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Fly News Breaks for April 17, 2017
FTNT
Apr 17, 2017 | 07:41 EDT
Oppenheimer analyst Shaul Eyal raised his price target for Fortinet to $45 from $42 following a round of quarter-end checks and ahead of Q1 results. The analyst believes Fortinet could perform at least in-line with consensus estimates as quarter-end checks suggest "solid performance" in the final weeks of Q1, high-end appliances are tracking well with enterprises, and FortiSandbox and FortiSIEM are making recurring appearances in multi-product deals-positively impacting deal size metrics. Eyal reiterates an Outperform rating on the shares.
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