Fortinet Reports Decent 4Q; Outlook for 2018 Is Largely in Line; Raising FVE to $36
Fortinet finished 2017 on a positive note with top line and margins coming in as we expected. The company maintained its long-term vision for 25% adjusted operating margin in 2022, which, however, doesn’t include the adoption of the ASC 606 Revenue Recognition Standard. The firm expects a 150 basis point positive impact on operating margin from this provision and thus, a potential uplift to the 25% long-term target. Another piece of positive news was a growth in average contract length to 26 mon...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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