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Wells Fargo Keeps Their Sell Rating on Fortinet (FTNT)

Tipranks - Tipranks - Tue Jun 23, 6:11AM CDT

Wells Fargo analyst Richard Poland maintained a Sell rating on Fortinet yesterday and set a price target of $125.00.

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According to TipRanks, Poland is an analyst with an average return of -18.0% and a 16.67% success rate. Poland covers the Technology sector, focusing on stocks such as Okta, Zscaler, and SailPoint, Inc..

The word on The Street in general, suggests a Hold analyst consensus rating for Fortinet with a $113.85 average price target.

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Based on Fortinet’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.85 billion and a net profit of $534.5 million. In comparison, last year the company earned a revenue of $1.54 billion and had a net profit of $433.4 million

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