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FTNT

Fortinet

$79.99

1.22 (1.55%)

10:55
08/24/18
08/24
10:55
08/24/18
10:55

Fortinet has conference call hosted by William Blair

William Blair hosts an investor conference call with SVP of Products & Solutions, John Maddison on August 24 at 12 pm.

  • 24

    Aug

  • 06

    Sep

  • 12

    Sep

  • 10

    Oct

FTNT Fortinet
$79.99

1.22 (1.55%)

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.
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
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
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.

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