Needham & Company Reiterated Buy on Fortinet (FTNT) Despite Competitor Downgrades
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Fortinet Announces New $200 Million Share Repurchase Program
January 28, 2016 4:17 PM ESTSUNNYVALE, CA -- (Marketwired) -- 01/28/16 -- Fortinet® (NASDAQ: FTNT) -- the global leader in high-performance cybersecurity solutions -- today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million through December 31, 2017. Share repurchases may be made by the company from time to time in privately negotiated transactions or in open market transactions.
Fortinet's prior share repurchase program was completed on December 31, 2015. During the program's duration, Fortinet purchased 5.5 million shares of its stock for $137.5 million.Â
The actual timing, number and value of shares repurchased... More
Fortinet Reports Fourth Quarter and Full Year 2015 Financial Results
January 28, 2016 4:15 PM ESTSUNNYVALE, CA -- (Marketwired) -- 01/28/16 --
Fortinet® (NASDAQ: FTNT)
Fourth Quarter 2015 Highlights
Billings of $380.9 million, up 35% year over year 1 Revenue of $296.5 million, up 32% year over year Non-GAAP diluted net income per share of $0.18 1 Cash flow from operations of $68.6 million Free cash flow of $60.2 million 1 Cash, cash... MoreFortinet Details Updates to Their Cybersecurity Operating System
January 28, 2016 9:03 AM ESTSUNNYVALE, CA -- (Marketwired) -- 01/28/16 -- Fortinet® (NASDAQ: FTNT) -- the global leader in high-performance cybersecurity solutions, today announced updates to their FortiOS cybersecurity operating system. FortiOS 5.4 offers new features that enable customers to deploy internal network segmentation for containment and defense against advanced threats.
One Cybersecurity Operating System for the Entire Attack Cycle
... More
