Fortinet (FTNT) Warns on Q3 Revenue; Approves $100M Increase to Buyback Plan

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/23/2026

1. AZO
2. KBH
3. PRGS
4. RCL
5. ONON
6. CMPX
7. USO
8. CRWV
9. PLTR
10. INNV

Go back to Fortinet (FTNT) Warns on Q3 Revenue; Approves $100M Increase to Buyback Plan

Stephens Downgrades Fortinet (FTNT) to Equal Weight

October 12, 2016 9:35 AM EDT

Stephens downgraded Fortinet (NASDAQ: FTNT) from Overweight to Equal Weight with a price target of $32.00 (from $43.00).

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 $34.09 yesterday.

... More

Goldman Sachs Removes Fortinet (FTNT) from Conviction Buy List

October 12, 2016 7:18 AM EDT

Goldman Sachs downgraded Fortinet (NASDAQ: FTNT) from Conviction Buy to Buy with a price target of $36.00 (from $43.00).

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 $34.09 yesterday.

... More

Nomura Securities Cuts Price Target on Fortinet (FTNT) Following 3Q Preannouncement

October 12, 2016 7:00 AM EDT

Nomura Securities maintained a Buy rating on Fortinet (NASDAQ: FTNT), and cut the price target to $47.00 (from $55.00), following the company's 3Q preannouncement. Revenue is now expected to be $311-316mn, down from prior guidance of $319-324mn. EPS is expected to be $0.15-0.16... More

Needham & Company Cuts Price Target on Fortinet (FTNT) Following 3Q Preannouncement

October 12, 2016 6:55 AM EDT

Needham & Company maintained a Buy rating on Fortinet (NASDAQ: FTNT), and cut the price target to $41.00 (from $42.00), following the company's 3Q preannouncement. FTNT lowered expectations for revenue and EPS. New revenue guidance is $311-316M, vs. $319-324M and below consensus estimates of $322M. EPS... More