Fortinet, Inc. (FTNT) Tops Q2 EPS by 1c

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Go back to Fortinet, Inc. (FTNT) Tops Q2 EPS by 1c

Fortinet (FTNT) PT Raised to $29 at BofA/Merrill Lynch on Strong Q2

July 24, 2014 8:23 AM EDT

BofA/Merrill Lynch analyst Tal Liani reiterated a Buy rating and raised the price target on Fortinet (NASDAQ: FTNT) to $29.00 (from $26.00) following strong beats on both billings and revenue.

The firm adjusted FY 2014 EPS from $0.50 to $0.49, FY 2015 EPS from $0.60 to $0.61 and FY 2016 EPS... More