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Fly News Breaks for May 23, 2019
FTNT
May 23, 2019 | 06:58 EDT
Cowen analyst Nick Yako started Fortinet with a Market Perform rating and $85 price target, citing his view the that company is likely not immune from an upcoming slowdown in the security equipment market that is expected. The company can capitalize on the rapidly growing SD-WAN market with its unique offering in the NGFW space, though this will likely take time to become a major growth driver, Yako added.
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