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Stifel Nicolaus Sticks to Its Hold Rating for Fortinet (FTNT)

Tipranks - Tipranks - Sat Feb 7, 7:30AM CST

In a report released today, Adam Borg from Stifel Nicolaus maintained a Hold rating on Fortinet, with a price target of $85.00.

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Borg covers the Technology sector, focusing on stocks such as Autodesk, CrowdStrike Holdings, and Tenable Holdings. According to TipRanks, Borg has an average return of 13.3% and a 65.53% success rate on recommended stocks.

In addition to Stifel Nicolaus, Fortinet also received a Hold from Cantor Fitzgerald’s Jonathan Ruykhaver in a report issued today. However, on the same day, J.P. Morgan 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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