Key Developments: Fortinet Inc (FTNT.O)

FTNT.O on Nasdaq

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26 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Fortinet Inc announces CFO transition
Wednesday, 27 Nov 2013 04:15pm EST 

Fortinet Inc:Says Nancy Bush has been appointed as the Company's Interim Chief Financial Officer.Says She is replacing Ahmed Rubaie, who will be departing as the Company's Chief Financial Officer and Chief Operating Officer for personal reasons.  Full Article

Fortinet Inc Announces Management Change - Form 8-K
Tuesday, 12 Nov 2013 05:18pm EST 

Fortinet Inc reported in its Form 8-K that on November 11, 2013, Fortinet, Inc. (Fortinet) appointed Michael Xie, its Vice President of Engineering and Chief Technology Officer, to the position of President and Chief Technology Officer effective immediately. Mr. Ken Xie, who was Fortinet’s President and Chief Executive Officer was appointed Fortinet’s Chairman and Chief Executive Officer (CEO) in connection with Mr. Michael Xie’s appointment. Mr. Ken Xie had served as President and Chief Executive Officer and a member of Fortinet’s Board of Directors since co-founding Fortinet in October 2000.  Full Article

Fortinet Inc Raises Low End Of Prior FY 2013 Revenue Outlook; Reaffirms FY 2013 EPS Outlook; Issues Q4 2013 Outlook; EPS Outlook Below Analysts' Estimates - Conference Call
Wednesday, 23 Oct 2013 03:30am EDT 

Fortinet Inc announced that for fiscal 2013, it expects total revenue to be in the range of $600-$605 million and non-GAAP earnings per share (EPS) to be approximately $0.46-$0.47 per share. The Company's previous guidance for total revenue was in the range of $595-$605 million. For the fourth quarter of 2013, it expects total revenue to be in the range of $162-$167 million, and non-GAAP EPS to be approximately $0.13-$0.14 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $601 million and EPS of $0.47 for fiscal 2013; revenue of $167 million and EPS of $0.15 for fourth quarter of 2013.  Full Article

Fortinet Inc Collaborates With VMware Inc To Deliver Advanced Security Services For Unified Virtual And Physical Networks
Monday, 26 Aug 2013 12:00pm EDT 

Fortinet Inc announced a proof of concept designed to secure traffic traversing virtual networks at the hypervisor level. With this approach, the security enforcement point is no longer required to be directly in the flow of traffic on the physical network and allows for injecting security controls before the traffic traverses the virtual network layer. Specifically, the proof of concept will show secured traffic flow in a VMware virtualized network environment that highlights security policy enforcement of communication across and between physical and logical workloads. This proof of concept will debut at VMworld(R) 2013 in San Francisco, August 25-29 in Fortinet's booth (#642).  Full Article

Fortinet Inc Issues Q3 2013 Guidance; EPS Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance-Conference Call
Tuesday, 30 Jul 2013 04:30pm EDT 

Fortinet Inc announced that for the third quarter of 2013, it expects total revenue to be in the range of $149 million to $152 million and Non-GAAP earnings per share (EPS) to be approximately $0.10 to $0.11 per share. For fiscal 2013, it expects Total revenue is expected to be in the range of $595 million to $605 million and EPS to be approximately $0.46 to $0.47 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $152 million and EPS of $0.13 for the third quarter of 2013; EPS of $0.49 on revenues of $600 million for fiscal 2013.  Full Article

Fortinet Inc Issues Q2 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance-Conference Call
Tuesday, 30 Apr 2013 04:30pm EDT 

Fortinet Inc announced that for the second quarter of 2013, it expects total revenue to be in the range of $141 million to $144 million and Non-GAAP earnings per share (EPS) to be approximately $0.09 per share. For fiscal 2013, it expects total revenue to be approximately $595 million to $605 million and EPS to be approximately $0.49 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $149 million and EPS of $0.13 for the second quarter of 2013; EPS of $0.61 on revenues of $612 million and EPS of $0.57 for fiscal 2013.  Full Article

Fortinet Inc Lowers Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 10 Apr 2013 09:00pm EDT 

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
Friday, 22 Mar 2013 09:00am EDT 

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
Wednesday, 30 Jan 2013 04:30pm EST 

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 profit beats estimate as hi-end software demand rises

- Enterprise network security services provider Fortinet Inc reported a quarterly profit and revenue above analysts' average expectation, helped by strong demand for its hi-end software security products.

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