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Fortinet, Inc. - Consensus 'hold' rating and 9.2% Upside Potential

Fortinet, Inc. - Consensus 'hold' rating and 7.2% Upside Potential

Fortinet, Inc. (NASDAQ:FTNT) shares are trading higher after the company reported better-than-expected fourth-quarter financial results after the bell Tuesday. Here's a look at the highlights. Fortinet reported quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 43 cents by 18.6%. The company reported quarterly sales of $1.42 billion, beating the analyst consensus estimate of $1.41 billion by 0.78% and representing a 10.68% increase over sales of $1.28 billion

Fortinet, Inc. (NASDAQ:FTNT) Q4 2023 Earnings Call Transcript February 6, 2024 Fortinet, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day and thank you for standing by. Welcome to the Fortinet Fourth Quarter 2023 Earnings Announcement. [Operator Instructions] […]

Wedbush analyst Daniel Ives maintained Fortinet with an Outperform and raised the price target from $75 to $86. Susquehanna analyst Anne Meisner maintained Fortinet with a Neutral and raised the price target from $55 to $80.