Barclays Reaffirms Their Hold Rating on Fortinet (FTNT)
Barclays analyst Saket Kalia maintained a Hold rating on Fortinet today and set a price target of $88.00.
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According to TipRanks, Kalia is a 4-star analyst with an average return of 4.2% and a 51.97% success rate. Kalia covers the Technology sector, focusing on stocks such as Palo Alto Networks, Autodesk, and Varonis Systems.
Currently, the analyst consensus on Fortinet is a Hold with an average price target of $87.61.
Based on Fortinet’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.91 billion and a net profit of $506 million. In comparison, last year the company earned a revenue of $1.66 billion and had a net profit of $526.2 million
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