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Roth MKM Remains a Hold on Fortinet (FTNT)

Tipranks - Tipranks - Fri Mar 13, 8:19AM CDT

Roth MKM analyst Imtiaz Koujalgi maintained a Hold rating on Fortinet today and set a price target of $90.00.

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Koujalgi covers the Technology sector, focusing on stocks such as Fortinet, Okta, and Zscaler. According to TipRanks, Koujalgi has an average return of 14.9% and a 58.62% success rate on recommended stocks.

In addition to Roth MKM, Fortinet also received a Hold from Evercore ISI’s Peter Levine 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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