Fortinet (FTNT) Tops Q3 EPS by 2c

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Go back to Fortinet (FTNT) Tops Q3 EPS by 2c

Oppenheimer Cuts Price Target Following Fortinet (FTNT) 2c EPS Beat

October 23, 2015 6:43 AM EDT

Oppenheimer reiterated an Outperform rating on Fortinet (NASDAQ: FTNT), and cut the price target to $50.00 (from $55.00), following the company's 3Q15 earnings results. Revenue of $260.1M beat the consensus estimate of $258.6M, and EPS of $0.14 beat the Street's $0.12 estimate. Product revenue of $120M was shy... More