Fortinet Reports First Quarter 2024 Financial Results
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Go back to Fortinet Reports First Quarter 2024 Financial Results
May 3, 2024 7:01 AM EDT
UBS analyst Fatima Boolani lowered the price target on Fortinet (NASDAQ: FTNT) to $69.00 (from $76.00) while maintaining a Neutral rating.
The analyst comments "1Q results were mixed, with billings coming in 1% light of expectations, but with modest upside to revenue, primarily driven by upside to... More
May 3, 2024 6:55 AM EDT
Cantor Fitzgerald analyst Yi Fu Lee lowered the price target on Fortinet (NASDAQ: FTNT) to $55.00 (from $65.00) while maintaining a Neutral rating.
The analyst comments "We are maintaining our Neutral rating and lowering our PT to $55 from $65 on continued hardware digestion headwinds. Fortinet delivered a... More
May 3, 2024 6:40 AM EDT
RBC Capital analyst Dan Bergstrom lowered the price target on Fortinet (NASDAQ: FTNT) to $68.00 (from $71.00) while maintaining a Sector Perform rating.
The analyst comments "The quarter and outlook were again mixed and likely weigh on the stock over the near-term. We thought the... More
May 2, 2024 4:13 PM EDT
Fortinet (NASDAQ: FTNT) reported Q1 EPS of $0.43, $0.05 better than the analyst estimate of $0.38. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.34 billion.
GUIDANCE:
Fortinet sees Q2 2024 EPS of $0.39-$0.41, versus the consensus of $0.39. Fortinet sees Q2... More
