Search
Thursday 22 October 2015
  • :
  • :

Notable Stocks on the Move: Fortinet Inc (NASDAQ:FTNT), Community Health Systems (NYSE:CYH), Citrix Systems, Inc. (NASDAQ:CTXS)

On Wednesday, Shares of Fortinet Inc (NASDAQ:FTNT), lost -3.41% to $41.91.

Fortine,t declared details of its new Secure Access Architecture. This new framework expands Fortinet’s innovative Internal Segmentation cybersecurity strategy, enabling organizations to seamlessly segment devices and the access layers across wired and wireless networks. The Secure Access Architecture provides a broad platform of integrated, high-performance cybersecurity solutions that span from the client to the cloud and everything in between.

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 Community Health Systems (NYSE:CYH), declined -3.34% to $40.55, during its last trading session.

Community Health Systems, declared preliminary financial and operating results for the three months ended September 30, 2015. These results are based on information available to administration as of the date of this press release and are subject to revision upon finalization of the Company’s quarterly accounting and financial reporting procedures.

The Company anticipates net operating revenues for the three months ended September 30, 2015, will be about $4.846 billion, contrast with $4.780 billion for the same period in 2014. Income from ongoing operations before taxes as stated for the three months ended September 30, 2015, is predictable to be about $121 million, contrast with $133 million for the three months ended September 30, 2014. Adjusted EBITDA for the three months ended September 30, 2015, is predictable to be about $661 million, contrast with $750 million for the same period in 2014. Income from ongoing operations for the three months ended September 30, 2015, not taking into account expenses from the planned spin-off of Quorum Health Corporation, is predictable to be $0.56 per share (diluted), contrast with $1.01 per share (diluted) for the three months ended September 30, 2014.

Community Health Systems, Inc., together with its auxiliaries, provides general and specialized hospital healthcare services to patients in the United States. The company operates general acute care hospitals that offer a range of inpatient and outpatient medical and surgical services, such as general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, in addition to skilled nursing and home care services based on individual community needs.

Finally, Shares of Citrix Systems, Inc. (NASDAQ:CTXS), ended its last trade with -5.27% loss, and closed at $71.92.

Citrix, declared that Robert Calderoni, Citrix’s Executive Chairman, has been unanimously designated interim president and CEO, effective right away. Mr. Calderoni will continue serving as Executive Chairman on the Citrix Board of Directors. Mark Templeton, current president and CEO, will serve in an advisory role through the end of the year.

The Board’s formerly declared CEO search process remains underway, led by a search committee compriseing of Mr. Calderoni (committee chair), Godfrey R. Sullivan and Jesse A. Cohn, with the assistance of executive search firm, Heidrick & Struggles.

“On behalf of the Board, I would like to thank Mark for his vision, talent and leadership over the last two decades,” said Thomas Bogan, lead independent director for Citrix. “Mark’s contributions in transforming our company into a $3 billion global technology leader, to our customers, and to our industry have been remarkable, and the entire Citrix team wishes him the very best.”

Citrix Systems, Inc. provides virtualization, mobility administration, networking, and Software as a Service solutions worldwide. The company’s Enterprise and Service Provider division offers XenMobile Enterprise, a solution to manage mobile devices, apps, and data; XenDesktop, a desktop virtualization system that gives customers the flexibility to deliver desktops and applications as cloud services; Citrix XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients; and Citrix Workspace Suite, a business mobility solution that delivers the user experience for any app or desktop.

DISCLAIMER:

This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.




Leave a Reply

Your email address will not be published. Required fields are marked *