Fortinet Earnings Lift Cybersecurity Stocks
FTNTFortinet(FTNT) Schaeffers Research·2024-02-08 03:59

Fortinet Inc (NASDAQ:FTNT) stock is lifting the cybersecurity sector today, after the company's stronger- than-expected fourth-quarter results, announced after yesterday's close. FTNT has pared gains since its earlier surge to 73.91,butwasstillup2.273.91, but was still up 2.2% at 68.97 at last check. No fewer than 21 analysts lifted their price targets on the equity after the report, bringing the 12-month consensus price target to $74.42. Over the last month, Fortinet stock saw two downgrades despite its recent uptrend, but an ...