Cybersecurity services provider Fortinet (FTNT) reports strong results; Shares surge

Cantor Fitzgerald Assumes Fortinet (FTNT) at Neutral

Cantor Fitzgerald analyst Yi Fu Lee assumes coverage on Fortinet (NASDAQ: FTNT) with a Neutral rating and a price target of $50.00.

The analyst comments "We are assuming coverage of Fortinet at a Neutral rating and raising our PT to $75 from $50 on better-than-feared execution. Fortinet... More

Fortinet (FTNT) PT Raised to $68 at Citi

Citi analyst Fatima Boolani raised the price target on Fortinet (NASDAQ: FTNT) to $68.00 (from $62.00) while maintaining a Neutral rating.... More

Fortinet (FTNT) PT Raised to $70 at Mizuho Securities

Mizuho Securities analyst Gregg Moskowitz raised the price target on Fortinet (NASDAQ: FTNT) to $70.00 (from $60.00) while maintaining a Neutral rating.... More

Fortinet (FTNT) PT Raised to $82 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Fortinet (NASDAQ: FTNT) to $82.00 (from $70.00) while maintaining a Market Perform rating.... More

Fortinet (FTNT) PT Raised to $87 at BofA Securities

BofA Securities analyst Tai Liani raised the price target on Fortinet (NASDAQ: FTNT) to $87.00 (from $75.00) while maintaining a Buy rating.... More

Fortinet (FTNT) PT Raised to $78 at Stifel

Stifel analyst Adam C. Borg raised the price target on Fortinet (NASDAQ: FTNT) to $78.00 (from $52.00) while maintaining a Hold rating.... More

Fortinet (FTNT) PT Raised to $80 at Barclays

Barclays analyst Saket Kalia raised the price target on Fortinet (NASDAQ: FTNT) to $80.00 (from $63.00) while maintaining a Equalweight rating.... More

Fortinet (FTNT) PT Raised to $72 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the price target on Fortinet (NASDAQ: FTNT) to $72.00 (from $51.00) while maintaining a In Line rating.... More

Fortinet beats Q4 profit on cybersecurity demand, shares jump

(Reuters) - Fortinet reported fourth-quarter profit above analysts' estimates on Tuesday, as enterprises spent more to safeguard their digitized operations against the rising risk of attacks, sending the cybersecurity company's shares up 10.4% in extended trading.

A rapid increase in data theft and hacking incidents in recent years has left... More

Fortinet (FTNT) Tops Q4 EPS by 8c, Offers Guidance

Fortinet (NASDAQ: FTNT) reported Q4 EPS of $0.51, $0.08 better than the analyst estimate of $0.43. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.41 billion.

GUIDANCE:

Fortinet sees Q1 2024 EPS of $0.37-$0.39, versus the consensus of $0.37. Fortinet sees Q1... More