Fortinet (FTNT) Key Metrics Top Expectations
Post# of 83
Posted On: 04/21/2015 2:46:42 AM
Shares of Fortinet Inc. (FTNT) touched a new lifetime high in extended trading Monday as the company exceeded its expectations across all key metrics in its quarterly financial report, also surpassing analysts' forecasts.
For the first quarter 2015, FTNT posted revenue of $212.9 million, a 26% increase year over year, and non-GAAP (excluding non-recurring items) net income of $13.5 million, or $0.08 per diluted share, topping the Capital IQ Consensus Estimate of $0.06 earnings per share on revenues of $205.21 million for the period
FTNT said that its first quarter billings growth of 36% year-over-year was the highest since becoming a public company over five years ago and is further evidence that the company's investment strategy is paying off.
FTNT is a global leader and innovator in Network Security. Its fast, secure and global cyber security solutions provide broad, high-performance protection against dynamic security threats while simplifying the IT infrastructure.
More about Fortinet Inc. (FTNT) at www.fortinet.com
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Lam Research Corporation's (LRCX) quarterly financial results reached record levels further extending the company's outperformance trajectory, with revenue and profit numbers that exceeded Wall Street analysts' expectations.
For the quarter ended March 29, 2015, LRCX posted revenue of $1.39 billion, a 13% increase sequentially, and non-GAAP net income of $244.9 million, or $1.40 per diluted share, compared to non-GAAP net income of $207.6 million, or $1.19 per diluted share in the previous quarter, surpassing the Capital IQ Consensus Estimate of $1.30 earnings per share on revenues of $1.37 billion for the period
According to its business outlook for the quarter ending June 28, 2015, LRCX expects revenue to be in the range of $1.41 billion to $1.51 billion.
LRCX is a trusted global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.
More about Lam Research Corporation (LRCX) at www.lamresearch.com
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Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included Porterville, CA ( www.porterville.crwe-pr.com ) into the CRWE Network.
Porterville is a city in the San Joaquin Valley, in Tulare County, California. It serves as a gateway to a vast mountain wonderland and recreational area of the Sequoia National Forest, the Giant Sequoia National Monument and Kings Canyon National Parks.
Porterville had an estimated population in 2013 (U.S. Census Bureau) of 55,174, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s division CRWE Tube ( www.crwetube.com ) is expected to be integrated in all the CRWE Network
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
For the first quarter 2015, FTNT posted revenue of $212.9 million, a 26% increase year over year, and non-GAAP (excluding non-recurring items) net income of $13.5 million, or $0.08 per diluted share, topping the Capital IQ Consensus Estimate of $0.06 earnings per share on revenues of $205.21 million for the period
FTNT said that its first quarter billings growth of 36% year-over-year was the highest since becoming a public company over five years ago and is further evidence that the company's investment strategy is paying off.
FTNT is a global leader and innovator in Network Security. Its fast, secure and global cyber security solutions provide broad, high-performance protection against dynamic security threats while simplifying the IT infrastructure.
More about Fortinet Inc. (FTNT) at www.fortinet.com
**
Lam Research Corporation's (LRCX) quarterly financial results reached record levels further extending the company's outperformance trajectory, with revenue and profit numbers that exceeded Wall Street analysts' expectations.
For the quarter ended March 29, 2015, LRCX posted revenue of $1.39 billion, a 13% increase sequentially, and non-GAAP net income of $244.9 million, or $1.40 per diluted share, compared to non-GAAP net income of $207.6 million, or $1.19 per diluted share in the previous quarter, surpassing the Capital IQ Consensus Estimate of $1.30 earnings per share on revenues of $1.37 billion for the period
According to its business outlook for the quarter ending June 28, 2015, LRCX expects revenue to be in the range of $1.41 billion to $1.51 billion.
LRCX is a trusted global supplier of innovative wafer fabrication equipment and services to the semiconductor industry.
More about Lam Research Corporation (LRCX) at www.lamresearch.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included Porterville, CA ( www.porterville.crwe-pr.com ) into the CRWE Network.
Porterville is a city in the San Joaquin Valley, in Tulare County, California. It serves as a gateway to a vast mountain wonderland and recreational area of the Sequoia National Forest, the Giant Sequoia National Monument and Kings Canyon National Parks.
Porterville had an estimated population in 2013 (U.S. Census Bureau) of 55,174, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s division CRWE Tube ( www.crwetube.com ) is expected to be integrated in all the CRWE Network
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
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