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FTNT

Fortinet

$44.10

0.1 (0.23%)

07:11
01/08/18
01/08
07:11
01/08/18
07:11

Fortinet price target raised to $50 from $45 at Oppenheimer

Oppenheimer analyst Shaul Eyal raised his price target for Fortinet to $50 from $45 ahead of results and following a round of "strong" post-quarter check. The analyst reiterates an Outperform rating on the shares.

  • 17

    Jan

  • 05

    Feb

FTNT Fortinet
$44.10

0.1 (0.23%)

11/21/17
BMOC
11/21/17
NO CHANGE
Target $170
BMOC
Market Perform
Palo Alto Networks price target raised to $170 from $160 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Palo Alto Networks (PANW) to $170 after Q2 earnings that showed above-peer 14% product revenue growth. Bachman says the better than expected results were due to a "broadening revenue portfolio, improved go-to-market execution, and product upgrade cycle". The analyst keeps his Market Perform rating on Palo Alto, saying the results may not lessen investors' uncertainty around the durable growth rates in perimeter defense in the wake of weak results/guidance from CheckPoint (CHKP), Fortinet (FTNT), and FireEye (FEYE).
12/12/17
JPMS
12/12/17
DOWNGRADE
Target $50
JPMS
Neutral
Fortinet downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Sterling Auty downgraded Fortinet to Neutral and lowered his price target for the shares to $50 from $53 in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. As such, he's moderating his bullish outlook into next year.
12/12/17
12/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Juno Therapeutics (JUNO) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Jim Birchenough saying that while data for JCAR017 continue to support a potential best-in-class profile in aggressive lymphoma, the current valuation already reflects dominant market positioning over Gilead's (GILD) Yescarta. 2. General Dynamics (GD) downgraded to Underweight from Neutral at JPMorgan, with analyst Seth Seifman saying Gulfstream questions are unlikely to be resolved in the near term. Demand for G500/600 is ok for now, but uncertainty about ultimate production levels and the pace of the learning curve mean the transition will remain a near term overhang, the analyst said. Seifman also downgraded Raytheon (RTN) to Neutral from Underweight. 3. Adobe (ADBE), Barracuda (CUDA), GoDaddy (GDDY), Fortinet (FTNT) and Check Point (CHKP) downgraded to Neutral from Overweight and CoStar Group (CSGP), Imperva (IMPV) and Monotype Imaging (TYPE) downgraded to Underweight from Overweight at JPMorgan by analyst Sterling Auty in conjunction with his 2018 annual outlook for Software Technology. The analyst does not expect the "exceptional performance" in Software during 2017 to repeat in 2018. 4. Spark Therapeutics (ONCE) downgraded to Neutral from Buy at UBS, with analyst Carter Gould seeing a "challenging setup" for the shares after the Phase 1/2 SPK-8011 data in hemophilia A fell short of expectations. The analyst removed SPK-8011, or $29 per share, and early-stage pipeline value, or $12 per share, from his model. He finds it difficult to be more constructive on Spark shares in the near-term. 5. Electronic Arts (EA) downgraded to Buy from Conviction Buy at Goldman Sachs by analyst Christopher Merwin to reflect fewer near-term catalysts around in-game monetization of non-sports titles. To see The Fly's full Street Research coverage, click here.
01/05/18
NORL
01/05/18
NO CHANGE
Target $175
NORL
Outperform
Palo Alto Networks named a 2018 top pick at Northland
Northland analyst Robert Breza named Palo Alto Networks (PANW) a 2018 top pick, noting that the company is now the largest firewall vendor with a comprehensive security platform that includes endpoint protection. He also pointed out that its revenue growth is "significantly faster" than peers Check Point (CHKP) and Fortinet (FTNT) while its valuation is attractive given the discount to the group. Breza has an Outperform rating and $175 price target on Palo Alto shares.

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07:55
05/24/18
05/24
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07:55
Conference/Events
Federal Reserve Bank of Philadelphia President speaks at a conference »

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MCRB

Seres Therapeutics

$8.12

0.16 (2.01%)

07:55
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Seres Therapeutics to hold a research and development day »

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OKTA

Okta

$49.49

0.99 (2.04%)

07:52
05/24/18
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07:52
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Okta analyst commentary  »

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INTU

Intuit

$196.15

5.74 (3.01%)

07:51
05/24/18
05/24
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05/24/18
07:51
Recommendations
Intuit analyst commentary  »

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  • 12

    Jun

CIT

CIT Group

$55.27

-0.06 (-0.11%)

07:51
05/24/18
05/24
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07:51
Hot Stocks
CIT Group announces preliminary results of cash tender offer for common stock »

