David Hernandez
Long/short equity, medium-term horizon, growth at reasonable price, ETF investing

Fortinet Is Performing Well In The Cyber Security Industry

Fortinet, Inc. (NASDAQ:FTNT) is a cyber security solutions provider specializing in threat detection. They produce firewall and advance threat detection systems. Fortinet recently reported second-quarter results which were better than expected. Revenue was $184 million and EPS was $0.11. EPS beat analysts' estimates by $0.01 and revenue beat by $12.52 million. The second-quarter results are a continuation of the company's solid financial performance. From 2009-2013, revenue grew at a CAGR of 25.0%. The company's double digit growth rate has coincided with solid operating income growth. From 2009-2013, operating income grew at a CAGR of 29.9%. However, operating income has declined in 2014. The decline is the result of a rapid rise in sales and marketing expense. The company...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details