not really - I have been around for 15 years and will stay here even longer I guess
Here we go:
Fortinet downgraded to Sector Perform from Outperform at Pacific Crest
company is sacrificing even more margin and cash flows in order to fuel growth - some analysts sound really puzzled on the call.
Given the share price I would expect at least one or two downgrades tomorrow
the early price action was not about the absolutely abysmal quarter...management on the call projected yet again better times ahead going forward with the company to regain profitability. But obviously there are not many people out there who believe in management's projections anymore.
ok - they decided to underdeliver because of having been criticized for that - great joke
in the red now - would expect the shares to be below $1 next quarter and finally to end up in bankruptcy next year
shorted some shares in the $1.70s - would expect the shares to continue its slide
Given the history of the company I would not belive a single word.
Fiberlan revenues still meaningless.
Gross margins abysmal.
Cash down heavily.