'Gold Medal Acceleration': Fortinet (FTNT) Delivers Very Strong Beat and Outlook, Wall Street Bulled Up with At Least 10 PT Hikes

Fortinet (FTNT) PT Raised to $305 at BTIG

BTIG analyst Gray Powell raised the price target on Fortinet (NASDAQ: FTNT) to $305.00 (from $291.00) while maintaining a Buy rating.... More

Fortinet (FTNT) PT Raised to $324 at KeyBanc

KeyBanc analyst Michael Turits raised the price target on Fortinet (NASDAQ: FTNT) to $324.00 (from $297.00) while maintaining a Overweight rating.... More

Fortinet (FTNT) PT Raised to $300 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Fortinet (NASDAQ: FTNT) to $300.00 (from $275.00) while maintaining a Market Perform rating.... More

Fortinet (FTNT) PT Raised to $295 at Raymond James

Raymond James analyst Adam Tindle raised the price target on Fortinet (NASDAQ: FTNT) to $295.00 (from $280.00) while maintaining a Outperform rating.... More

Fortinet (FTNT) PT Raised to $250 at Deutsche Bank

Deutsche Bank analyst Patrick Colville raised the price target on Fortinet (NASDAQ: FTNT) to $250.00 (from $242.00) while maintaining a Hold rating.... More

Fortinet (FTNT) PT Raised to $260 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on Fortinet (NASDAQ: FTNT) to $260.00 (from $250.00) while maintaining a Neutral rating.... More

Fortinet (FTNT) PT Raised to $310 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Fortinet (NASDAQ: FTNT) to $310.00 (from $240.00) while maintaining a Outperform rating.... More

Fortinet (FTNT) PT Raised to $335 at Cowen

Cowen analyst Shaul Eyal raised the price target on Fortinet (NASDAQ: FTNT) to $335.00 (from $305.00) while maintaining an Outperform rating.

The analyst commented, "Coming much better than our bullish checks and Street's high estimates, FTNT delivered strong revenue/billings of $801.1M (+29.7% y/y)/$960.9M... More

Fortinet (FTNT) PT Raised to $248 at RBC Capital

RBC Capital analyst Dan Bergstrom raised the price target on Fortinet (NASDAQ: FTNT) to $248.00 (from $208.00) while maintaining a Sector Perform rating.... More

Fortinet (FTNT) PT Raised to $230 at Morgan Stanley

Morgan Stanley analyst Hamza Fodderwala raised the price target on Fortinet (NASDAQ: FTNT) to $230.00 (from $187.00) while maintaining a Equalweight rating.... More

Fortinet (FTNT) Tops Q2 EPS by 7c

Fortinet (NASDAQ: FTNT) reported Q2 EPS of $0.95, $0.07 better than the analyst estimate of $0.88. Revenue for the quarter came in at $801.1 million versus the consensus estimate of $743.65 million.

GUIDANCE:

Fortinet sees FY2021 EPS of $3.75-$3.90, versus the consensus of $3.75. Fortinet sees... More