Fortinet Reports Strong Third Quarter 2015 Financial Results

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Go back to Fortinet Reports Strong Third Quarter 2015 Financial Results

Oppenheimer Cuts Price Target Following Fortinet (FTNT) 2c EPS Beat

October 23, 2015 6:43 AM EDT

Oppenheimer 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 EDT

Fortinet (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