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johnsyn

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johnsyn

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Thursday, 07/26/2012 5:07:37 PM

Thursday, July 26, 2012 5:07:37 PM

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2:52 PM Fortinet's (FTNT +12.6%) lofty multiples rise after the company delivers a top-line Q2 beat, and uses its earnings call to hike guidance. Fortinet, the top player in the growing UTM security hardware space, now expects 2012 billings of $590M-$600M, up from a prior $580M-$590M. Revenue is expected to total $525M-$530M (consensus is for $525.5M), while Q3 revenue and EPS are expected to be in-line.

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