Fortinet (FTNT): Shortfall Macro, Not Company Specific - Oppenheimer

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Go back to Fortinet (FTNT): Shortfall Macro, Not Company Specific - Oppenheimer

Nomura Securities Cuts Price Target on Fortinet (FTNT) Following 3Q Preannouncement

October 12, 2016 7:00 AM EDT

Nomura 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 EDT

Needham & 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