'Gold Medal Acceleration': Fortinet (FTNT) Delivers Very Strong Beat and Outlook, Wall Street Bulled Up with At Least 10 PT Hikes
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Go back to 'Gold Medal Acceleration': Fortinet (FTNT) Delivers Very Strong Beat and Outlook, Wall Street Bulled Up with At Least 10 PT Hikes
July 30, 2021 7:36 AM EDT
BTIG analyst Gray Powell raised the price target on Fortinet (NASDAQ: FTNT) to $305.00 (from $291.00) while maintaining a Buy rating.... More
July 30, 2021 7:34 AM EDT
KeyBanc analyst Michael Turits raised the price target on Fortinet (NASDAQ: FTNT) to $324.00 (from $297.00) while maintaining a Overweight rating.... More
July 30, 2021 7:30 AM EDT
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
July 30, 2021 7:19 AM EDT
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
July 30, 2021 7:01 AM EDT
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
July 30, 2021 6:40 AM EDT
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
July 30, 2021 6:21 AM EDT
Wedbush analyst Daniel Ives raised the price target on Fortinet (NASDAQ: FTNT) to $310.00 (from $240.00) while maintaining a Outperform rating.... More
July 30, 2021 6:21 AM EDT
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
July 30, 2021 6:12 AM EDT
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
July 30, 2021 4:10 AM EDT
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
July 29, 2021 4:12 PM EDT
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
