Fortinet (FTNT) FY15 Guidance Tops Views

Fortinet (FTNT) Software Security Peers Gain (FEYE) (PANW) (CYBR)

A handful of security stocks gained pre-market Tuesday following strong Q1 results and guidance from Fortinet (NASDAQ: FTNT). Gainers include CyberArk Software (NASDAQ: CYBR), FireEye (NASDAQ: FEYE), Imperva (NYSE: IMPV), Check Point Software Technology (NASDAQ: CHKP), Vasco Data Security (NASDAQ: VDSI), and Palo Alto Networks (NYSE: PANW).

Fortinet (FTNT) PT, Estimates Lifted at Piper Jaffray Amid 'Solid' Q1

Piper Jaffray analyst Andrew Nowinski reiterated an Overweight rating and raised his price target on Fortinet (NASDAQ: FTNT) to $45.00 (from $38.00) following solid Q1 results after the close.

Nowinski commented, "Fortinet reported solid Q1 results, highlighted by record billings growth and solid large... More

Fortinet (FTNT) Price Target Lifted to $43 at Nomura on Strong Billings

Nomura Securities analyst Frederick Grieb reiterated a Buy rating and boosted his price target on Fortinet (NASDAQ: FTNT) to $43.00 (from $38.00) following better-than-expected Q1 results and billings.

Grieb commented, "Fortinet reported F1Q15 billings of $254mn, representing 36% yoy growth, above the Street estimate of 22% yoy... More

Oppenheimer Reiterates Bullish Stance on Fortinet (FTNT) Amid Strong Results

Oppenheimer analyst Shaul Eyal reiterated an Outperform rating and $39 price target on Fortinet (NASDAQ: FTNT) following strong results after the close.

Eyal commented, "FTNT reported strong 1Q15 results across all geographies, product lines, and verticals with all metrics (revenue, EPS, billings & CFO) beating... More

Fortinet (FTNT) Tops Q1 EPS by 2c, Revenue Beats

Fortinet (NASDAQ: FTNT) reported Q1 EPS of $0.08, $0.02 better than the analyst estimate of $0.06. Revenue for the quarter came in at $212.9 million versus the consensus estimate of $205.21 million.

Total billings were $254.3 million for the first quarter of 2015, an increase of 36% compared to $187.6 million... More