Bank of America Sees Fortinet's Announcement of COO/CFO Ahmed Rubaie's Departure as a Negative

In a report published Friday, Bank of America analyst Tal Liani reiterated a Neutral rating and $24.00 price target on Fortinet (NASDAQ: FTNT ). In the report, Bank of America noted, “Fortinet announced the departure of COO/CFO Mr. Ahmed Rubaie for personal reasons, after being on the job only since