Aug 7, 2017   SOURCE: PR NewsWire

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 27th, 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 11th, 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 28th, 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 28th, 2017, research firm KeyBanc Capital Markets upgraded the Company's stock rating from 'Sector Weight' to 'Overweight'.

On July 31st, 2017, LogMeIn announced that Rob Bradley, Vice President of Investor Relations, will be attending the KeyBanc Capital Markets 19th Annual Global Technology Leadership Forum on August 08th, 2017, at the Sonnenalp in Vail, CO. Additionally, Ed Herdiech, CFO, will give his remarks at the Oppenheimer 20th Annual Technology, Internet & Communications Conference on August 09th, 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 20th, 2017, Manhattan Associates reported its second-quarter 2017 performance. GAAP diluted earnings per share (EPS) for the quarter ended June 30th, 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

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