Fortinet Reports Strong Third Quarter 2015 Financial Results
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Oppenheimer Cuts Price Target Following Fortinet (FTNT) 2c EPS Beat
October 23, 2015 6:43 AM EDTOppenheimer reiterated an Outperform rating on Fortinet (NASDAQ: FTNT), and cut the price target to $50.00 (from $55.00), following the company's 3Q15 earnings results. Revenue of $260.1M beat the consensus estimate of $258.6M, and EPS of $0.14 beat the Street's $0.12 estimate. Product revenue of $120M was shy... More
Fortinet (FTNT) Tops Q3 EPS by 2c
October 22, 2015 4:36 PM EDTFortinet (NASDAQ: FTNT) reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $260.1 million versus the consensus estimate of $258.72 million.
Total billings were $299.6 million for the third quarter of 2015, an increase of 41% compared to $213.2... More
