real-time news and commentary for investors
Wednesday, Jul 10
Fortinet (FTNT) +2.6% following an upgrade to Buy from Jefferies' Aaron Schwartz, who declares...
Fortinet (FTNT) +2.6% following an upgrade to Buy from Jefferies' Aaron Schwartz, who declares shares "have a 5:1 risk-reward to the upside ." Schwartz thinks security spend saw "a modest uptick" in Q2, with Fortinet gaining share, and that greater management oversight should "lead to improving sales consistency and a more balanced growth-reinvestment mix." Shares of the UTM security hardware vendor remain sharply below March levels; Q2 results are due on July 30. (Q1 warning)