BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet

Reuters01-06

BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet

** Piper Sandler says 2025 sets up for improved IT spending trends

** Says the firewall cycle is set to ramp up significantly in 2025; adds, cybersecurity co Fortinet FTNT.O is the "best way to play the firewall refresh in 2025"

** Brokerage upgrades FTNT to "overweight" from "neutral" and raises PT to $120 from $100; shares up 2.91% premarket

** Brokerage notes that generative AI implementation is expected to rise significantly in 2025, benefiting infrastructure providers** Expects enterprise software developer Atlassian Corp's TEAM.O cloud services to continue outperforming due to ongoing enterprise migrations; raises PT to $310 from $265** Piper Sandler revises PT for other security and infrastructure software co's as follows:

Company	Current PT	Previous PT
Confluent Inc CFLT.O	$35	$32
ServiceNow Inc NOW.N	$1,200	$1,000
Varonis Systems VRNS.O	$50	$55

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2501315289?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-06 18:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2501315289","market":"us","top_or_hot":-1,"title":"BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet</title></head><body><p>** Piper Sandler says 2025 sets up for improved IT spending trends</p><p>** Says the firewall cycle is set to ramp up significantly in 2025; adds, cybersecurity co Fortinet <span>FTNT.O</span> is the \"best way to play the firewall refresh in 2025\"</p><p>** Brokerage upgrades FTNT to \"overweight\" from \"neutral\" and raises PT to $120 from $100; shares up 2.91% premarket</p><p>** Brokerage notes that generative AI implementation is expected to rise significantly in 2025, benefiting infrastructure providers** Expects enterprise software developer Atlassian Corp's <span>TEAM.O</span> cloud services to continue outperforming due to ongoing enterprise migrations; raises PT to $310 from $265** Piper Sandler revises PT for other security and infrastructure software co's as follows:  </p><table><tbody><tr><td><p>Company</p></td><td><p>Current PT</p></td><td><p>Previous PT</p></td></tr><tr><td><p>Confluent Inc <span>CFLT.O</span></p></td><td><p>$35</p></td><td><p>$32</p></td></tr><tr><td><p><a href=\"https://laohu8.com/S/NOW\">ServiceNow</a> Inc <span>NOW.N</span></p></td><td><p>$1,200</p></td><td><p>$1,000</p></td></tr><tr><td><p>Varonis Systems <span>VRNS.O</span></p></td><td><p>$50</p></td><td><p>$55</p></td></tr></tbody></table><p> (Reporting by Joel Jose in Bengaluru)</p><p> ((joeljose@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-06 18:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250106:nL4N3O20LK:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet** Piper Sandler says 2025 sets up for improved IT spending trends** Says the firewall cycle is set to ramp up significantly in 2025...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250106:nL4N3O20LK:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFLT","symbol_name":"Confluent, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250106:nL4N3O20LK:1","article_id":"2501315289","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501315289","pubTimestamp":1736158771,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet** Piper Sandler says 2025 sets up for improved IT spending trends** Says the firewall cycle is set to ramp up significantly in 2025; adds, cybersecurity co Fortinet FTNT.O is the \"best way to play the firewall refresh in 2025\"** Brokerage upgrades FTNT to \"overweight\" from \"neutral\" and raises PT to $120 from $100; shares up 2.91% premarket** Brokerage notes that generative AI implementation is expected to rise significantly in 2025, benefiting infrastructure providers** Expects enterprise software developer Atlassian Corp's TEAM.O cloud services to continue outperforming due to ongoing enterprise migrations; raises PT to $310 from $265** Piper Sandler revises PT for other security and infrastructure software co's as follows:  CompanyCurrent PTPrevious PTConfluent Inc CFLT.O$35$32ServiceNow Inc NOW.N$1,200$1,000Varonis Systems VRNS.O$50$55  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"CFLT":"Confluent, Inc.","FTNT":"飞塔信息","VRNS":"Varonis Systems, Inc.","TEAM":"Atlassian Corporation PLC","CHKP":"Check Point软件科技","NOW":"ServiceNow","PIPR":"派杰投资"},"translate_title":"BUZZ-Piper Sandler预计2025年IT支出将会增加；升级Fortinet","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFLT":0.9,"CHKP":0.9,"FTNT":0.9,"NOW":0.9,"PIPR":0.9,"TEAM":0.9,"VRNS":0.9},"content_text":"BUZZ-Piper Sandler sees IT spending boost in 2025; upgrades Fortinet** Piper Sandler says 2025 sets up for improved IT spending trends** Says the firewall cycle is set to ramp up significantly in 2025; adds, cybersecurity co Fortinet FTNT.O is the \"best way to play the firewall refresh in 2025\"** Brokerage upgrades FTNT to \"overweight\" from \"neutral\" and raises PT to $120 from $100; shares up 2.91% premarket** Brokerage notes that generative AI implementation is expected to rise significantly in 2025, benefiting infrastructure providers** Expects enterprise software developer Atlassian Corp's TEAM.O cloud services to continue outperforming due to ongoing enterprise migrations; raises PT to $310 from $265** Piper Sandler revises PT for other security and infrastructure software co's as follows:  CompanyCurrent PTPrevious PTConfluent Inc CFLT.O$35$32ServiceNow Inc NOW.N$1,200$1,000Varonis Systems VRNS.O$50$55 (Reporting by Joel Jose in Bengaluru) ((joeljose@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501315289"}