Fly News Breaks for February 7, 2020
Feb 7, 2020 | 06:25 EDT
Piper Sandler analyst Rob Owens raised his price target for Fortinet to $135 from $126 saying the company continued its "outsized" share gains and "impressive "results with billing and revenue accelerating quarter-over-quarter. Further, 19% product growth "punctuates what has been strong share gain story as does success in large deals," Owens tells investors in a post-earnings research note. The analyst maintains an Overweight rating on Fortinet.
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