Colliers Securities analyst Catharine Trebnick reiterated a Buy rating on Fortinet (NASDAQ:FTNT) on Tuesday, setting a price target of $350, which is approximately 17.82% above the present share price of $297.07.
Trebnick expects Fortinet to post earnings per share (EPS) of $0.84 for the third quarter of 2021.
The current consensus among 18 TipRanks analysts is for a Moderate Buy rating of shares in Fortinet, with an average price target of $306.59.
The analysts price targets range from a high of $355 to a low of $230.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $801.1 million and a net profit of $146.3 million. The company's market cap is $48.52 billion.
According to TipRanks.com, Colliers Securities analyst Catharine Trebnick is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.9% and a 46.47% success rate.
Founded in 2000, California-based Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions to a variety of business, such as enterprises, communication service providers and small businesses.