On Monday, Shares of Fortinet Inc. (NASDAQ:FTNT), gained 2.71% to $34.63.
Fortinet, declared financial results for the first quarter ended March 31, 2015.
Financial Highlights for the First Quarter of 2015:
- Billings: Total billings were $254.3 million for the first quarter of 2015, an raise of 36% contrast to $187.6 million in the same quarter of 2014.
- Revenue: Total revenue was $212.9 million for the first quarter of 2015, an raise of 26% contrast to $168.9 million in the same quarter of 2014. Within total revenue, product revenue was $97.5 million, an raise of 27% contrast to the same quarter of 2014. Services and other revenue was $115.4 million, an raise of 25% contrast to the same quarter of 2014.
- Deferred Revenue: Total deferred revenue was $600.2 million as of March 31, 2015, an raise of $41.4 million from $558.8 million as of December 31, 2014.
- Cash and Cash Flow: As of March 31, 2015, cash, cash equivalents and investments were $1.07 billion, contrast to $991.7 million as of December 31, 2014. In the first quarter of 2015, cash flow from operations was $64.6 million and free cash flow1 was $59.7 million.
- GAAP Operating Income: GAAP operating income was $0.9 million for the first quarter of 2015, representing a GAAP operating margin of 0.4%. GAAP operating income was $12.8 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 $1.6 million for the first quarter of 2015, contrast to GAAP net income of $8.4 million for the same quarter of 2014. GAAP diluted net income per share was $0.01 for the first quarter of 2015, contrast to $0.05 for the same quarter of 2014.
- Non-GAAP Operating Income: Non-GAAP operating income was $20.1 million for the first quarter of 2015, representing a non-GAAP operating margin of 9%. Non-GAAP operating income was $26.3 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 $13.5 million for the first quarter of 2015, contrast to non-GAAP net income of $18.2 million for the same quarter of 2014. Non-GAAP diluted net income per share was $0.08 for the first quarter of 2015, contrast to $0.11 for the same quarter of 2014.
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.
Shares of Teck Resources Limited (NYSE:TCK), gained 2.67% to $13.83, during its last trading session.
Teck Resources, declared that it has put in place an important step of its marketing and logistics plan for its 36,000 barrels per day (bpd) share of bitumen production from the Fort Hills oil sands project, securing storage and terminal service capacity.
Teck has reached contract with Gibson Energy Inc. for the construction of a 500,000 barrel dedicated storage tank at the Gibson terminal in Hardisty, Alberta, a major hub for pipeline transportation throughout North America with connectivity to the Enbridge and Keystone export pipelines in addition to area unit train loading facilities.
The Fort Hills oil sands project has three limited partners: Teck (20%), Total E&P Canada (39.2%) and Suncor (40.8%), the developer and operator. Fort Hills has an estimated proved plus probable reserve of 3.07 billion barrels of bitumen as of December 31, 2014. The project is planned to produce first oil as early as Q4 2017 and achieve 90% of its planned production capacity of 180,000 bpd of bitumen within 12 months. Teck’s share of production is predictable to be 36,000 bpd (13 million barrels per year) of bitumen.
As formerly declared the Fort Hills partners and Enbridge have reached long term transportation contracts for the delivery of diluent from Edmonton and blended bitumen to Hardisty.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
At the end of Monday’s trade, Shares of Horizon Pharma plc (NASDAQ:HZNP), gained 2.66% to $31.64.
Horizon Pharma, declared that Horizon Pharma Financing Inc., its wholly-owned partner, intends, subject to market and other considerations, to offer $300 million aggregate principal amount of senior notes due 2023, and that Horizon Pharma, Inc., the parent of the Issuer and a wholly-owned partner of Horizon, intends to enter into a new term loan facility in an aggregate principal amount of $500 million.
Horizon presently anticipates to use the net proceeds from the offering of notes and borrowings under the new term loan facility to fund a portion of Horizon’s planned acquisition of Hyperion Therapeutics, Inc., repay the outstanding amounts under Horizon’s existing $300 million credit facility and certain outstanding debt of Hyperion, and pay any prepayment premiums, fees and expenses in connection with the foregoing. The proceeds from the offering of the notes will be held in escrow pending release in connection with the closing of the Hyperion acquisition.
Upon the consummation of the Hyperion acquisition, HPI will assume all of the obligations of the Issuer under the notes and the notes and the new term loan facility will be fully and unconditionally guaranteed by Horizon, in addition to by certain of its existing and future auxiliaries.
Horizon Pharma plc, a specialty biopharmaceutical company, engages in identifying, developing, acquiring or in-licensing, and commercializing medicines for the treatment of arthritis, pain, inflammatory, and/or orphan diseases in the United States and internationally.
Finally, Canadian National Railway Company (NYSE:CNI), ended its last trade with 2.54% gain, and closed at $68.10.
Canadian National Railway Company, declared that its Board of Directors has approved a second-quarter 2015 dividend on the Company’s common shares outstanding. A quarterly dividend of thirty-one-and-one-quarter cents (C$0.3125) per common share will be paid on June 30, 2015, to shareholders of record at the close of business on June 9, 2015.
Canadian National Railway Company, together with its auxiliaries, engages in rail and related transportation business in North America. It offers transportation services that comprise rail, intermodal container, and trucking services; and supply chain solutions, counting warehousing and distribution, cargoflo, logistics parks, freight forwarding, customs brokerage service, industrial development, and marine services.
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 through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
