Reducing the price of Fortinet (FTNT) to $ 90, as UBS warns of low growth of two numbers

Fortinet, Inc. (Nasdaq:ftntHe is one of Amnesty International Inventories on the Wall Street radar. On August 6, Fatima Bolani, an UBS analyst, reduced the target price of the share to $ 90.00 (from 105.00 dollars) while maintaining a neutral classification. The classification confirmation comes after the results of the second quarter of Fortinet.

“2Q results looked decent, with bills/revenues 3 %/2 % before consensus, 33 % OPM (32 % guide), and strong service bills growth by 17 %.”

Despite the positive results, the company noted that Fortinet has reduced service revenues in the second half by $ 50 million. She also reviewed her assumptions for the opportunity to update the end of service life for 2026.

A financial analyst indicates a graph showing the performance of the MSCI EAFE index.

The expected growth in the fourth quarter seems weaker than before, and the company sees a tougher preparation in Cy26.

“2Q results now leave investors wrestling with 4Q guidelines for the growth of 11 % of bills in the fourth quarter (less than the company’s CAGR expectations by 12-5 %) and ~ 13 % of the growth of service revenues (a decrease of 20 % in Cy24). We will now see a more difficult preparation in Cy26, where success with newer products, SECOPS, SECOPS) He will need to excessive in a more financially field. “

The company stated that the stock appears to be at some extent for a low -growth company of two numbers, and chose to remain on the margin.

“Although we continue to design 10 % growth of bills in CY26, we expect a pre -conscious consensus for 12 % of Y/Y by probably.

Fortinet provides, Inc. (NASDAQ: FTNT), a cybersecurity security company, on the walls of the next generation of the institution and network safety solutions, and benefit from artificial intelligence through cybersecurity products.

While we acknowledge the FTNT capabilities as an investment, we believe that some artificial intelligence shares provide greater potential in the upward trend and carry less risks on the downside. If you are looking for a stock of artificial intelligence with less than very apprecia The best inventory of artificial intelligence in the short term.

Read the following: The 15 best stocks of artificial intelligence take Wall Street via the storm and 10 highly flying stocks of artificial intelligence this week.

Detection: Nothing.