Fortinet Announces Preliminary Third Quarter 2016 Financial Results
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Stephens Downgrades Fortinet (FTNT) to Equal Weight
October 12, 2016 9:35 AM EDTStephens downgraded Fortinet (NASDAQ: FTNT) from Overweight to Equal Weight with a price target of $32.00 (from $43.00).
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 $34.09 yesterday.
... MoreGoldman Sachs Removes Fortinet (FTNT) from Conviction Buy List
October 12, 2016 7:18 AM EDTGoldman Sachs downgraded Fortinet (NASDAQ: FTNT) from Conviction Buy to Buy with a price target of $36.00 (from $43.00).
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 $34.09 yesterday.
... MoreNomura Securities Cuts Price Target on Fortinet (FTNT) Following 3Q Preannouncement
October 12, 2016 7:00 AM EDTNomura Securities maintained a Buy rating on Fortinet (NASDAQ: FTNT), and cut the price target to $47.00 (from $55.00), following the company's 3Q preannouncement. Revenue is now expected to be $311-316mn, down from prior guidance of $319-324mn. EPS is expected to be $0.15-0.16... More
Needham & Company Cuts Price Target on Fortinet (FTNT) Following 3Q Preannouncement
October 12, 2016 6:55 AM EDTNeedham & Company maintained a Buy rating on Fortinet (NASDAQ: FTNT), and cut the price target to $41.00 (from $42.00), following the company's 3Q preannouncement. FTNT lowered expectations for revenue and EPS. New revenue guidance is $311-316M, vs. $319-324M and below consensus estimates of $322M. EPS... More
Fortinet (FTNT) Prelim. Q3 Results Miss Views
October 11, 2016 4:17 PM EDTFortinet (NASDAQ: FTNT) announced preliminary financial results for the third quarter ended September 30, 2016.
Based on preliminary financial information, Fortinet expects total billings1 to be in the range of $343 million to $348 million compared to our previously announced guidance of $372 million to $376 million. Fortinet also expects to report total revenue for the third quarter of 2016 in the range of $311 million to $316 million compared to our previously announced guidance of $319 million to $324 million. Non-GAAP diluted net income1 per share is expected to be $0.15 to $0.16 compared... More
