Recent Fortinet Inc. coverage reveal a mix of downgraded price targets, report of missed billing quotas leading to an 8% stock fall, and a cautious consensus recommendation from analysts. Nonetheless, the cybersecurity firm's Q1 2024 earnings topped expectations, and the EPS aligned with projections while surpassing revenue estimates. This positive performance led to an upgraded rating to 'Buy' by StockNews.com. Despite the uptick, the stock lagged behind market gains. Despite downward adjustments in price targets by various firms, the company remains favored by institutional investors.
Fortinet FTNT News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Thu, 09 May 2024 10:51:05 GMT -
Rating -3
- Innovation 6
- Information 7
- Rumor -3
