Fortinet beats Q4 profit on cybersecurity demand, shares jump

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Go back to Fortinet beats Q4 profit on cybersecurity demand, shares jump

Cantor Fitzgerald Assumes Fortinet (FTNT) at Neutral

February 7, 2024 6:51 AM EST

Cantor Fitzgerald analyst Yi Fu Lee assumes coverage on Fortinet (NASDAQ: FTNT) with a Neutral rating and a price target of $50.00.

The analyst comments "We are assuming coverage of Fortinet at a Neutral rating and raising our PT to $75 from $50 on better-than-feared execution. Fortinet... More