Stephens Downgrades Fortinet (FTNT) to Equal Weight
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Fortinet (FTNT) Warns on Q3 Revenue; Approves $100M Increase to Buyback Plan
October 11, 2016 4:17 PM EDTFortinet® (NASDAQ: FTNT), a global leader in high performance cyber security solutions, today announced preliminary financial results for the third quarter ended September 30, 2016.
Based on preliminary financial information, Fortinet expects total billings1 to be in the range of $343 million to $348 million compared to our previously announced guidance of $372 million to $376 million. Fortinet also expects to report total revenue for the third quarter of 2016 in the range of $311 million to $316 million compared to our previously announced guidance of $319 million to $324 million. Non-GAAP diluted net... More
Fortinet (FTNT) Prelim. Q3 Results Miss Views
October 11, 2016 4:17 PM EDTFortinet (NASDAQ: FTNT) announced preliminary financial results for the third quarter ended September 30, 2016.
Based on preliminary financial information, Fortinet expects total billings1 to be in the range of $343 million to $348 million compared to our previously announced guidance of $372 million to $376 million. Fortinet also expects to report total revenue for the third quarter of 2016 in the range of $311 million to $316 million compared to our previously announced guidance of $319 million to $324 million. Non-GAAP diluted net income1 per share is expected to be $0.15 to $0.16 compared... More
Wall St. set to open lower ahead of Fed minutes
October 11, 2016 7:32 AM EDTBy Yashaswini Swamynathan
(Reuters) - Wall Street looked set to open lower on Wednesday as investors eyed the finer details of the Federal Reserve's September policy meeting.
While the Fed stood pat on interest rates during the meeting, three members voted for a hike. The minutes will reveal policymakers' views on the progress of the U.S. economy and its ability to absorb an increase this year.
Traders have currently set a 70 percent chance of a rate hike in December, the CME Group's FedWatch tool showed.
"We are going to have to... More
