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FTNT

Fortinet

$73.63

0.01 (0.01%)

, IBM

IBM

$146.01

-1.71 (-1.16%)

09:13
08/07/18
08/07
09:13
08/07/18
09:13

Fortinet signs cyber threat information sharing agreement with IBM

Fortinet (FTNT) announced that Fortinet and IBM Security (IBM) will collaborate through the bi-directional sharing of cyber threat information.The goal of the agreement is to proactively combat cyber threats and threats to privacy globally through the sharing of contextual threat information generated by the Fortinet FortiGuard Labs threat research team and IBM Security's X-Force research team. IBM Security and Fortinet will directly collaborate through bi-directional sharing of threat intelligence using secure channels. Joint threat information sharing will deliver deep security research expertise and global threat intelligence for increased protection for the customers of each company. IBM Security and Fortinet global threat research teams monitor and analyze security threats from a variety of sources, providing valuable and near real-time threat intelligence. By integrating the threat intelligence feeds from each company, customers will now benefit from more thorough data being available. While the agreement formalizes the cooperation between Fortinet and IBM Security in regards to threat information sharing, both organizations have already been working together in regards to comprehensive security protections. IBM Security has been a Fortinet Fabric-Ready partner since 2017. Fortinet's open approach extends the broad visibility, integrated threat prevention, and automated response of its Security Fabric architecture through well-defined APIs to IBM for unified security management and security incident response.

FTNT

Fortinet

$73.63

0.01 (0.01%)

IBM

IBM

$146.01

-1.71 (-1.16%)

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FTNT Fortinet
$73.63

0.01 (0.01%)

08/02/18
RBCM
08/02/18
NO CHANGE
Target $69
RBCM
Sector Perform
Fortinet price target raised to $69 from $59 at RBC Capital
RBC Capital analyst Dan Bergstrom raised his price target on Fortinet to $69 after its Q2 earnings beat, featuring its first double-digit product growth for the first time in 2 years. The analyst notes that he is "incrementally more positive" amid the company's "product refresh tailwinds and guidance that looks reasonable" but keeps his Sector Perform rating on Fortinet.
08/02/18
OPCO
08/02/18
NO CHANGE
Target $82
OPCO
Outperform
Fortinet price target raised to $82 from $70 at Oppenheimer
Oppenheimer analyst Shaul Eyal raised his price target for Fortinet to $82 from $70 after the company reported "strong" Q2 results driven by solid Product revenue growth, robust non-FortiGate sales and a consistent EMEA performance. The analyst believes Fortinet is catching wind of many strong industry dynamics and feels it remains well positioned to propel revenue growth over the next few quarters. He reiterates an Outperform rating on the shares.
08/02/18
BMOC
08/02/18
NO CHANGE
Target $76
BMOC
Outperform
Fortinet price target raised to $76 from $61 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Fortinet to $76 and kept his Outperform rating after a "very impressive" quarter showing upside to billings and revenues. The analyst expects Fortinet's valuation multiple to be driven higher after these "growth results", adding that the product gross margin issues will be offset by its faster-growing high-margin services business.
08/02/18
FBCO
08/02/18
NO CHANGE
Target $52
FBCO
Underperform
Fortinet price target raised to $52 from $43 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Fortinet to $52 from $43, citing a "very solid" product-led Q2 beat. The analyst reiterates an Underperform rating on the shares.
IBM IBM
$146.01

-1.71 (-1.16%)

07/19/18
BMOC
07/19/18
NO CHANGE
Target $172
BMOC
IBM Q2 Cognitive segment results 'disappointing', says BMO Capital
BMO Capital analyst Keith Bachman lowered his price target on IBM to $172 from $175 and kept his Market Perform rating after its Q2 results. The analyst notes that while the company saw some progress on the services side and the Systems performance was better than expected, the Cognitive segment results were disappointing, particularly given that the business contains high-growth Watson and blockchain offerings. Bachman adds that the latest update on Cognitive segment is raising questions on whether IBM can sustain meaningful growth in operating income and free cash flows.
07/27/18
MSCO
07/27/18
NO CHANGE
Target $185
MSCO
Overweight
IBM momentum in Strategic Imperatives continuing, says Morgan Stanley
Morgan Stanley analyst Katy Huberty noted that investors often associate incumbency with risk, but she believes IBM's (IBM) penetration of 70% of the world's business data as a competitive advantage as she sees signs to suggest its momentum in signing Strategic Imperative deals is continuing. Strategic Imperative growth accelerated 3 points year-over-year in Q2, while estimated Core declines have been relatively stable, noted Huberty. Further supporting her view is the fact that the firm's Q2 CIO survey suggested that IBM ranks ahead of traditional consulting vendors like Accenture (ACN) on digital transformation, Huberty said. She maintains an Overweight rating and $185 price target on IBM shares.
07/30/18
WELS
07/30/18
INITIATION
Target $155
WELS
Market Perform
IBM resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Ed Caso resumed coverage of IBM with a Market Perform rating and $155 price target. While the company's overall revenue growth is "approaching positive territory again," the breadth and strength of the growth remains a "work-in-process and pretax margin has yet to show much improvement," Caso tells investors in a research note. The analyst sees limited share upside potential, but believes "downside risk protection seems solid." The "share bias is now up," Caso contends.
07/30/18
RILY
07/30/18
NO CHANGE
Target $6.3
RILY
Buy
Groupon has ample liquidity to cover IBM award, says B. Riley FBR
B. Riley FBR analyst Sameet Sinha says Groupon (GRPN) has ample liquidity to cover the $83.5M patent award to IBM (IBM). The company has $93M in net cash and an untapped $250M revolver, Sinha tells investors in a research note. He keeps a Buy rating on Groupon shares with a $6.30 price target.

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