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Fly News Breaks for April 11, 2018
PANW, CSCO, FTNT
Apr 11, 2018 | 07:48 EDT
As previously reported, Morgan Stanley analyst Melissa Franchi downgraded Fortinet (FTNT) to Equal Weight from Overweight, stating that she favor security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. While Fortinet shares are not expensive, she believes a discount is warranted as its hardware-oriented business model is less well positioned than Cisco (CSCO) and Palo Alto Networks (PANW), Franchi tells investors. She has a $53 price target on Fortinet shares.
News For FTNT;CSCO;PANW From the Last 2 Days
CSCO
Apr 15, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
Apr 15, 2024 | 12:52 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
Apr 15, 2024 | 09:41 EDT
CSCO
Apr 15, 2024 | 06:06 EDT
BofA analyst Tal Liani upgraded Cisco to Buy from Neutral with a price target of $60, up from $55. The analyst sees three catalysts for growth acceleration: networking to normalize and see renewed growth driven by share gains, security growth to accelerate with the help of firewall stabilization and new product launches, and growth synergies from the Splunk acquisition. While Cisco's next two quarters will remain pressured, this weakness is fully reflected in Street expectations, the analyst tells investors in a research note.
