Fortinet, Inc. (FTNT) stock prices updated...
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Fortinet, Inc. stock price
Fortinet, Inc. latest news:
BRIEF-Fortinet Appoints Keith Jensen To Interim CFO
Fortinet Inc(FTNT): * FORTINET APPOINTS KEITH JENSEN TO INTERIM CHIEF FINANCIAL OFFICER. * Fortinet Inc(FTNT) - KEITH REPLACES DREW DEL MATTO WHO SERVED AS CHIEF FINANCIAL OFFICER SINCE JANUARY 2014 AND IS DEPARTING FORTINET Source text for Eikon: Further company coverage:
BRIEF-Fortinet Q4 GAAP Loss Per Share $0.17
Fortinet Inc(FTNT): * FORTINET REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS. * Q4 NON-GAAP EARNINGS PER SHARE $0.32. * Q4 GAAP LOSS PER SHARE $0.17. * Q4 REVENUE ROSE 15 PERCENT TO $416.7 MILLION. * QTRLY GAAP DILUTED NET LOSS PER SHARE OF $0.17, INCLUDING IMPACT OF A ONE-TIME TAX EXPENSE OF $63.0 MILLION. * SEES Q1 REVENUE IN RANGE OF $387.0 MILLION TO $393.0 MILLION.
Fortinet shares rise after fourth-quarter earnings beat
Fortinet Inc.(FTNT) shares rose in the extended session Monday after the company beat fourth-quarter earnings and revenue expectations. The cybersecurity company's shares gained 2.5% to $43.83 after hours. The company reported fourth- quarter net losses of $28.96 million, or losses of 17 cents a share, compared with net income of $25.17 million, or 14 cents a share, in the year-ago period.
Imperva stock falls after JP Morgan downgrades to underweight
Shares of security-software firms Imperva Inc. , Check Point Software Technologies Ltd. , and Fortinet Inc. fell 3.5%, 0.3%, and 0.1%, respectively, in Tuesday morning trading, after analysts at JP Morgan downgraded the stocks. The analysts, led by Sterling Auty, now rate Imperva at underweight and both Check Point and Fortinet at neutral. Auty points to "sales execution issues" for Check Point and Imperva; he thinks it's unlikely that Check Point will go back to "winning consistent market share" and worries about the web-application firewall aspect of Imperva's business. Fortinet, meanwhile, has seen "turnover in the sales and marketing ranks" that has been weighing on results, Auty wrote. He noted that market-research firm Gartner now predicts core security spending to grow at a 6% annual clip through 2021, below a previous forecast for 6.5% growth. Imperva shares have risen 4.7% so far in 2017, compared with 40% and 25% rises for Fortinet and Check Point respectively. The S&P 500 is up 19% this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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