Needham & Company Raises Price Target on Fortinet (FTNT) Following 2Q Results

FBN Securities Lifts PT on Fortinet (FTNT) to $60 Following 'Blowout' Quarter

July 23, 2015 12:37 PM EDT

FBN Securities boosts its price target on Fortinet (Nasdaq: FTNT) from $45 up to $60 while maintaining an Outperform rating on the stock following Q2 results and outlook.

Analyst Shebly Seyrafi note that FTNT had a 'blowout' quarter, commenting, The company reported very... More

Cybersecurity Peers on Watch Following Strong Q2 Results from Fortinet (FTNT) (FEYE) (CYBR)

July 23, 2015 8:38 AM EDT

CyberArk Software (Nasdaq: CYBR), FireEye (Nasdaq: FEYE), and Palo Alto Networks (NYSE: PANW) are on watch today following strong Q2 results from peer Fortinet (Nasdaq: FTNT).

After... More

Baird Raises Price Target to $50 on Fortinet (FTNT) Following 2Q Results

July 23, 2015 8:25 AM EDT

Baird 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 EDT

FBR 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 EDT

Piper 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 EDT

JPMorgan 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.

... More

Fortinet (FTNT) PT Lifted to $55 at Oppenheimer Amid Strong Results

July 23, 2015 6:29 AM EDT

Oppenheimer 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

After-Hours Stock Movers 07/22: (SNDK) (FFIV) (CRUS) Higher; (CVA) (URI) (QCOM) Lower (more...)

July 22, 2015 6:03 PM EDT

Flotek Industries (NYSE: FTK) 14.2% HIGHER; reported Q2 EPS of ($0.02), $0.05 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $87 million versus the consensus estimate of $69.37 million.

Sandisk Corp. (NASDAQ: SNDK) 13.1% HIGHER; reported Q2 non-GAAP EPS of $0.66, $0.33 better than the analyst estimate of $0.33. EPS was down from $1.41 last year. Revenue for the quarter fell 24% from last year to $1.24 billion, but beat the consensus estimate of $1.2 billion. Reaffirms FY15 outlook.

Ultra Clean Holdings (NASDAQ:... More

Fortinet (FTNT) Tops Q2 EPS by 2c

July 22, 2015 4:16 PM EDT

Fortinet (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.

... More

Trading Radar for 7/22: Texas Instruments (TXN), Qualcomm (QCOM), Whirlpool (WHR), Las Vegas Sands (LVS), Xilinx (XLNX) Report

July 21, 2015 3:19 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

Abbott (NYSE: ABT) - consensus EPS $0.50
Acme United (NYSE: ACU) - consensus EPS $0.76
Angie's List (Nasdaq: ANGI) - consensus loss $0.17
Arctic Cat (Nasdaq:... More