Fortinet (FTNT) Estimates Raised at Oppenheimer Amid Strong Q3 Results, Outlook

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Go back to Fortinet (FTNT) Estimates Raised at Oppenheimer Amid Strong Q3 Results, Outlook

Fortinet (FTNT) PT Lifted to $32 at Piper Jaffray

October 23, 2014 8:26 AM EDT

Piper Jaffray analyst Andrew Nowinski reiterated an Overweight rating on Fortinet (NASDAQ: FTNT) and boosted his price target on $32.00 (from $31.00) following strong Q3 upside.

Nowinski commented, "Fortinet delivered solid Q3 results, largely exceeding the consensus estimates and guidance. The strong demand was partially... More

Fortinet (FTNT) Tops Q3 EPS by 1c

October 22, 2014 4:17 PM EDT

Fortinet (NASDAQ: FTNT) reported Q3 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $193.3 million versus the consensus estimate of $184.9 million.

Other highlights:

Billings of $213.2 million, up 29% year over yearFree cash flow of $50.7... More