DZ Bank Starts Fortinet (FTNT) at Hold

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Software environment remains challenged but Jefferies increasingly positive on high-growth platforms

October 19, 2023 11:27 AM EDT

In a note covering cyber stocks on Thursday, Jefferies analyst Joseph Gallo upgraded shares of Zscaler (NASDAQ: ZS) and CrowdStrike Holdings Inc. (NASDAQ: CRWD) to Buy and downgraded Fortinet (NASDAQ: FTNT) to Hold.

The analyst told investors that while the environment remains challenged, they have seen enough positive data to become increasingly positive on... More