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Fly News Breaks for June 9, 2016
FTNT
Jun 9, 2016 | 07:20 EDT
Oppenheimer analyst Shaul Eyal remains positive on Fortinet's ability to drive long-term growth given its growing product line. Following a round of mid-quarter checks, the analyst believes the company is on track to at least meet 2Q guidance and initial reception of new FortiGate 2000 & 6000 NGFW products is positive, on top of ongoing strength in high-end appliances. Eyal views Fortinet's recent tuck-in acquisition of AccelOps as a logical platform expansion. He reiterates an Outperform rating and $50 price target on the shares.
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