Fortinet results poised to beat expectations, says Sterne Agee After conducting checks in North America, Sterne Agee expects Fortinet to beat consensus estimates. The firm expects the company to provide conservative Q3 guidance that will be in-line to slightly above the consensus outlook. The firm keeps a $30 price target and Buy rating on the shares.
Goldman Sachs to hold a conference Technology & Internet Conference is being held in San Francisco on February 9-11 with webcasted company presentations to begin on February 10 at 11 am; not all company presentations may be webcasted. Webcast Link
On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Acadia (ACHC) initiated with an Overweight at KeyBanc... Altisource Residential (RESI) initiated with a Neutral at Nomura... Colony Starwood Homes (SFR) initiated with a Buy at Nomura... EyeGate (EYEG) initiated with a Buy at Rodman & Renshaw... Fortinet (FTNT) initiated with an Outperform at Northland... Halozyme (HALO) initiated with a Buy at Canaccord... Lendingtree (TREE) initiated with an Outperform at Northland... Lindblad Expeditions (LIND) initiated with an Outperform at Credit Suisse... Summit Therapeutics (SMMT) initiated with a Buy at Canaccord... VolitionRx (VNRX) initiated with a Buy at Rodman & Renshaw.