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FTNT

Fortinet

$58.62

-0.67 (-1.13%)

04:55
05/17/18
05/17
04:55
05/17/18
04:55

Fortinet management to meet with UBS

Meeting to be held in New York on May 17 hosted by UBS.

  • 17

    May

  • 11

    Jun

  • 12

    Jun

FTNT Fortinet
$58.62

-0.67 (-1.13%)

04/11/18
04/11/18
NO CHANGE

Market mispricing cloud security opportuntity, says Morgan Stanley
Morgan Stanley analyst Melissa Franchi noted that the average security stock has significantly underperformed the broader software space over the past 3 years, which she attributes to bearishness on security vendors' ability to navigate the increased competitive threat from public cloud vendors and disruption as enterprises turn to decentralized and cloud-heavy architectures. However, her CIO survey work and industry conversations lead her to estimate third-party security vendors will realize 9% topline growth through 2020, while the consensus is only pricing in 5%. Franchi said she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud and identified Palo Alto Networks (PANW), Cisco (CSCO), Proofpoint (PFPT) and Sophos (SPHHF) as well-positioned vendors poised for outperformance. As previously reported, she also downgraded Fortinet (FTNT) to Equal Weight this morning.
04/11/18
04/11/18
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. Avis Budget (CAR) downgraded to Neutral from Buy at Northcoast with analyst John Healy citing valuation. 2. Affiliated Managers (AMG) downgraded to Market Perform at Keefe Bruyette. 3. Valero (VLO) and PBF Energy (PBF) were downgraded to Sector Perform from Outperform at Scotia Howard Weil. 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi saying she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. 5. Mitel (MITL) downgraded to Sector Perform from Outperform at National Bank with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/04/18
JPMS
05/04/18
NO CHANGE
Target $58
JPMS
Neutral
Fortinet price target raised to $58 from $50 at JPMorgan
JPMorgan analyst Sterling Auty raised his price target for Fortinet to $58 saying the company a "good" Q1 that was inflated by accounting changes. It will take time for investors to digest the impacts of Accounting Standards Codification 606 on the quarter and guide for revenue and margins, Auty tells investors in a research note. He sees the quarter as a balance with billings up 15% and margin expansion. The analyst keeps a Neutral rating on Fortinet shares.
05/04/18
PIPR
05/04/18
NO CHANGE
Target $64
PIPR
Overweight
Fortinet price target raised to $64 from $57 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for Fortinet to $64 saying the company last night reported another solid quarter, with every metric exceeding guidance and consensus. The analyst believes Fortinet continues to take market share in the enterprise space. He reiterates an Overweight rating on the stock.

TODAY'S FREE FLY STORIES

NFLX

Netflix

$367.85

17.61 (5.03%)

09:00
09/19/18
09/19
09:00
09/19/18
09:00
Technical Analysis
Technical Take: Netflix extends its run, analyst action »

In pre-market trading the…

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08:59
09/19/18
09/19
08:59
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08:59
Hot Stocks
Breaking Hot Stocks news story  »

CBX trading halted, news…

TLRY

Tilray

$154.99

34.79 (28.94%)

08:55
09/19/18
09/19
08:55
09/19/18
08:55
Hot Stocks
Tilray shares go mad after CEO appears on CNBC's Mad Money »

Shares of Tilray (TLRY),…

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AMD

AMD

$31.93

-0.51 (-1.57%)

, FTV

Fortive

$87.39

0.25 (0.29%)

08:55
09/19/18
09/19
08:55
09/19/18
08:55
Options
Notable open interest changes for September 19th »

Tuesday's total…

AMD

AMD

$31.93

-0.51 (-1.57%)

FTV

Fortive

$87.39

0.25 (0.29%)

BAC

Bank of America

$30.22

-0.05 (-0.17%)

PBR

Petrobras

$11.23

0.305 (2.79%)

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AZO

AutoZone

$732.74

-14.79 (-1.98%)

, AAP

Advance Auto Parts

$167.64

4.25 (2.60%)

08:54
09/19/18
09/19
08:54
09/19/18
08:54
Recommendations
AutoZone, Advance Auto Parts, O'Reilly Automotive analyst commentary  »

AutoZone price target…

AZO

AutoZone

$732.74

-14.79 (-1.98%)

AAP

Advance Auto Parts

$167.64

4.25 (2.60%)

ORLY

O'Reilly Automotive

$340.65

3.98 (1.18%)

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  • 29

    Oct

TLRY

Tilray

$154.99

34.79 (28.94%)

08:53
09/19/18
09/19
08:53
09/19/18
08:53
Hot Stocks
Citron says still short Tilray, recent rally 'beyond comprehension' »

Short-seller Citron…

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TROW

T. Rowe Price

$109.29

0.3 (0.28%)

