Fortinet (FTNT) Lost It’s Deutsche Bank Buy Rating; Fulton Financial (FULT) Covered By 0 Bulls

January 23, 2018 - By wolcottdaily

Among 11 analysts covering Fulton Financial Corp. (NASDAQ:FULT), 0 have Buy rating, 1 Sell and 10 Hold. Therefore 0 are positive. Fulton Financial Corp. had 28 analyst reports since July 24, 2015 according to SRatingsIntel. Hovde Group initiated Fulton Financial Corporation (NASDAQ:FULT) on Monday, September 12 with “Outperform” rating. The stock of Fulton Financial Corporation (NASDAQ:FULT) earned “Hold” rating by Jefferies on Monday, January 8. The stock of Fulton Financial Corporation (NASDAQ:FULT) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. On Wednesday, October 21 the stock rating was upgraded by Boenning & Scattergood to “Outperform”. As per Thursday, October 20, the company rating was maintained by FBR Capital. Piper Jaffray maintained the shares of FULT in report on Thursday, July 13 with “Hold” rating. The rating was initiated by JP Morgan with “Neutral” on Wednesday, November 18. The rating was downgraded by Barclays Capital on Tuesday, December 6 to “Underweight”. The firm earned “Hold” rating on Wednesday, October 18 by Keefe Bruyette & Woods. Jefferies maintained it with “Hold” rating and $2000 target in Friday, August 11 report. See Fulton Financial Corporation (NASDAQ:FULT) latest ratings:

08/01/2018 Broker: Jefferies Rating: Hold New Target: $20.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $19.0 Maintain
18/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $17.0 Maintain
18/10/2017 Broker: Boenning & Scattergood Rating: Hold Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $17.5 Maintain
25/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $18.0 Maintain
15/09/2017 Broker: Jefferies Rating: Hold New Target: $20.0 Maintain
11/08/2017 Broker: Jefferies Rating: Hold New Target: $20.0000 Maintain
24/07/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $18.0000 Maintain

Among 35 analysts covering Fortinet Inc. (NASDAQ:FTNT), 25 have Buy rating, 1 Sell and 9 Hold. Therefore 71% are positive. Fortinet Inc. has $56 highest and $27 lowest target. $40.59’s average target is -11.47% below currents $45.85 stock price. Fortinet Inc. had 97 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Northland Capital on Tuesday, January 9. The company was maintained on Wednesday, June 21 by Oppenheimer. The company was maintained on Thursday, July 23 by FBR Capital. The firm earned “Buy” rating on Friday, July 14 by BMO Capital Markets. The rating was maintained by BMO Capital Markets on Thursday, October 5 with “Buy”. The firm earned “Sector Perform” rating on Thursday, July 23 by RBC Capital Markets. RBC Capital Markets maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Friday, February 3. RBC Capital Markets has “Sector Perform” rating and $35 target. The firm has “Buy” rating given on Tuesday, October 10 by Piper Jaffray. UBS maintained Fortinet, Inc. (NASDAQ:FTNT) on Friday, October 27 with “Buy” rating. Robert W. Baird maintained the shares of FTNT in report on Thursday, July 27 with “Buy” rating.

Analysts await Fortinet, Inc. (NASDAQ:FTNT) to report earnings on February, 1. They expect $0.15 earnings per share, down 16.67% or $0.03 from last year’s $0.18 per share. FTNT’s profit will be $26.08M for 76.42 P/E if the $0.15 EPS becomes a reality. After $0.16 actual earnings per share reported by Fortinet, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Fortinet, Inc. provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide. The company has market cap of $7.97 billion. The firm offers FortiGate physical and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiManager product family to provide a central management solution for FortiGate products comprising software updates, configuration, policy settings, and security updates; and the FortiAnalyzer product family, which offers a single point of network log data collection. It has a 95.72 P/E ratio. It also provides FortiAP secure wireless access points; FortiWeb, a Web application firewall; FortiMail email security; FortiDB database security appliances; FortiClient, an endpoint security software; and FortiSwitch secure switch connectivity products.

The stock decreased 0.35% or $0.16 during the last trading session, reaching $45.85. About 1.35 million shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since January 23, 2017 and is uptrending. It has outperformed by 3.47% the S&P500.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.44, from 1.49 in 2017Q2. It fall, as 16 investors sold Fulton Financial Corporation shares while 62 reduced holdings. 21 funds opened positions while 61 raised stakes. 108.94 million shares or 0.89% less from 109.92 million shares in 2017Q2 were reported. Parametric Port Associates Ltd Llc holds 0.01% in Fulton Financial Corporation (NASDAQ:FULT) or 660,755 shares. Wagner Bowman Mgmt holds 12,247 shares. First Citizens Bank Trust Co reported 19,127 shares stake. Sterling Capital Limited Liability holds 0.01% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT) for 71,755 shares. Foundry Partners Ltd Com invested in 1.16 million shares. Paloma Prtnrs Mngmt Communications has invested 0.01% in Fulton Financial Corporation (NASDAQ:FULT). Credit Agricole S A holds 4,761 shares. Moreover, Palladium Lc has 0.03% invested in Fulton Financial Corporation (NASDAQ:FULT) for 19,707 shares. 18,054 were accumulated by Lpl Financial Ltd Company. Kbc Group Incorporated Nv has 0% invested in Fulton Financial Corporation (NASDAQ:FULT) for 2,844 shares. Highlander Mgmt Limited Liability Company holds 0.03% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT) for 1,966 shares. California State Teachers Retirement System owns 274,815 shares or 0.01% of their US portfolio. Ing Groep Nv owns 21,425 shares or 0.01% of their US portfolio. Ww Asset Mngmt Incorporated accumulated 11,160 shares or 0.01% of the stock. Gsa Cap Prns Llp has 14,865 shares for 0.02% of their portfolio.

The stock increased 0.54% or $0.1 during the last trading session, reaching $18.65. About 1.02 million shares traded or 20.48% up from the average. Fulton Financial Corporation (NASDAQ:FULT) has risen 28.55% since January 23, 2017 and is uptrending. It has outperformed by 11.85% the S&P500.

Fulton Financial Corporation operates as a multi-bank financial holding firm that provides banking and financial services to businesses and consumers. The company has market cap of $3.27 billion. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. It has a 19.03 P/E ratio. The firm also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; fixed, variable, and adjustable-rate products, such as construction and jumbo loans; and residential mortgages, as well as commercial lending products comprising commercial, financial, agricultural, and real estate loans.

Since July 31, 2017, it had 0 insider purchases, and 1 insider sale for $101,641 activity. 5,539 shares were sold by SMITH R SCOTT JR, worth $101,641.

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>