Fortinet approves buyback of up to $200M shares

Fortinet approves repurchase of up to $200 million of its common stock

Associated Press

SUNNYVALE, Calif. (AP) -- Fortinet's board has approved its first repurchase program, which is for up to $200 million of its common stock.

The buybacks can be made through Dec. 31, 2014, the network security provider said Monday.

Fortinet Inc. is based in Sunnyvale, Calif.

Its stock added 28 cents to $17.98 in morning trading.

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