Tag Archives: ftnt

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

4 Cybersecurity Stocks Rally As Fortinet Beats

Cybersecurity software firm Fortinet (FTNT) beat second-quarter earnings and sales estimates late Wednesday, and shares are surging in the stock market today. The beat is also lifting its cybersecurity peers: Palo Alto Networks (PANW), CyberArk Software (CYBR), Vasco Data Security (VDSI) and FireEye (FEYE). Fortinet gapped up 11.7% in huge volume to a new all-time high. Shares have gained 55% so far this year, finding support along the 50-day

Apple Supplier, 4 Other Tech Stocks Abuzz After Hours

Shares of five tech stocks — including one Apple (AAPL) supplier — are abuzz late Wednesday following a slew of view-topping earnings results. Cybersecurity firm Fortinet (FTNT) spiked 9% in extended trading, after reporting flat year-over-year Q2 earnings of 11 cents a share that managed to beat forecasts by 2 cents. Sales climbed 30% to $239.8 million vs. views for $222.7 million. F5 Networks (FFIV) also rose in late trading as the data-center