Fortinet Reports Fourth Quarter and Full Year 2015 Financial Results
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Needham & Company Reiterated Buy on Fortinet (FTNT) Despite Competitor Downgrades
January 29, 2016 6:53 AM ESTNeedham & Company reiterated a Buy rating and $43.00 price target on Fortinet (NASDAQ: FTNT) following the company's 4Q earnings report. The stock has fallen from $42 in November to current $26 level, based on macro fears on security spending, the mishandled communication of SeptQ Meru revenue contribution, and... More
Fortinet (FTNT) Reports In-Line Q4 EPS
January 28, 2016 4:16 PM ESTFortinet (NASDAQ: FTNT) reported Q4 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $296.5 million versus the consensus estimate of $296.22 million.
Billings of $380.9 million, up 35% year over year.
"Fortinet's solid fourth quarter results help... More
