J.P. Morgan analyst Sterling Auty maintained a Sell rating on Fortinet (NASDAQ:FTNT) on Friday, setting a price target of $314, which is approximately 8.01% below the present share price of $341.35.
Auty expects Fortinet to post earnings per share (EPS) of $1.00 for the fourth quarter of 2021.
The current consensus among 20 TipRanks analysts is for a Moderate Buy rating of shares in Fortinet, with an average price target of $369.35.
The analysts price targets range from a high of $435 to a low of $314.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $867.2 million and a net profit of $165.3 million. The company's market cap is $55.81 billion.
According to TipRanks.com, J.P. Morgan analyst Sterling Auty is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.9% and a 60.25% 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.