UPDATE: Jefferies Lowers PT on Fortinet Following Q1 Results

In a report published Thursday, Jefferies analyst Aaron Schwartz reiterated a Hold rating on Fortinet (NASDAQ: FTNT ), but lowered the price target from $26.00 to $23.00. In the report, Schwartz noted, “FTNT preannounced 1Q results as a weak large deal environment and uncertain service provider spending continues to cause