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Cantor Fitzgerald Sticks to Their Hold Rating for Fortinet (FTNT)

Tipranks - Tipranks - Wed Apr 22, 7:22AM CDT

Cantor Fitzgerald analyst Jonathan Ruykhaver maintained a Hold rating on Fortinet today and set a price target of $87.00.

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Ruykhaver covers the Technology sector, focusing on stocks such as Fortinet, Allot, and CrowdStrike Holdings. According to TipRanks, Ruykhaver has an average return of 19.2% and a 56.64% success rate on recommended stocks.

In addition to Cantor Fitzgerald, Fortinet also received a Hold from Oppenheimer’s Ittai Kidron in a report issued on April 14. However, on the same day, Mizuho Securities maintained a Sell rating on Fortinet (NASDAQ: FTNT).

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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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