Oppenheimer is positive on Fortinet Inc (NASDAQ: FTNT) ability to drive long-term growth, given its growing product line.
"Following a round of mid-Q checks with 24 VARs," the note read, "We believe: 1) FTNT is on track to at least meet 2Q guidance. We note that linearity trends continue to normalize (~25/30/45%) vs. 1H15 panic buying mode; therefore, our positive view will be revisited. 2) Geographical performance is replicable to recent quarters, indicating a slight upside in Europe (~36% of revs) and stable growth in the US. 3) Initial reception of new FortiGate 2000 & 6000 NGFW products is positive, on top of ongoing strength in high-end appliances (FortiGate 3000 & 5000)."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
"We view FTNT's recent tuck-in acquisition of AccelOps as a logical platform expansion complementary to FTNT's new Security Fabric architecture."
The firm a $50 12-18 month price target on shares, which closed Thursday's session at $34.46.