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

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

Needham & 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

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

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

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