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Wells Fargo Keeps Their Sell Rating on Fortinet (FTNT)
Wells Fargo analyst Richard Poland maintained a Sell rating on Fortinet today and set a price target of $64.00.
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In addition to Wells Fargo, Fortinet also received a Sell from Morgan Stanley’s Meta Marshall in a report issued today. However, on the same day, Piper Sandler maintained a Hold rating on Fortinet (NASDAQ: FTNT).
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
Read More on FTNT:
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