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Fly News Breaks for July 7, 2015
FTNT
Jul 7, 2015 | 07:31 EDT
After conducting checks, Oppenheimer believes that Fortinet enjoyed a "crescendo" at the end of the quarter. The firm continues to believe that the company is benefiting from strong demand for its high-end appliances, strong bookings, and strong demand for its mid-level products. The firm raised its price target on the name to $50 from $46 and recommends aggressively buying the shares ahead of the company's Q2 results.
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