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Fortinet (FTNT) Stock Slumping Despite Earnings Beat

NEW YORK (TheStreet) -- Shares of Fortinet Inc. (FTNT - Get Report) are declining by 21.16% to $34.09 on heavy trading volume on Friday afternoon, following the cyber security solutions provider's fiscal 2015 third quarter earnings results, which were released after the market close last night.

The company's third quarter non-GAAP earnings came in at 14 cents per share on revenue of $260.1 million.

Analysts surveyed by Thomson Reuters were looking for earnings of 12 cents per share on revenue of $258.8 million for the most recent quarter.

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