Fortinet (FTNT) PT Raised to $59 at RBC Capital

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Go back to Fortinet (FTNT) PT Raised to $59 at RBC Capital

Fortinet Reports First Quarter 2018 Financial Results

May 3, 2018 4:15 PM EDT

First Quarter 2018 Highlights

Revenue of $399.0 million, up 17% year over yearBillings of $463.2 million, up 15% year over year1Deferred revenue of $1.40 billion, up 27% year over yearGAAP diluted net income per share of $0.24Non-GAAP diluted net income per share of $0.331Cash flow from operations of $139.7 million Free cash flow of $128.1 million1Cash, cash equivalents and investments of $1.39 billion $115.5 million in share repurchases

SUNNYVALE, Calif., May 03, 2018 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:... More