Wunderlich Securities Upgrades Fortinet (FTNT) to Buy

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Go back to Wunderlich Securities Upgrades Fortinet (FTNT) to Buy

Nomura Securities Cuts Price Target on Fortinet (FTNT) after Results, Keeps Buy Rating

October 17, 2012 8:48 AM EDT

Nomura Securities cut its price target on Fortinet (NASDAQ: FTNT) from $32 to $28, but maintained their Buy rating following Q3 results and lackluster guidance.

Analyst Rick Sherlund comments, "Fortinet reported billings growth of over 20% in all three geographical territories, but was a bit... More

UPDATE: Fortinet, Inc. (FTNT) Reports In-Line Q3 EPS of 14c, Guidance Causes Concern

October 16, 2012 4:15 PM EDT

(Updated - October 16, 2012 4:52 PM EDT)

Fortinet, Inc. (NASDAQ: FTNT) reported Q3 EPS of $0.14, in-line with the analyst estimate of $0.14. Revenue for the quarter came in at $136.3 million versus the consensus estimate of $136.39 million.

Fortinet sees Q3 EPS of about $0.15, versus the... More