Tag Archives: ftnt

Cisco Systems Makes Competitive Push Into Security

Cisco Systems is accelerating its push into corporate security. On Tuesday, the No. 1 maker of computer networking gear is expected to launch a set of revamped hardware and software security products to help thwart growing cyberattacks against companies worldwide and beef up its offerings vs. growing competition from rivals including Check Point Software Technologies (CHKP), Palo Alto Networks (PANW) and Fortinet (FTNT). The Cisco Systems (CSCO)

Fortinet Q2 Earnings Boosted By High-End Security

Fortinet (FTNT) stock rose more than 6.5% to near 25.50 in afternoon trading in the stock market today after the network security services provider late Wednesday posted Q2 revenue above analyst expectations. Fortinet stock Thursday touched a 22-month high and is up more than 30% in 2014. The company late Wednesday reported a 25% increase in revenue, to $184 million, and a 33% increase in billings, to $213 million, helped by strong demand for its

Fortinet Price Target Hiked As Analyst Eyes Outlook

Fortinet (FTNT) appears to be on a roll ahead of its first-quarter earnings report. That’s the assessment of Frederick Grieb, an analyst for Nomura Securities, who on Monday raised his price target on Fortinet stock to 27 from 26. Fortinet stock was up 1.5%, near 22.30, in afternoon trading on the stock market today. In a research report, Grieb cited a number of factors for his positive outlook, including better-than-expected feedback from