Stock Watch: Fortinet Inc (NASDAQ:FTNT) Expanding AWS Solution Set

[Market Wired] Fortinet Inc (NASDAQ:FTNT) a world leader in high-performance network security, announced it has expanded its solution set for Amazon Web Services (AWS) to include pay-as-you go licensing for its FortiGate-VM virtualized data center firewall. FortiGate-VM for AWS provides enterprise customers with a mature, scalable and reliable solution to secure their cloud-based workloads and meet compliance requirements. An innovator in this realm, Fortinet now offers AWS customers a broad security solution set, which includes its award-winning FortiGate network security appliances, FortiWeb web application firewalls, and FortiManager-VM and FortiAnalyzer-VM virtualized management and analysis systems. The company’s continued innovation and wide breadth of offerings in the virtual and cloud space have given rise to the growing number of customers that have adopted Fortinet’s virtualized solutions on the AWS Cloud. To view the full article click here.

Fortinet Inc (NASDAQ:FTNT), On 10/22/2014, FTNT reported 3 quarter 2014 earnings of $0.12 per share. This result beat the $0.11 consensus of the 26 analysts covering the company and was the same as last year’s 3 quarter results.

The next tentative earnings announcement is expected on 01/27/2015.

FTNT’s PE ratio is among the highest of any stock in the Software & Programming industry and signals that investors have high hopes for this company’s future business prospects. However, during the past year, earnings growth has lagged its historical five year growth rate.

Fortinet Inc (FTNT)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are twenty seven analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.14. The highest estimate is $0.15 while the lowest is $0.13. The company has a one year EPS growth rate of 35.30% and a five year EPS growth rate of 91.14%.

About Fortinet

Fortinet Inc (NASDAQ:FTNT) provides network security solutions. Through the Company’s products and subscription services, Fortinet provides integrated and protection against security threats for enterprises, service providers and governmental entities worldwide. Its flagship Unified Threat Management (UTM) solution consists of its FortiGate physical and virtual appliance products that provide a range of security and networking functions, including firewall, virtual private networking (VPN), application control, antivirus, intrusion prevention, Web filtering, vulnerability management, antispam, wireless controller, and wide area network (WAN) acceleration. On December 7, 2012, the Company completed the acquisition of XDN, Inc. (XDN), a privately held company that provides cloud-based content delivery solutions. On March 8, 2012, the Company completed the acquisition of IntruGuard Devices, Inc. (IntruGuard), a supplier of Intelligent Availability Protection Systems.