Fortinet (FTNT) Tops Q1 EPS by 3c
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April 27, 2016 8:48 AM EDT
Piper Jaffray analyst, Andrew Nowinski, maintained his Neutral rating on Fortinet (NASDAQ: FTNT) after results beat expectations but the company guided below consensus. The price target goes to $33 from $30.
Fortinet reported Q1 revenue of $284.6M (cons $273.5M), which solidly exceeded the Street... More
April 27, 2016 6:56 AM EDT
FBR Capital analyst, Samad Samana, raised his PT on Fortinet (NASDAQ: FTNT) to $41 after the company reported solid 1Q results. The company experienced healthy demand for its FortiGate product portfolio, larger subscription bundles and managed security services. Fortinet's sales realignment in January started to shine through in 1Q, and the company expects further gains as the year progresses. In short, 1Q results provided investors with further evidence that the speed bumps that popped up in 2015 are in the... More
