UPDATE: Deutsche Bank Lowers PT on Fortinet on Negative Q1'13 Numbers
April 11, 2013 at 12:33 PM EDT
In a report published Thursday, Deutsche Bank analyst Tom Ernst Jr. reiterated a Buy rating on Fortinet (NASDAQ: FTNT ), but lowered the price target from $32.00 to $30.00. In the report, Ernst noted, “FTNT negatively pre-announced its Q1'13 numbers attributing the shortfall to weakness in the US service provider