08:53
09/19/18
09/19
08:53
09/19/18
08:53
Conference/Events
T. Rowe Price management to meet with William Blair »

Meeting to be held in New…

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  • 20

    Sep

08:53
09/19/18
09/19
08:53
09/19/18
08:53
Conference/Events
Roth Capital to hold a conference »

4th Annual Datacenter…

08:50
09/19/18
09/19
08:50
09/19/18
08:50
Conference/Events
Canaccord to hold a conference »

Artificial Intelligence…

08:50
09/19/18
09/19
08:50
09/19/18
08:50
General news
U.S. Q2 current account deficit narrowed to -$101.5 B »

U.S. Q2 current account…

08:50
09/19/18
09/19
08:50
09/19/18
08:50
General news
Treasury Action: yields drifted below highs »

Treasury Action: yields…

HEAR

Turtle Beach

$17.75

-1.55 (-8.03%)

08:49
09/19/18
09/19
08:49
09/19/18
08:49
Recommendations
Turtle Beach analyst commentary  »

Turtle Beach 45% pullback…

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LEA

Lear

$154.96

-2.2 (-1.40%)

08:47
09/19/18
09/19
08:47
09/19/18
08:47
Recommendations
Lear analyst commentary  »

Lear price target lowered…

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  • 29

    Oct

TNDM

TNDM

08:47
09/19/18
09/19
08:47
09/19/18
08:47
Conference/Events
Tandem Diabetes management to meet with Oppenheimer »

Meetings to be held in…

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  • 20

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    Nov

GWPH

GW Pharmaceuticals

$149.14

8.165 (5.79%)

08:47
09/19/18
09/19
08:47
09/19/18
08:47
Recommendations
GW Pharmaceuticals analyst commentary  »

Launch of GW…

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  • 01

    Oct

TFX

Teleflex

$269.03

1.81 (0.68%)

08:46
09/19/18
09/19
08:46
09/19/18
08:46
Conference/Events
Teleflex management to meet with Stephens »

Meetings to be held in…

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  • 20

    Sep

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  • 09

    Oct

NVS

Novartis

$85.03

-0.1 (-0.12%)

08:46
09/19/18
09/19
08:46
09/19/18
08:46
Conference/Events
Novartis has a conference call hosted by JPMorgan »

JPMorgan Analyst Vosser …

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  • 19

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SPWH

Sportsman's Warehouse

$6.15

-0.02 (-0.32%)

08:45
09/19/18
09/19
08:45
09/19/18
08:45
Conference/Events
Sportsman's Warehouse management to meet with MKM Partners »

Meeting to be held in…

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  • 20

    Sep

08:45
09/19/18
09/19
08:45
09/19/18
08:45
General news
U.S. housing starts rose 9.2% to 1.282 M in August »

U.S. housing starts rose…

SSC

Seven Stars Cloud Group

$4.38

-0.3 (-6.41%)

, CBL

CBL & Associates

$4.34

0.005 (0.12%)

08:45
09/19/18
09/19
08:45
09/19/18
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

SSC

Seven Stars Cloud Group

$4.38

-0.3 (-6.41%)

CBL

CBL & Associates

$4.34

0.005 (0.12%)

MELI

MercadoLibre

$315.06

-7.02 (-2.18%)

SQQQ

ProShares UltraPro Short QQQ

$11.80

-0.3 (-2.48%)

GERN

Geron

$5.48

0.05 (0.92%)

KEY

KeyCorp

$19.74

-0.11 (-0.55%)

CGC

Canopy Growth

$51.77

3.25 (6.70%)

SGYP

Synergy Pharmaceuticals

$1.69

0.005 (0.30%)

SDS

UltraShort S&P500 ProShares

$33.45

-0.41 (-1.21%)

AMJ

American Medical Laboratories Inc

$27.87

0.04 (0.14%)

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08:45
09/19/18
09/19
08:45
09/19/18
08:45
General news
FX Action: The dollar »

FX Action: The dollar was…

08:45
09/19/18
09/19
08:45
09/19/18
08:45
General news
U.S. Q2 current account deficit narrowed to -$101.5 B »

U.S. Q2 current account…

ATHN

Athenahealth

$135.25

-8.005 (-5.59%)

08:43
09/19/18
09/19
08:43
09/19/18
08:43
Recommendations
Athenahealth analyst commentary  »

Leerink sees risk of…

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SEIC

SEI Investments

$62.66

0.26 (0.42%)

08:42
09/19/18
09/19
08:42
09/19/18
08:42
Conference/Events
SEI Investments management to meet with Oppeheimer »

Meeting to be held in New…

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  • 20

    Sep

08:40
09/19/18
09/19
08:40
09/19/18
08:40
Conference/Events
The Atlanta Society of Finance & Investment Professionals to hold a meeting »

The Atlanta Society of…

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