Key Developments: Fortinet Inc (FTNT.O)
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Latest Key Developments (Source: Significant Developments)
Fortinet Inc Lowers Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Fortinet Inc announced that for the first quarter of 2013, it expects revenue in the range of $134-$136 million, compared to guidance range of $138 million to $141 million and Non-GAAP EPS to be approximately $0.10, compared to guidance range of $0.11 to $0.12. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.12 on revenues of $140 million for the first quarter of 2013. Full Article
Fortinet Inc Announces Acquisition Of Coyote Point Systems, Inc
Fortinet Inc announced that it has entered into a definitive merger agreement to acquire Coyote Point Systems, Inc., a privately-held provider of enterprise-class application delivery, load balancing and acceleration solutions. Terms of the acquisition are not being disclosed. Full Article
Fortinet Inc Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Fortinet Inc announced that for fiscal 2013, it expects total revenue to be in the range of $625 million to $635 million and EPS to be in the range of $0.60 to $0.61. For the first quarter of 2013, it expects total revenue to be in the range of $138 million to $141 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $140 million for the first quarter of 2013; EPS of $0.61 on revenues of $619 million for fiscal 2013. Full Article
Fortinet Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates; Narrows FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates; Updates On FY 2012 EPS Guidance
Fortinet Inc announced that for the fourth quarter of 2012, it expects rotal revenue to be in the range of $142 million to $146 million and non-GAAP EPS to be approximately $0.15. For fiscal 2012, it expects total revenue to be in the range of $524 million to $528 million and non-GAAP earnings per share (EPS) to be approximately $0.51. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.16 on revenues of $146 million for the fourth quarter of 2012; EPS of $0.52 on revenues of $528 million for fiscal 2012. Full Article
Fortinet, Inc. Issues Q3 2012 Guidance In Line With Analysts' Estimates; Raises Low End Of Prior FY 2012 Guidance-Conference Call
Fortinet, Inc. announced that for the third quarter of 2012, it expects total revenue to be in the range of $134-$137 million, non-GAAP EPS to be approximately $0.14. For fiscal 2012, it expects total revenues to be in the range of $525-$530 million, up from prior guidance of $515 million to $530 million, EPS range to be $0.51 to $0.53, up from prior guidance. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.14 on revenues of $137 million for the third quarter of 2012; EPS of $0.52 on revenues of $528 million for fiscal 2012. Full Article
Fortinet, Inc. Issues Q2 2012 Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance-Conference Call
Fortinet, Inc. announced that for the second quarter of 2012, it expects total revenue to be in the range of $123-$127 million which at the midpoint represents year over year growth of approximately 22%, Non-GAAP earnings per share (EPS) to be approximately $0.12. For fiscal 2012, it has increased the guidance and expects total revenue to be in the range of $515-$530 million, up from $505 to $520 million previously provided, EPS, to be expected to be in the range of $0.49 to $0.53, up slightly from the $0.48 to $0.52 prior range. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.12 on revenues of $124 million for the second quarter of 2012; EPS of $0.52 on revenues of $517 million for fiscal 2012. Full Article
Fortinet, Inc. Issues Q1 2012 Guidance In Line With Analysts' Estimates
Fortinet, Inc. announced that for the first quarter of 2012, it expects total revenue to be in the range of $112 million to $115 million and non-GAAP earnings per share (EPS) to be approximately $0.11. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.11 on revenues of $115 million for the first quarter of 2012. Full Article
Giant Tiger Selects Fortinet, Inc.'s Enterprise Network Security Solution
Fortinet, Inc announced that Giant Tiger, a Canadian family discount retailer, has deployed FortiGate appliances, FortiAP wireless appliances as well as Fortinet's analysis appliance, FortiAnalyzer. The FortiGate appliances are being used for core and distributed network security protection by helping to provide firewall, IPSec VPN, SSL VPN, antivirus, intrusion prevention, application control and web content filtering protection. FortiAnalyzer is also being used to analyze network usage at the headquarters and at the more than 200 retail stores. Full Article
Fortinet, Inc. Secures Contract From Polish Telecom
Fortinet, Inc. announced that Telekomunikacja Polska (Polish Telecom), the national telecommunications provider in Poland, has chosen Fortinet's FortiGate multi-threat network security appliances as the cornerstone of its new Managed UTM offering, designed for small, medium and large enterprises to help secure their internal networks against external threats. Full Article
Fortinet, Inc. Issues Q4 2011; Revenue Guidance Above Analysts' Estimates; Raises FY 2011 Guidance-Conference Call
Fortinet, Inc. announced that for the fourth quarter of 2011, it expects revenue to be in the range of $114-$116 million and Non-GAAP earnings per share (EPS) is expected to be approximately $0.12. For fiscal 2011, it expects total revenue to be in the range of $427-$429 million, which is significantly up from $395-$410 million previously provided and EPS to be approximately $0.43, up from the previous guidance of $0.36 to $0.37. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $113 million and EPS of $0.11 for the fourth quarter of 2011; revenue of $418 million and EPS of $0.39 for fiscal 2011. Full Article
BRIEF-Fortinet drops 10.9 percent in extended trade after Q1 outlook
NEW YORK, April 10 - Fortinet Inc : * Drops 10.9 percent to $19.46 in extended trade after Q1 outlook
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