To all invested in Fortinet: There is no reason to panic during today's after hours. Fortinet has beaten earnings per share of .08 when they announced eps of .09. Furthermore, $FTNT Fortinet Guides FY2011 EPS $0.36-0.37 vs. $0.35 Est; Revenues $395-410M vs. $401.53M Est. CLEARLY, anyone can see that Fortinet is still a growing company exceeding expectations both short and long term. RVBD reported a miss and got went down hard after hours. Let me be clear: FTNT is NOT RVBD! FTNT has a strong presence and continues to build its client base! Plus, it has a new product lineup for us to look forward to in the second half of the year. Again, NO REASON TO PANIC. Markets will correct themselves after panic and frenzy relinquish in the face of numbers, facts, and sleeping over night.
I should also add that the bookings number came below estimates from all the analysts, and at the very very low end of the company's guidance. That hasn't happened in forever, and as the citi note says, they have beaten bookings guidance by 6 to 10% every quarter for the last 4.