Fortinet ‘Eye-Popping’ Q2 Spurs Price Target Hikes
Fortinet (FTNT) got a string of price target increases Thursday after it posted Q2 earnings late Wednesday that easily topped Street estimates and raised its full-year outlook. FBR Capital Markets analyst Daniel Ives, in a research report Thursday, called Fortinet’s Q2 earnings “eye-popping” and raised his target price on Fortinet to 52 from 44. Ives said that the company “shows no signs of slowing its increasing product/service proliferation in