Fortinet Earns Rigorous Common Criteria Certification, Further Solidifying Its Commitment to Protecting Public Sector Customers

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Go back to Fortinet Earns Rigorous Common Criteria Certification, Further Solidifying Its Commitment to Protecting Public Sector Customers

Needham & Company Raises Price Target on Fortinet (FTNT) Following 2Q Results

July 23, 2015 8:57 AM EDT

Needham & Company reiterated a Buy rating on Fortinet (NASDAQ: FTNT), and raised the price target to $54.00 (from $48.00), following 2Q results. Fortinets $240m revs and $0.11 EPS were well above $228m consensus revenue and $0.09 consensus EPS. Analyst Scott Zeller believes that the franchise is benefiting from overall strong secular IT spending... More

Baird Raises Price Target to $50 on Fortinet (FTNT) Following 2Q Results

July 23, 2015 8:25 AM EDT

Baird maintained a Neutral rating on Fortinet (NASDAQ: FTNT), and raised the price target to $50.00 (from $46.00), following 2Q results. FTNT reported non-GAAP EPS of $0.11 compared to consensus of $0.09. Management guided non-GAAP EPS to $0.12 versus consensus of $0.14. The company raised its F15 billings guidance to... More

FBR Capital Raises Price Target on Fortinet (FTNT) Following a 2Q Beat

July 23, 2015 7:41 AM EDT

FBR Capital reiterated an Outperform rating on Fortinet (NASDAQ: FTNT), and raised the price target to $52.00 (from $44.00), following its 2Q15 earnings report. Analyst Daniel Ives said that FTNT handily beat the Street on the top line, bottom line, and billings fronts. Total revenue of $239.8M was well above the Street's estimate of $227.6M. Pro forma EPS came in at $0.11, above the Streets $0.09 estimate. Total billings of $297.2M were above the... More