Stifel has reduced the
price target for Fortinet (FTNT), maintaining a 'hold' rating. Known television host,
Jim Cramer suggested the market showed little enthusiasm for its new product iteration. Some predict the
FTNT stock could climb to $150. However, concerns over a
refresh cycle have caused the stock to plunge, raising questions on whether it's time to buy during the dip. Fortinet's expanded
FortiRecon platform may strengthen its competitive edge in cybersecurity, sparking potential discussions with Goldman Sachs investors. International revenue performance of FTNT is under exploration, amid its surge into top 500 trading volume. Despite a strong Q2 performance and guidance raise,
FTNT's price target was cut to $80, leading to a 24% decline. The Q2 results have impressed the market, topping expected billings and operating margin. However, UBS has reduced FTNT's price target to $90, warning of low double-digit growth ahead. A chat is scheduled with Goldman Sachs as investors express confusion over firewall refresh. Despite a Q2 beat, Fortinet's stock has tumbled. The company's new
CTEM platform, powered by AI, promises better breach protection. Meanwhile, increasing cloud security fuels AI-driven growth. However, Fortinet's stock has started to rebound, showing bullish signals with technical indicators suggesting a short-term rebound.
Fortinet FTNT News Analytics from Tue, 07 May 2024 07:00:00 GMT to Sat, 16 Aug 2025 09:09:17 GMT -
Rating 0
- Innovation 3
- Information 6
- Rumor -1
