Fortinet Reports Excellent Second Quarter 2015 Financial Results
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Needham & Company Raises Price Target on Fortinet (FTNT) Following 2Q Results
July 23, 2015 8:57 AM EDTNeedham & Company reiterated a Buy rating on Fortinet (NASDAQ: FTNT), and raised the price target to $54.00 (from $48.00), following 2Q results. Fortinets $240m revs and $0.11 EPS were well above $228m consensus revenue and $0.09 consensus EPS. Analyst Scott Zeller believes that the franchise is benefiting from overall strong secular IT spending... More
Baird Raises Price Target to $50 on Fortinet (FTNT) Following 2Q Results
July 23, 2015 8:25 AM EDTBaird maintained a Neutral rating on Fortinet (NASDAQ: FTNT), and raised the price target to $50.00 (from $46.00), following 2Q results. FTNT reported non-GAAP EPS of $0.11 compared to consensus of $0.09. Management guided non-GAAP EPS to $0.12 versus consensus of $0.14. The company raised its F15 billings guidance to... More
FBR Capital Raises Price Target on Fortinet (FTNT) Following a 2Q Beat
July 23, 2015 7:41 AM EDTFBR Capital reiterated an Outperform rating on Fortinet (NASDAQ: FTNT), and raised the price target to $52.00 (from $44.00), following its 2Q15 earnings report. Analyst Daniel Ives said that FTNT handily beat the Street on the top line, bottom line, and billings fronts. Total revenue of $239.8M was well above the Street's estimate of $227.6M. Pro forma EPS came in at $0.11, above the Streets $0.09 estimate. Total billings of $297.2M were above the... More
Fortinet (FTNT) PT Bumped to $50 at Piper Jaffray
July 23, 2015 7:21 AM EDTPiper Jaffray analyst Andrew Nowinski reiterated an Overweight rating and bumped his price target on Fortinet (NASDAQ: FTNT) to $50.00 (from $45.00) following solid Q2 results.
Nowinski commented, "Fortinet reported very solid Q2 results, largely exceeding the Street and consensus estimates for both revenue and... More
JPMorgan Upgrades Fortinet (FTNT) to Overweight
July 23, 2015 6:54 AM EDTJPMorgan upgraded Fortinet (NASDAQ: FTNT) from Neutral to Overweight with a price target of $54.00 (from $40.00).
For an analyst ratings summary and ratings history on Fortinet click here. For more ratings news on Fortinet click here.
Shares of Fortinet closed at $42.30 yesterday.
... MoreFortinet (FTNT) PT Lifted to $55 at Oppenheimer Amid Strong Results
July 23, 2015 6:29 AM EDTOppenheimer analyst Shaul Eyal reiterated an Outperform rating and boosted estimates and his price target on Fortinet (NASDAQ: FTNT) to $55.00 (from $50.00), saying the strong results underscore accelerating trends.
Eyal commented, "FTNT reported strong 2Q15 results across all geographies, product lines, and verticals with... More
Fortinet (FTNT) Tops Q2 EPS by 2c
July 22, 2015 4:16 PM EDTFortinet (NASDAQ: FTNT) reported Q2 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $239.8 million versus the consensus estimate of $227.74 million.
For earnings history and earnings-related data on Fortinet (FTNT) click here.
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