Fortinet Inc.

Citi has published a research report on Fortinet (NASDAQ: FTNT) commenting on the company's growth trend. In the report, Citi wrote, "Soft Trends Beneath - Total billings of $110M was slightly below the guidance mid-point for the first time since going public in 2009. Product revenue / billings...

Citi has published a research report on Fortinet (NASDAQ: FTNT) commenting on the company's growth trend. In the report, Citi wrote, "Soft Trends Beneath - Total billings of $110M was slightly below the guidance mid-point for the first time since going public in 2009. Product revenue / billings...

Citigroup has initiated coverage on the following companies: Sourcefire (NASDAQ: FIRE) Buy, $32 PT Fortinet (NASDAQ: FTNT) Hold, $52 PT Websense (NASDAQ: WBSN) Hold, $25 PT

Morgan Keegan has raised its price target on Fortinet Inc. (NASDAQ: FTNT) from $47 to $50 based on strong 1Q11 performance. According to Morgan Keegan, “Strong 1Q11 results provide evidence of accelerating fundamentals over the last several quarters and underscore our belief that broader market...

Deutsche Bank is raising its forecast and price target significantly ($32 to $40) but downgrading Fortinet, Inc. (NASDAQ: FTNT) “as we believe the valuation (22x 2011 EV/FCF) drives a balanced risk/reward.” “We continue to believe that FTNT is positioned for strong growth in 2011 (forecast organic...