Fly News Breaks for February 3, 2020
Feb 3, 2020 | 09:04 EDT
Northland analyst Robert Breza believes Fortinet finished the year strong, driven by demand for its secure SD-WAN firewall, and expects the company to report revenue above the high end of company guidance of $610M. The analyst, who thinks the revenue upside should flow to the bottom-line and allow for an earnings beat as well, raised his price target on Fortinet shares to $135 ahead of the company's report and keeps an Outperform rating on the stock.
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