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Fly News Breaks for July 29, 2016
FTNT
Jul 29, 2016 | 08:18 EDT
Oppenheimer analyst Shaul Eyal lowered his price target for Fortinet to $45 from $50 following Q2 results and raised fiscal year 2016 guidance, noting that the company came in short on product revenue due to a shift in business model toward a subscription-driven one. Oppenheimer has an Outperform rating on the shares.
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