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...
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