Fortinet (FTNT) Stock Slides as Analyst Downgrades on Valuation Concerns

TLDR Freedom Capital Markets downgraded Fortinet (FTNT) from Buy to Hold on Monday, citing valuation concerns Price target held at $90 despite the rating cut Fortinet posted a strong Q4 with 20% product revenue growth and 18% billings growth 30 analysts have revised earnings estimates downward for the upcoming period Risks include rising memory prices, [...]

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