Downgrades Outperform Neutral X

FTNT Fortinet

Robert W. Baird

$105 $112

Downgrades Outperform Mkt Perform X

FTNT Fortinet

Raymond James

Upgrades Neutral Overweight X

FTNT Fortinet

Piper Sandler

$100 $120

Upgrades Sec Weight Overweight X

FTNT Fortinet

KeyBanc Capital Markets

$115

Reiterated Market Perform X

FTNT Fortinet

BMO Capital Markets

$88 $100

Upgrades Hold Buy X

FTNT Fortinet

HSBC Securities

$83 $111

Downgrades Neutral Underperform X

FTNT Fortinet

Mizuho

$68

Upgrades Sell Hold X

FTNT Fortinet

DZ Bank

$65

Upgrades Reduce Hold X

FTNT Fortinet

HSBC Securities

$59

Downgrades Buy Neutral X

FTNT Fortinet

Guggenheim

Upgrades Hold Buy X

FTNT Fortinet

TD Cowen

$75

Upgrades Neutral Outperform X

FTNT Fortinet

Daiwa Securities

$75

Downgrades Hold Sell X

FTNT Fortinet

DZ Bank

Downgrades Hold Reduce X

FTNT Fortinet

HSBC Securities

$57

Initiated Mkt Perform X

FTNT Fortinet

Bernstein

$65

Downgrades Overweight Eq Weight X

FTNT Fortinet

CapitalOne

Downgrades Buy Neutral X

FTNT Fortinet

Daiwa Securities

$62

Downgrades Overweight Eq Weight X

FTNT Fortinet

Wells Fargo

$60 $65

Initiated Neutral X

FTNT Fortinet

Susquehanna

$55

Downgrades Buy Hold X

FTNT Fortinet

HSBC Securities

$75 $49

Downgrades Outperform In-line X

FTNT Fortinet

Evercore ISI

$78 $51

Downgrades Overweight Neutral X

FTNT Fortinet

JP Morgan

$67 $52

Downgrades Outperform Perform X

FTNT Fortinet

Oppenheimer

Downgrades Buy Hold X

FTNT Fortinet

Stifel

$69 $52

Downgrades Outperform Mkt Perform X

FTNT Fortinet

William Blair

Initiated Hold X

FTNT Fortinet

Needham

Downgrades Buy Hold X

FTNT Fortinet

Jefferies

$85 $65

Initiated Hold X

FTNT Fortinet

DZ Bank

$58

Initiated Buy X

FTNT Fortinet

HSBC Securities

$75

Initiated Overweight X

FTNT Fortinet

CapitalOne

$74

Upgrades Neutral Buy X

FTNT Fortinet

Guggenheim

$70

Reiterated Market Perform X

FTNT Fortinet

BMO Capital Markets

$88 $72

Reiterated Neutral X

FTNT Fortinet

Mizuho

$81 $68

Reiterated Overweight X

FTNT Fortinet

Morgan Stanley

$84 $80

Reiterated Outperform X

FTNT Fortinet

Raymond James

$75 $70

Reiterated Outperform X

FTNT Fortinet

Robert W. Baird

$93 $84

Reiterated Buy X

FTNT Fortinet

Rosenblatt

$95 $90

Reiterated Sector Outperform X

FTNT Fortinet

Scotiabank

$90 $71

Downgrades Outperform Mkt Perform X

FTNT Fortinet

TD Cowen

$90 $70

Reiterated Outperform X

FTNT Fortinet

Wedbush

$70 $69

Reiterated Overweight X

FTNT Fortinet

Wells Fargo

$90 $85

Reiterated Overweight X

FTNT Fortinet

Barclays

$75 $86

Upgrades Neutral Buy X

FTNT Fortinet

BofA Securities

$66 $75

Initiated Buy X

FTNT Fortinet

Rosenblatt

$80

Initiated Buy X

FTNT Fortinet

Truist

$82

Initiated Buy X

FTNT Fortinet

Goldman

$73

Downgrades Overweight Sec Weight X

FTNT Fortinet

KeyBanc Capital Markets

Initiated Buy X

FTNT Fortinet

Loop Capital

$66

Downgrades Outperform Mkt Perform X

FTNT Fortinet

BMO Capital Markets

$58 $57

Reiterated Buy X

FTNT Fortinet

MKM Partners

$70 $65

Downgrades Buy Neutral X

FTNT Fortinet

Mizuho

$60

Initiated Neutral X

FTNT Fortinet

Guggenheim

Initiated Overweight X

FTNT Fortinet

JP Morgan

$69

Initiated Sector Outperform X

FTNT Fortinet

Scotiabank

$65

Downgrades Buy Neutral X

FTNT Fortinet

BTIG Research

Resumed Outperform X

FTNT Fortinet

Robert W. Baird

$70

Upgrades Eq-Weight Overweight X

FTNT Fortinet

Morgan Stanley

$66 $69

Initiated Outperform X

FTNT Fortinet

SMBC Nikko

$70

Initiated Buy X

FTNT Fortinet

MKM Partners

$70

Initiated Buy X

FTNT Fortinet

Jefferies

$65

Initiated Overweight X

FTNT Fortinet

Cantor Fitzgerald

$70

Initiated Overweight X

FTNT Fortinet

Atlantic Equities

$76

Upgrades Mkt Perform Outperform X

FTNT Fortinet

BMO Capital Markets

$70

Upgrades Outperform Buy X

FTNT Fortinet

Daiwa Securities

$307

Upgrades Neutral Buy X

FTNT Fortinet

Mizuho

$340 $350

Upgrades Eq Weight Overweight X

FTNT Fortinet

Barclays

$364 $395

Downgrades Buy Neutral X

FTNT Fortinet

BofA Securities

$385 $355

Reiterated Equal Weight X

FTNT Fortinet

Barclays

$355 $364

Reiterated Market Perform X

FTNT Fortinet

BMO Capital Markets

