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FTNT

Fortinet

$34.09

-0.9 (-2.57%)

09:23
10/12/16
10/12
09:23
10/12/16
09:23

Fortinet downgraded to Equal Weight at Stephens

As previously reported, Stephens analyst Jonathan Ruykhaver downgraded Fortinet to Equal Weight from Overweight after the company announced "disappointing" preliminary Q3 results with an expected billings range of $343M-$348M versus consensus of $375M. The analyst believes that in addition to slower overall growth in the network security market, heightened competition is impacting sales growth. He also lowered his price target on the shares to $32 from $43.

  • 27

    Oct

  • 14

    Nov

  • 12

    Dec

FTNT Fortinet
$34.09

-0.9 (-2.57%)

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.
10/12/16
GSCO
10/12/16
DOWNGRADE
Target $36
GSCO
Buy
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.
10/12/16
UBSW
10/12/16
NO CHANGE
Target $40
UBSW
Buy
Fortinet positive fundamentals remain unchanged, says UBS
UBS analyst Brent Thill noted Fortinet pre-announced negative earnings and attributed the miss to sales execution challenges in the U.S. Thill said his positive fundamental view on Fortinet's core technology remains unchanged and sees the company's problems as fixable. Thill maintained his Buy rating and lowered his price target to $40 from $42 on Fortinet shares.
10/12/16
SPHN
10/12/16
DOWNGRADE
SPHN
Equal Weight
Fortinet downgraded to Equal Weight from Overweight at Stephens

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FSLR

First Solar

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FSLR

First Solar

$48.86

0.32 (0.66%)

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AA

Alcoa

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1.1 (2.38%)

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GM

General Motors

$38.99

0.29 (0.75%)

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ADP

ADP

$107.48

0.93 (0.87%)

12:21
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ADP

ADP

$107.48

0.93 (0.87%)

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CSIQ

Canadian Solar

$16.71

-0.09 (-0.54%)

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ADP

ADP

$107.48

0.93 (0.87%)

12:18
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$NSD

NASDAQ Market Internals

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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

, DLPH

Delphi

$100.97

0.07 (0.07%)

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BlackBerry

$9.14

-0.12 (-1.30%)

DLPH

Delphi

$100.97

0.07 (0.07%)

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  • 28

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$NYE

NYSE Market Internals

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ADP

ADP

$107.48

0.93 (0.87%)

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12:15
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ADP

ADP

$107.48

0.93 (0.87%)

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Ackman says ADP margin opportunity closer to 1,200 basis points »

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CMG

Chipotle

$309.39

5.98 (1.97%)

12:12
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Ackman says Chipotle management doing 'all the right things' »

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ADP

ADP

$107.48

0.93 (0.87%)

12:11
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ADP does not want shares held by Pershing supporters, Ackman says »

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GOOG

Alphabet

$921.81

6.81 (0.74%)

, GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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$921.81

6.81 (0.74%)

GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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  • 22

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HMNY

Helios and Matheson

$5.70

2.22 (63.79%)

12:10
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Helios and Matheson mentioned cautiously by TheStreetSweeper 

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ADP

ADP

$107.48

0.93 (0.87%)

, PAYX

Paychex

$58.07

-0.01 (-0.02%)

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ADP

ADP

$107.48

0.93 (0.87%)

PAYX

Paychex

$58.07

-0.01 (-0.02%)

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  • 30

    Oct

ADP

ADP

$107.48

0.93 (0.87%)

12:08
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ADP

ADP

$107.48

0.93 (0.87%)

12:06
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LUXTY

Luxottica

$57.52

0.06 (0.10%)

, ESLOY

Essilor

$63.35

-0.06 (-0.09%)

12:06
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12:06
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12:06
Downgrade
Luxottica, Essilor rating change  »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

ESLOY

Essilor

$63.35

-0.06 (-0.09%)

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PSEC

Prospect Capital

$6.72

0.07 (1.05%)

12:05
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Prospect Capital call volume above normal and directionally bullish »

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ADP

ADP

$107.48

0.93 (0.87%)

12:01
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Bill Ackman says ADP has 'massively underperformed potential' »

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