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Fly News Breaks for April 10, 2017
FTNT
Apr 10, 2017 | 08:42 EDT
KeyBanc recommends buying shares of Fortinet ahead of its results. The firm's checks with resellers indicate that it continues to benefit from "healthy renewal activity and strong momentum." The firm also expects the company's Q1 results to be boosted by "the ongoing mix shift to ratable revenue, increasing traction with non- FortiGate solutions and a continued focus on go-to-market opportunities." It keeps a $45 price target and an Overweight rating on the shares.
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