Fortinet Inc. (FTNT) announced after the close Wednesday that it now expects to report first quarter non-GAAP EPS of $0.10, down from prior expectations of $0.10 to $0.11. Total revenue is expected to be in the $134 million to $136 million range compared to its prior guidance of $138 million to $141 million.
Fortinet gapped open sharply lower Thursday and is now down 3.83 at $18.02 on above average volume. The stock has dropped to over a 4-month low.
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