Strong Growth and Weak Guidance for Fortinet
Cybersecurity company Fortinet (NASDAQ: FTNT) reported its third-quarter results after the market closed on Oct. 26. Both revenue and profits surged, driven by strong double-digit growth in service revenue, and free cash flow generation doubled. The company's guidance was a touch on the light side, though, with revenue growth expected to slow down during the fourth quarter. Here's what investors need to know about Fortinet's third-quarter results.
Metric
Q3 2017
Source: Fool.com
Fortinet Inc. Stock
€53.60
-1.760%
With 57 Buy predictions and 3 Sell predictions Fortinet Inc. is one of the favorites of our community.
With a target price of 65 € there is a positive potential of 21.27% for Fortinet Inc. compared to the current price of 53.6 €.