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EDU

New Oriental Education

$101.38

4.82 (4.99%)

07:50
05/24/18
05/24
07:50
05/24/18
07:50
Downgrade
New Oriental Education rating change  »

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  • 10

    Sep

TAL

TAL Education

$43.74

1.11 (2.60%)

07:50
05/24/18
05/24
07:50
05/24/18
07:50
Upgrade
TAL Education rating change  »

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07:48
05/24/18
05/24
07:48
05/24/18
07:48
Conference/Events
Federal Reserve Bank of Atlanta president delivers opening remarks at conference »

Atlanta Federal Reserve…

DRI

Darden

$85.72

-0.23 (-0.27%)

07:47
05/24/18
05/24
07:47
05/24/18
07:47
Recommendations
Darden analyst commentary  »

Darden added to Top Picks…

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  • 10

    Jul

PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
05/24/18
05/24
07:46
05/24/18
07:46
Downgrade
Petrobras rating change  »

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

07:46
05/24/18
05/24
07:46
05/24/18
07:46
Technical Analysis
Technical Take: Petrobras falls on diesel price cuts, regulator scrutiny »

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PRPO

Precipio

$0.50

0.0143 (2.94%)

07:44
05/24/18
05/24
07:44
05/24/18
07:44
Hot Stocks
Precipio receives first order for liquid biopsy DNA enrichment sales in Europe »

Precipio entered into an…

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QURE

uniQure

$32.87

0.56 (1.73%)

07:44
05/24/18
05/24
07:44
05/24/18
07:44
Initiation
uniQure initiated  »

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MSFT

Microsoft

$98.72

1.16 (1.19%)

07:44
05/24/18
05/24
07:44
05/24/18
07:44
Recommendations
Microsoft analyst commentary  »

Microsoft stock should…

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  • 03

    Jun

WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

07:39
05/24/18
05/24
07:39
05/24/18
07:39
Technical Analysis
Technical Take: Williams-Sonoma nears 52-week high after earnings beat »

The shares were last up…

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LB

L Brands

$34.05

0.06 (0.18%)

07:38
05/24/18
05/24
07:38
05/24/18
07:38
Recommendations
L Brands analyst commentary  »

L Brands price target…

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  • 24

    May

GE

General Electric

$14.17

-1.13 (-7.39%)

07:37
05/24/18
05/24
07:37
05/24/18
07:37
Recommendations
General Electric analyst commentary  »

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MIDD

Middleby

$104.42

1.88 (1.83%)

07:37
05/24/18
05/24
07:37
05/24/18
07:37
Initiation
Middleby initiated  »

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  • 12

    Jun

DE

Deere

$156.59

1.52 (0.98%)

07:36
05/24/18
05/24
07:36
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07:36
Technical Analysis
Technical Take: Deere moves higher in pre-market, analyst action »

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SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

07:36
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  • 24

    May

TRP

TransCanada

$42.26

-0.72 (-1.68%)

07:35
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TransCanada announces NEB recommendation of $1.4B North Montney Mainline Project »

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BAC

Bank of America

$30.45

-0.44 (-1.42%)

, JD

JD.com

$36.72

0.35 (0.96%)

07:35
05/24/18
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07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

BAC

Bank of America

$30.45

-0.44 (-1.42%)

JD

JD.com

$36.72

0.35 (0.96%)

TWX

Time Warner

$93.99

-0.43 (-0.46%)

MRK

Merck

$59.16

0.7 (1.20%)

EBAY

eBay

$38.04

0.27 (0.71%)

KMI

Kinder Morgan

$16.19

0.245 (1.54%)

GLW

Corning

$27.76

0.115 (0.42%)

SU

Suncor

$40.68

-0.36 (-0.88%)

GERN

Geron

$4.67

0.6 (14.74%)

CWH

Camping World

$19.28

-2.12 (-9.91%)

03/08/13
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  • 23

    Oct

CL

Colgate-Palmolive

$62.70

0.31 (0.50%)

07:33
05/24/18
05/24
07:33
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07:33
Recommendations
Colgate-Palmolive analyst commentary  »

Colgate-Palmolive could…

03/08/13
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  • 30

    May

CELG

Celgene

$77.63

1.04 (1.36%)

07:33
05/24/18
05/24
07:33
05/24/18
07:33
Hot Stocks
Celgene authorizes $3B common stock share repurchase program »

Celgene announced that…

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  • 24

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  • 13

    Jun

WBT

Welbilt

$19.83

0.13 (0.66%)

07:33
05/24/18
05/24
07:33
05/24/18
07:33
Initiation
Welbilt initiated  »

Welbilt initiated with a…

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03/08/13
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  • 12

    Jun

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