$353 $365

Reiterated Buy X

FTNT Fortinet

Citigroup

$390 $405

Reiterated Hold X

FTNT Fortinet

Deutsche Bank

$320 $305

Reiterated Neutral X

FTNT Fortinet

Mizuho

$325 $340

Reiterated Outperform X

FTNT Fortinet

Raymond James

$380 $350

Reiterated Neutral X

FTNT Fortinet

UBS

$370 $340

Reiterated Outperform X

FTNT Fortinet

Wedbush

$400 $350

Reiterated Overweight X

FTNT Fortinet

Wells Fargo

$325 $360

Initiated Buy X

FTNT Fortinet

Citigroup

$390

Initiated Overweight X

FTNT Fortinet

Wells Fargo

$380

Reiterated Market Perform X

FTNT Fortinet

BMO Capital Markets

$275 $300

Reiterated Buy X

FTNT Fortinet

BTIG Research

$291 $305

Reiterated Outperform X

FTNT Fortinet

Cowen

$305 $335

Reiterated Hold X

FTNT Fortinet

Deutsche Bank

$242 $250

Reiterated Overweight X

FTNT Fortinet

KeyBanc Capital Markets

$297 $324

Reiterated Neutral X

FTNT Fortinet

Mizuho

$250 $260

Reiterated Equal-Weight X

FTNT Fortinet

Morgan Stanley

$187 $230

Reiterated Outperform X

FTNT Fortinet

Raymond James

$280 $295

Reiterated Outperform X

FTNT Fortinet

RBC Capital Mkts

$208 $248

Reiterated Outperform X

FTNT Fortinet

Wedbush

$240 $310

Downgrades Buy Neutral X

FTNT Fortinet

Monness Crespi & Hardt

Initiated Outperform X

FTNT Fortinet

Cowen

$230

Resumed Neutral X

FTNT Fortinet

Credit Suisse

$165

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$175 $195

Upgrades Sec Weight Overweight X

FTNT Fortinet

KeyBanc Capital Markets

$185

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$155 $175

Resumed Outperform X

FTNT Fortinet

Evercore ISI

$180

Upgrades Neutral Buy X

FTNT Fortinet

BTIG Research

$178

Upgrades Neutral Buy X

FTNT Fortinet

DA Davidson

$130 $170

Downgrades Overweight Neutral X

FTNT Fortinet

Piper Sandler

$150

Upgrades Neutral Buy X

FTNT Fortinet

BofA/Merrill

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$97 $102

Upgrades Neutral Overweight X

FTNT Fortinet

JP Morgan

$93

Initiated Market Perform X

FTNT Fortinet

Cowen

$85

Downgrades Neutral Sell X

FTNT Fortinet

Citigroup

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$95 $97

Initiated Neutral X

FTNT Fortinet

Mizuho

Upgrades Neutral Outperform X

FTNT Fortinet

First Analysis Sec

$80 $92

Reiterated Market Perform X

FTNT Fortinet

BMO Capital Markets

$78 $90

Downgrades Buy Hold X

FTNT Fortinet

Gabelli & Co

Downgrades Outperform Mkt Perform X

FTNT Fortinet

BMO Capital Markets

$90 $78

Downgrades Buy Sell X

FTNT Fortinet

Goldman

Upgrades Neutral Buy X

FTNT Fortinet

Dougherty & Company

$85

Reiterated Outperform X

FTNT Fortinet

BMO Capital Markets

$76 $90

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$76 $91

Initiated Outperform X

FTNT Fortinet

Wedbush

$100

Resumed Neutral X

FTNT Fortinet

Robert W. Baird

Downgrades Buy Neutral X

FTNT Fortinet

BofA/Merrill

Reiterated Equal Weight X

FTNT Fortinet

Barclays

$63 $75

Reiterated Outperform X

FTNT Fortinet

BMO Capital Markets

$61 $76

Reiterated Neutral X

FTNT Fortinet

Citigroup

$56 $71

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$70 $76

Reiterated Outperform X

FTNT Fortinet

Oppenheimer

$70 $82

Reiterated Overweight X

FTNT Fortinet

Piper Jaffray

$64 $80

Reiterated Buy X

FTNT Fortinet

Stifel

$60 $72

Reiterated Neutral X

FTNT Fortinet

Susquehanna

$61 $68

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$64 $70

Reiterated Outperform X

FTNT Fortinet

BMO Capital Markets

$58 $61

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$60 $64

Reiterated Hold X

FTNT Fortinet

Stifel

$46 $60

Reiterated Buy X

FTNT Fortinet

BofA/Merrill

$57 $63

Downgrades Overweight Eq-Weight X

FTNT Fortinet

Morgan Stanley

Reiterated Outperform X

FTNT Fortinet

BMO Capital Markets

$50 $58

Downgrades Overweight Sec Weight X

FTNT Fortinet

KeyBanc Capital Mkts

Reiterated Buy X

FTNT Fortinet

Monness Crespi & Hardt

$50 $56

Reiterated Outperform X

FTNT Fortinet

BMO Capital Markets

$45 $50

Reiterated Hold X

FTNT Fortinet

Stifel

$42 $46

Downgrades Buy Neutral X

FTNT Fortinet

Dougherty & Company

FTNT  Fortinet, Inc.

Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.