Key Developments: Fortinet Inc (FTNT.O)

FTNT.O on Nasdaq

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7 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Fortinet announces agreement to acquire Meru Networks
Wednesday, 27 May 2015 09:00am EDT 

Fortinet:Definitive agreement for Fortinet to acquire Meru.Says acquisition is synergistic with Fortinet's secure wireless vision and enterprise growth focus, broadens the company's solutions portfolio, and expands its opportunity to uniquely address the $5B global enterprise Wi-Fi market with integrated and intelligent secure wireless solutions.  Full Article

Fortinet Signs Collaborative Research and Development Agreement With U.S. Department of Homeland Security
Monday, 18 May 2015 08:00am EDT 

Fortinet:Signs Collaborative Research and Development Agreement (CRADA) with the Department of Homeland Security.Says With the CRADA in place, Fortinet can share and gain access to new threat information in order to help improve threat detection and prevention for users of Fortinet security solutions.  Full Article

Fortinet Inc partners with NTT Communications to power their cloud managed security services
Tuesday, 3 Feb 2015 09:37am EST 

Fortinet Inc:Says that NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group, has chosen Fortinet's security platform.To strengthen its new cloud managed security services, targeted at enterprises conducting business in Japan and overseas.NTT Com's cloud service Enterprise Cloud and managed security services WideAngle are now backed by Fortinet's FortiGate -VM virtual network security appliance and FortiGuard subscription services.The increasing volume and sophistication of security threats, coupled with enterprises' need for easy operation of security systems, are driving demand for cloud-based managed services.To meet that growing demand, the global ICT service provider NTT Com has launched the world's first, among global service providers, FortiGate-VM based one-stop managed security services, combining Enterprise Cloud and WideAngle.Increasing volume and sophistication of security threats, coupled with enterprises' need for easy operation of security systems, are driving demand for cloud-based managed services.To meet that growing demand, the global ICT service provider NTT Com has launched the world's first, among global service providers, FortiGate-VM based one-stop managed security services, combining Enterprise Cloud and WideAngle.With this partnership, NTT Com's Enterprise Cloud now provides cloud-based managed security services powered by Fortinet's FortiGate-VM as an optional offering.  Full Article

Fortinet Inc gives Q1, FY 2015 mixed guidance - Conference Call
Wednesday, 28 Jan 2015 04:30pm EST 

Fortinet Inc:Expects FY 2015 total revenue to be in the range of $915 million to $925 million.Expects FY 2015 non-GAAP earnings per share to be in the range of about $0.49 per share to $0.50 per share.Says Q1 2015 total revenue is expected to be in the range of $200 million to $205 million.Expects Q1 2015 non-GAAP earnings per share to be about $0.06 per share.Q1 2015 revenue of $199 million and EPS of $0.12 - Thomson Reuters I/B/E/S.FY 2015 revenue of $878 million and EPS of $0.59 - Thomson Reuters I/B/E/S.  Full Article

Fortinet Inc gives Q4 2014 mixed guidance; raises FY 2014 revenue guidance; reaffirms FY 2014 EPS guidance - Conference Call
Wednesday, 22 Oct 2014 04:30pm EDT 

Fortinet Inc:Says Q4 2014 total revenue is expected to be in the range of $206 million to $211 million.Expects Q4 2014 non-GAAP earnings per share to be in the range of $0.13 to $0.14 per share.Says FY 2014 total revenue is expected to be in the range of $752 million to $757 million.Expects FY 2014 non-GAAP earnings per share to be in the range of about $0.47 per share to $0.48 per share.Q4 2014 revenue of $203 million and EPS of $0.15 - Thomson Reuters I/B/E/S.FY 2014 revenue of $740 million and EPS of $0.48 - Thomson Reuters I/B/E/S.  Full Article

Fortinet Inc gives Q3, FY 2014 mixed guidance - Conference Call
Wednesday, 23 Jul 2014 04:30pm EDT 

Fortinet Inc:Expects Q3 2014 total revenue to be in the range of $182 million to $185 million.Expects Q3 2014 non-GAAP earnings per share to be about $0.11 per share.Expects FY 2014 total revenue to be in the range of $735 million to $740 million.Expects FY 2014 non-GAAP earnings per share to be in the range of about $0.47 per share to $0.48 per share.Q3 2014 revenue of $177 million and EPS of $0.13 - Thomson Reuters I/B/E/S.FY 2014 revenue of $714 million and EPS of $0.50 - Thomson Reuters I/B/E/S.  Full Article

Alcatel Lucent initiates network security patent infringement litigation against Fortinet
Monday, 19 May 2014 08:00pm EDT 

Alcatel Lucent SA:On May 1, Alcatel Lucent filed lawsuit against Fortinet in Delaware on seven patents that Alcatel Lucent believes are being infringed by Fortinet products and services.  Full Article

Fortinet Inc gives Q2 2014 guidance; EPS guidance below analysts' estimates - Conference Call
Wednesday, 23 Apr 2014 04:30pm EDT 

Fortinet Inc:Expects Q2 2014 revenues to be in the range of $169-$172 million.Expects Q2 2014 non-GAAP earnings per share to be about $0.10 per share based on an expected diluted share count in the range of 168 million to 170 million shares.Q2 2014 revenue of $169 million and EPS of $0.11 - Thomson Reuters I/B/E/S.  Full Article

Global Satellite Operator selects Fortinet Inc's for secure messaging
Monday, 3 Feb 2014 09:00am EST 

Fortinet Inc:Says Eutelsat SA has deployed FortiMail-400C secure messaging appliances to help protect its global employees from email spam and malware.  Full Article

Fortinet Inc gives Q1 2014 guidance; EPS guidance below analysts' estimates - Conference Call
Wednesday, 29 Jan 2014 04:30pm EST 

Fortinet Inc:Says for Q1 2014, total revenue is expected to be in the range of $155 million to $159 million.Says for Q1 2014, it expect non-GAAP earnings-per-share (EPS) to be about $0.08 based on an expected diluted share count in the range of 167 million to 169 million.Q1 2014 revenue of $155 million and EPS of $0.12 - Thomson Reuters I/B/E/S.  Full Article

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