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Fortinet Earnings Preview For Tuesday's Release $FTNT

Fortinet (FTNT) will be releasing last fiscal quarter's results after the closing bell on April 24, 2012. We can review how Fortinet has executed for investors recently.

Who They Are: 

Fortinet, Inc., together with its subsidiaries, provides network security solutions to enterprises, service providers, and government entities worldwide. The company was founded in 2000 and is headquartered in Sunnyvale, California. Fortinet trades an average of 1.6 million shares per day and has a marketcap of $4.3 Billion.

Float Short: 2.20%

What To Expect:

On average, 10 Analysts are expecting a drop of $-0.03 in earnings per share compared to last quarter's results of $0.14. The number to beat is $0.11 per share based on the estimated mean earnings.

Recent Stock and Valuation Performance:

The current trailing twelve months P/E ratio is 71.6. The forward P/E ratio is 64.98.

Revenue growth relative to last year appears to be problematic for management. Comparing year-over-year fiscal years, revenue has declined to $ million for 2011 vs. $324.6960 million for 2010. The bottom line has rising earnings year-over-year of $62.49 million for 2011 vs. $41.25 million for 2010.The company's earnings before interest and taxes are rising with an EBIT year-over-year of $88.90 million for 2011 vs. $55.34 million for 2010.
The short interest is relatively low at 2.20%.

StockSaints uses information believed to be correct, but is not guaranteed and is not independently checked for accuracy You may wish to use this article as a starting point of your own research with your financial planner.

Robert Weinstein Google+

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Stock Tickers: FTNT Author Disclosure: NA
Fortinet, Inc.