Swisscom Secures its Data Center With Fortinet

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Oppenheimer Raises Price Target on Fortinet (FTNT) Following Mid-Quarter Checks

June 16, 2015 8:26 AM EDT

Oppenheimer reiterates an Outperform rating on Fortinet (NASDAQ: FTNT), and raised the price target to $46.00 (from $39.00), following mid-quarter checks. Analyst Shaul Eyal believes FTNT 2Q revenue is tracking ahead of mid-point revenue guidance of $226M (up 23% YoY).

Eyal commented, "We are... More