Providers. FortiCloud version 3.2 offers enhanced management capabilities to provide anywhere-anytime control over the Security Fabric solutions used to defend the largest segment of global business. The free research report on FTNT is available at:

http://dailystocktracker.com/registration/?symbol=FTNT

Imperva 

Shares in Redwood Shores, California headquartered Imperva Inc. saw a slight decline of 0.34%, finishing Friday's session at $43.90. The stock recorded a trading volume of 548,485 shares, which was above its three months average volume of 419,050 shares. The Company's shares have gained 14.32% since the start of this year. The stock is trading above its 200-day moving average by 1.74%. Furthermore, shares of Imperva, which engages in the development, market, sale, and support of cyber security solutions that protect business critical data and applications in the cloud or on premises worldwide, have an RSI of 26.68.  

On July 11^th, 2017, Imperva announced that its Chief Product Strategist, Terry Ray, was named Chief Technology Officer (CTO). In his new role, Ray will develop and articulate the Company's technical vision and strategy. The Company also announced that its co-founder and former CTO, Amichai Shulman, was elevated to Chief Scientist to align with his research background.

On July 28^th, 2017, research firm Monness Crespi & Hardt reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $55 a share to $57 a share. The complimentary report on IMPV can be downloaded at:

http://dailystocktracker.com/registration/?symbol=IMPV

LogMeIn 

Boston, Massachusetts headquartered LogMeIn Inc.'s stock finished 0.57% lower at $112.70 last Friday at the close. A total volume of 382,056 shares was traded. The Company's shares have advanced 8.26% in the past month and 17.31% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.90% and 8.89%, respectively. Additionally, shares of LogMeIn, which provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers, have an RSI of 51.38.  

On July 28^th, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.

On July 31^st, 2017, LogMeIn announced that Rob Bradley, Vice President of Investor Relations, will be attending the KeyBanc Capital Markets 19^th Annual Global Technology Leadership Forum on August 08^th, 2017, at the Sonnenalp in Vail, CO. Additionally, Ed Herdiech, CFO, will give his remarks at the Oppenheimer 20^th Annual Technology, Internet & Communications Conference on August 09^th, 2017, at 1:05 p.m. ET, at the Four Seasons Hotel in Boston, MA. Visit us today and download our complete research report on LOGM for free at:

http://dailystocktracker.com/registration/?symbol=LOGM

Manhattan Associates 

Atlanta, Georgia headquartered Manhattan Associates Inc.'s shares ended the session 0.21% lower at $43.74. The stock recorded a trading volume of 358,861 shares. Shares of the Company are trading 5.97% below their 50-day moving average. Moreover, shares of Manhattan Associates, which develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations, have an RSI of 41.46.  

On July 20^th, 2017, Manhattan Associates reported its second-quarter 2017 performance. GAAP diluted earnings per share (EPS) for the quarter ended June 30^th, 2017 was $0.45 on license revenue of $22.4 million and total revenue of $154.1 million. Non-GAAP adjusted diluted EPS was $0.50; GAAP operating income was $49.3 million; and Non-GAAP adjusted operating income was $55.2 million. Get free access to your technical report on MANH at:

http://dailystocktracker.com/registration/?symbol=MANH

Daily Stock Tracker: 

Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

DST has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://dailystocktracker.com/disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA