At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets.
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Cybersecurity firm Fortinet reported Q3 earnings and revenue that topped Wall Street analyst estimates while billings guidance came in below expectations.
Unlike other competitors within the same segment, Fortinet has reported GAAP profitability and positive Fortinet’s free cash flow/equity margins over the last decade. We still expect the firm to ...