Morgan Stanley Downgrades Fortinet (FTNT) to Equalweight
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
UBS Maintains Buy on Fortinet (FTNT), Sees Improvement in Q2
April 11, 2013 2:44 PM EDTUBS today maintained a Buy on Fortinet (NASDAQ: FTNT) with a modified price target of $26.00 (from $28.00). Yesterday the stock was slammed follow disappointing Q1 results.
Commenting on the news analyst Brent Thill said, "Overexposure to weak Telco demand was the primary driver for the... More
Needham & Company Downgrades Fortinet (FTNT) to Hold After Negative Pre-Annoucement
April 11, 2013 7:30 AM EDTNeedham & Company downgraded Fortinet (NASDAQ: FTNT) from Buy to Hold following the Q1 warning after the close.
Analyst Scott Zeller called last night's negative preannouncement "a broad-based miss on billings and revenue, and driven by several factors, including service provider weakness."... More
Wells Fargo Downgrades Fortinet (FTNT) to Market Perform Following Q1 Warning
April 11, 2013 7:11 AM EDTWells Fargo downgraded Fortinet (NASDAQ: FTNT) from Outperform to Market Perform and lowered its valuation range form $28-$29 to $17-$18 following the Q1 warnings after the close.
"We believe that there is further risk to company guidance which calls for 19% yr/yr billings... More
BofA/Merrill Lynch Downgrades Fortinet (FTNT) to Neutral
April 11, 2013 7:09 AM EDTBofA/Merrill Lynch downgraded Fortinet (NASDAQ: FTNT) from Buy to Neutral.
For an analyst ratings summary and ratings history on Fortinet click here. For more ratings news on Fortinet click here.
Shares of Fortinet closed at $21.85 yesterday, with a 52 week range of $17.53-$28.23.... More
Fortinet (FTNT) Slammed on Prelim. Q1 Results; Late on Closing Certain U.S. Deals
April 10, 2013 4:33 PM EDTFortinet (Nasdaq: FTNT) is getting slammed late Wednesday after announcing preliminary Q113 results after the market closed.
Total revenue is expected to be in the $134 million to $136 million range compared to Fortinet's guidance of $138 million to $141 million. Non-GAAP net income per diluted share(1)... More
Fortinet (FTNT) Issues Q1 Warning
April 10, 2013 4:19 PM EDTFortinet (Nasdaq: FTNT) announced certain preliminary financial information for the first quarter ended March 31, 2013.
Total billings(1) are expected to be in the $147 million to $149 million range compared to the company's previously-announced guidance of $158 million to $162 million. Total revenue is expected to be in... More
