Fortinet Reports First Quarter 2018 Financial Results
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Go back to Fortinet Reports First Quarter 2018 Financial Results
May 4, 2018 11:21 AM EDT
FBN Securities raised its price target on Fortinet (NASDAQ: FTNT) to $65.00 (from $60.00) while maintaining an Outperform rating following results.
Analyst Shebly Seyrafi commented, "We retain our Outperform rating on FTNT and raise our PT from $60 to $65. The company reported a FQ1 revenue and billings beat and is guiding in-line/above consensus for FQ2. We are particularly impressed by the acceleration in product revenue growth to 6% Y/Y from 2%... More
May 4, 2018 8:38 AM EDT
RBC Capital raised its price target on Fortinet (NASDAQ: FTNT) to $59.00 (from $55.00) while maintaining a Sector Perform rating.
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May 3, 2018 4:27 PM EDT
Fortinet (NASDAQ: FTNT) reported Q1 EPS of $0.33, $0.09 better than the analyst estimate of $0.24. Revenue for the quarter came in at $399 million versus the consensus estimate of $390.36 million.
GUIDANCE:
Fortinet sees Q2 2018 EPS of $0.34-$0.36, versus the consensus of $0.34. Fortinet sees Q2... More
