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Fortinet Inc. Message Board

  • cyoung8404 cyoung8404 Dec 2, 2013 12:36 PM Flag

    When the momentum swings, this could take off

    Shorts appear to have massively jumped in on this CFO departure. Considering the sell off without any real news affecting the company's finances, products, and operations, I believe savvy investors will seize the opportunity to take advantage of the situation. When the shorts take their profits and run, the covering should add a nice impetus to the stocks rise. FTNT could always speed the process up by announcing a stock buyback. It would bolster confidence in the company, and it would directly add to the bottom line. Investing in your own company is often the best investment a company can make.

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    • Cyoung-
      No buybacks, that would be a big negative not a good thing. Cash, of which they have $900 million, is far and away better used on R&D, smaller acquisitions, employee training or bonuses. Getting rid of cash is not a signof anything other than youreyou're out of ideas.
      Will wait for it to turn green before buying more... March calls look good here though.

 
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39.29+0.50(+1.29%)May 22 4:00 PMEDT