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Fortinet (FTNT) Stock Tumbles on Downbeat Guidance

NEW YORK (TheStreet) -- Shares of Fortinet (FTNT) are diving 11.03% to $33.07 in after-hours trading on Thursday after the company reported solid results for the 2016 second quarter, but provided a weak outlook.

After today's closing bell, the Sunnyvale, CA-based cyber security solutions company said it sees third quarter earnings per share between 17 cents and 18 cents on revenue of $319 million to $324 million, the Fly reports.

Analysts are modeling earnings of 18 cents per share on revenue of $320.15 million.

For 2016, Fortinet forecasts earnings per share between 69 cents and 71 cents on revenue of $1.27 billion to $1.28 billion, the Fly noted.

Analysts are looking...


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