Fortinet Reports Second Quarter 2018 Financial Results

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Go back to Fortinet Reports Second Quarter 2018 Financial Results

Fortinet (FTNT) PT Raised to $70 at Deutsche Bank

August 2, 2018 8:53 AM EDT

Deutsche Bank raised its price target on Fortinet (NASDAQ: FTNT) to $70.00 (from $61.00) while maintaining a Hold rating.

Analyst Gray Powell commented, "FTNT reported pretty solid Q2 results beating billings estimates by 5% and revenue by ~3% (ex a higher-than-expected ASC 606 benefit) with operating income... More

Fortinet (FTNT) PT Raised to $80 at Piper Jaffray Following 2Q Beat

August 2, 2018 7:17 AM EDT

Piper Jaffray raised its price target on Fortinet (NASDAQ: FTNT) to $80.00 (from $64.00) while maintaining a Overweight rating following the company's 2Q report. Fortinet reported Q2 revenue of $441.3M, which was well above expectations ($425.5M) and the high end of guidance ($430M), due to better... More

Fortinet (FTNT) Tops Q2 EPS by 5c; Raises Outlook

August 1, 2018 4:57 PM EDT

Fortinet (NASDAQ: FTNT) reported Q2 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $441.3 million versus the consensus estimate of $425.52 million.

GUIDANCE:

Fortinet sees Q3 2018 EPS of $0.41-$0.43, versus the consensus of $0.39. Fortinet sees... More