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FTNT

Fortinet

$34.09

-0.9 (-2.57%)

07:28
10/12/16
10/12
07:28
10/12/16
07:28

Fortinet downgraded to Buy from Conviction Buy at Goldman

Goldman analyst Gabriela Borges removed Fortinet from the Conviction Buy List and lowered its price target to $36 from $43 following the negative Q3 preannouncement. The analyst maintains his Buy rating as he continues to believe Fortinet is wll positioned to gain share and outgrow peers,and sees the potential for a capital allocation, restructuring, or M&A event, and views valuation as compelling.

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FTNT Fortinet
$34.09

-0.9 (-2.57%)

10/12/16
PIPR
10/12/16
NO CHANGE
Target $30
PIPR
Neutral
Piper sees Fortinet issues as company specific
Piper Jaffray analyst Andrew Nowinski believes the issues that drove Fortinet's (FTNT) negative Q3 preannouncement are company specific. He lowered his price target for the shares to $30 from $33 and keeps a Neutral rating on the name. Nowinski points out that his firm's channel checks suggest demand has remained strong for both Palo Alto Networks (PANW) and Check Point (CHKP). The analyst recommends adding to positions in both names following any pressure from the Fortinet miss.
10/12/16
JPMS
10/12/16
NO CHANGE
Target $46
JPMS
Overweight
Fortinet price target lowered to $46 from $54 at JPMorgan
JPMorgan analyst Sterling Auty lowered his price target for Fortinet to $46 following the company's negative Q3 preannouncement but keeps an Overweight rating on the name. Issues in execution, primarily in North America, impacted sales, Auty tells investors in a research note. The analyst, however, says he is standing behind his "cash flow growth thesis."
10/12/16
OPCO
10/12/16
NO CHANGE
Target $40
OPCO
Outperform
Fortinet price target lowered to $40 from $45 at Oppenheimer
Oppenheimer analyst Shaul Eyal lowered his price target for Fortinet to $40 from $45 after the company pre-announced disappointing Q3 results impacted by macroeconomic issues in Latin America and the U.K., and execution challenges relating primarily to the ongoing sales force realignment in North America. However, the analyst believes Fortinet's challenges are reversible and reiterates an Outperform rating on the shares.
10/12/16
LEHM
10/12/16
NO CHANGE
Target $34
LEHM
Overweight
Fortinet price target lowered to $34 from $42 at Barclays
Barclays analyst Saket Kalia said Fortinet pre announced a negative Q3 due to macro weakness and sales execution in enterprise that drove a billings shortfall. The analyst said wants to hear more about competition on the earnings call and wonders how much came from subscription billings versus product. Kalia lowered Fortinet's price target to $32 from $42 and has an Overweight rating on shares.

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AVXS

AveXis

$78.74

-0.44 (-0.56%)

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TRN

Trinity Industries

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Trinity Industries sees 2017 EPS $1.00-$1.25 vs. prior outlook $1.00-$1.35 

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CHFC

Chemical Financial

$50.36

-0.35 (-0.69%)

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WK

Workiva

$16.80

-0.05 (-0.30%)

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UVE

Universal Insurance

$23.35

0.45 (1.97%)

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Universal Insurance reports Q1 EPS 86c, consensus 80c »

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CCI

Crown Castle

$94.27

-0.44 (-0.46%)

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Crown Castle 4.75M share Spot Secondary; price range $93.57-$94.27 »

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TRN

Trinity Industries

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SPN

Superior Energy

$13.47

0.47 (3.62%)

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Superior Energy reports Q1 EPS (59c), consensus (61c) »

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ZIXI

ZixCorp

$5.21

-0.14 (-2.62%)

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EW

Edwards Lifesciences

$98.92

0.96 (0.98%)

16:23
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Edwards Lifesciences spikes higher after results »

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CVA

Covanta

$15.10

0.2 (1.34%)

16:23
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Covanta sees FY17 adjusted EBITDA $400M-$440M »

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DECK

Deckers Brands

$58.74

0.4 (0.69%)

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JBT

John Bean Technologies

$92.35

1.3 (1.43%)

16:22
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Earnings
John Bean Technologies sees Q2 cont ops EPS 50c, consensus 77c »

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CVA

Covanta

$15.10

0.2 (1.34%)

16:22
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Earnings
Covanta reports Q1 adjusted EPS (37c), consensus (20c) »

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ZIXI

ZixCorp

$5.21

-0.14 (-2.62%)

16:22
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ZixCorp sees Q2 EPS 6c, consensus 7c »

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DZSI

DASAN Zhone

$5.97

-0.01 (-0.17%)

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MC

Moelis

$38.75

-0.15 (-0.39%)

16:21
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Moelis reports Q1 adjusted EPS 54c, consensus 41c »

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TSS

TSYS

$54.31

0.5 (0.93%)

16:21
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Earnings
TSYS raises 2017 adjusted EPS outlook to $3.16-$3.26, consensus $3.13 »

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ZIXI

ZixCorp

$5.21

-0.14 (-2.62%)

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ZixCorp reports Q1 EPS 7c, consensus 6c »

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JBT

John Bean Technologies

$92.35

1.3 (1.43%)

16:21
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Earnings
John Bean Technologies sees FY17 cont ops EPS $2.95 - $3.10, consensus $3.05 »

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VIX

Volatility Index S&P 500 Options

$10.79

-0.05 (-0.46%)

16:21
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Options
Closing CBOE SPX and VIX Index summary for April 25th »

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ILMN

Illumina

$181.50

1.3 (0.72%)

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  • 25

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UGI

UGI Corporation

$49.66

0.08 (0.16%)

16:20
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UGI Corporation raises quarterly dividend 5.3% to 25c per share »

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X

U.S. Steel

$31.11

-0.09 (-0.29%)

16:20
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Earnings
U.S. Steel sees FY17 EPS of $1.50, consensus $2.90 »

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  • 26

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TSS

TSYS

$54.31

0.5 (0.93%)

16:20
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Earnings
TSYS reports Q1 adjusted EPS 82c, consensus 77c »

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