On Thursday, Shares of Fortinet Inc (NASDAQ:FTNT), gained 3.17% to $43.24.
Fortinet, declared financial results for the third quarter ended September 30, 2015.
Financial Highlights for the Third Quarter of 2015
- Billings: Total billings were $299.6 million for the third quarter of 2015, an improvement of 41% contrast to $213.2 million in the same quarter of 2014.
- Revenue: Total revenue was $260.1 million for the third quarter of 2015, an improvement of 35% contrast to $193.3 million in the same quarter of 2014. Within total revenue, product revenue was $119.7 million, an improvement of 36% contrast to $87.7 million in the same quarter of 2014. Service revenue was $140.3 million, an improvement of 33% contrast to $105.6 million in the same quarter of 2014.
- Deferred Revenue: Total deferred revenue was $706.9 million as of September 30, 2015, an improvement of $49.4 million contrast to $657.6 million as of June 30, 2015.
- Cash and Cash Flow2: As of September 30, 2015, cash, cash equivalents and investments were $1.17 billion, contrast to $1.15 billion as of June 30, 2015. In the third quarter of 2015, cash flow from operations was $65.1 million contrast to $56.5 million in the same quarter of 2014. Free cash flow1 was $51.7 million during the third quarter of 2015 contrast to $50.7 million in the same quarter of 2014.
- GAAP Operating Income or Loss:GAAP operating loss was $1.8 million for the third quarter of 2015, representing a GAAP operating margin of -0.7%. GAAP operating income was $15.5 million for the same quarter of 2014, representing a GAAP operating margin of 8%.
- GAAP Net Income and Diluted Net Income Per Share: GAAP net income was $8.2 million for the third quarter of 2015, contrast to GAAP net income of $4.1 million for the same quarter of 2014. GAAP diluted net income per share was $0.05 for the third quarter of 2015, contrast to $0.02 for the same quarter of 2014.
- Non-GAAP Operating Income:Non-GAAP operating income was $36.4 million for the third quarter of 2015, representing a non-GAAP operating margin of 14%. Non-GAAP operating income was $30.4 million for the same quarter of 2014, representing a non-GAAP operating margin of 16%.
- Non-GAAP Net Income and Diluted Net Income Per Share: Non-GAAP net income was $24.1 million for the third quarter of 2015, contrast to non-GAAP net income of $20.0 million for the same quarter of 2014. Non-GAAP diluted net income per share was $0.14 for the third quarter of 2015, contrast to $0.12 for the same quarter of 2014.
A reconciliation of GAAP to non-GAAP financial measures has been offered in the financial statement tables comprised in this press release. An explanation of these measures is also comprised below under the heading “Non-GAAP Financial Measures.”
Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various integrated security and networking functions to protect data, applications, and users from network- and content-level security threats; FortiManager product family to manage the system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products.
Shares of Senior Housing Properties Trust (NYSE:SNH), inclined 0.18% to $16.37, during its last trading session.
Senior Housing Properties Trust, declared that it will issue a press release containing its third quarter 2015 financial results before the NYSE opens on Wednesday, November 4, 2015. At 10:00 a.m. Eastern Time that morning, President and Chief Operating Officer David Hegarty and Chief Financial Officer Richard Doyle will host a conference call to discuss these results.
Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. As of September 30, 2005, it owned 184 properties, counting 85 assisted living facilities, 61 skilled nursing facilities, 36 independent living communities, and 2 hospitals.
Finally, Shares of Kraft Heinz Co (NASDAQ:KHC), ended its last trade with 3.75% gain, and closed at $79.94.
Two iconic brands deeply rooted in American culture, KRAFT Macaroni & Cheese and Star Wars, are joining forces to give fans an out-of-this-world experience. The new KRAFT “Star Wars Macaroni & Cheese” campaign transcends generations with the launch of TV commercials and the KRAFT Star Wars Room – an interactive website giving fans exclusive access to explore rare Star Wars memorabilia, counting boxes of limited-edition Star Wars KRAFT Macaroni & Cheese and collectible character posters.
KRAFT is celebrating the shapes’ star status by placing them among the largest Star Wars memorabilia collection ever seen on a TV commercial. The ad features more than 750 hand-picked Star Wars collectibles, curated by Rancho Obi-Wan, Guinness Record holder for the largest private Star Wars collection. Now, for the first time, fans can visit KraftStarWarsRoom.com to explore the commercial set and learn about the collection of iconic memorabilia, counting Star Wars KRAFT Macaroni & Cheese, by tapping on select items to see additional photos and information.
“We’re bringing to life the nostalgia that many young parents feel about Star Wars and KRAFT, and creating new and exciting ways to experience them together as a family,” said Scott Glenn, Brand Manager for KRAFT Macaroni & Cheese. “The KRAFT Star Wars Room gives fans a new way to feed their inner Jedi with exclusive access to limited-edition collectibles housed in one amazing shrine.”
The Kraft Heinz Company, through its auxiliaries, operates as a food and beverage company in North America and internationally. It primarily offers food and beverage products, counting cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food and grocery products.