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Evercore ISI Keeps Their Hold Rating on Fortinet (FTNT)

Tipranks - Tipranks - Fri Mar 13, 8:02AM CDT

In a report released today, Peter Levine from Evercore ISI reiterated a Hold rating on Fortinet, with a price target of $78.00.

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Levine covers the Technology sector, focusing on stocks such as Fortinet, Palo Alto Networks, and Check Point. According to TipRanks, Levine has an average return of 5.1% and a 44.35% success rate on recommended stocks.

In addition to Evercore ISI, Fortinet also received a Hold from Scotiabank’s Patrick Colville in a report issued today. However, on the same day, Morgan Stanley reiterated 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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