Fortinet (FTNT) stock holds steady premarket after analyst downgrade rattles cybersecurity names
Fortinet shares were steady in premarket trading at $81.69 after falling 4.5% Tuesday. Freedom Capital Markets downgraded the stock to “Hold” on valuation concerns but kept a $90 target. Palo Alto Networks’ profit warning weighed on cybersecurity sentiment. Investors await results from Zscaler on Feb. 26 and CrowdStrike on March 3.