Fortinet (FTNT) Tops Q1 EPS by 2c, Revenue Beats

Fortinet (FTNT) Software Security Peers Gain (FEYE) (PANW) (CYBR)

A handful of security stocks gained pre-market Tuesday following strong Q1 results and guidance from Fortinet (NASDAQ: FTNT). Gainers include CyberArk Software (NASDAQ: CYBR), FireEye (NASDAQ: FEYE), Imperva (NYSE: IMPV), Check Point Software Technology (NASDAQ: CHKP), Vasco Data Security (NASDAQ: VDSI), and Palo Alto Networks (NYSE: PANW).

Fortinet (FTNT) PT, Estimates Lifted at Piper Jaffray Amid 'Solid' Q1

Piper Jaffray analyst Andrew Nowinski reiterated an Overweight rating and raised his price target on Fortinet (NASDAQ: FTNT) to $45.00 (from $38.00) following solid Q1 results after the close.

Nowinski commented, "Fortinet reported solid Q1 results, highlighted by record billings growth and solid large... More

Fortinet (FTNT) Price Target Lifted to $43 at Nomura on Strong Billings

Nomura Securities analyst Frederick Grieb reiterated a Buy rating and boosted his price target on Fortinet (NASDAQ: FTNT) to $43.00 (from $38.00) following better-than-expected Q1 results and billings.

Grieb commented, "Fortinet reported F1Q15 billings of $254mn, representing 36% yoy growth, above the Street estimate of 22% yoy... More

Oppenheimer Reiterates Bullish Stance on Fortinet (FTNT) Amid Strong Results

Oppenheimer analyst Shaul Eyal reiterated an Outperform rating and $39 price target on Fortinet (NASDAQ: FTNT) following strong results after the close.

Eyal commented, "FTNT reported strong 1Q15 results across all geographies, product lines, and verticals with all metrics (revenue, EPS, billings & CFO) beating... More

Fortinet (FTNT) FY15 Guidance Tops Views

Fortinet (NASDAQ: FTNT) sees FY15 EPS of $0.51-$0.52 vs the consensus of $0.50. FY revenue is seen at $935-$940 vs the consensus of $926.10 million.

Q2 EPS is seen at $0.08-$0.09 vs consensus of $0.11. Q2 revenue is seen at $224-$228 million vs consensus of $222.10 million.