Fortinet Jumping After Earnings, Mentioned By Cramer (FTNT)

Shares of Fortinet, Inc. FTNT are near their highs of the day, after reporting earnings that blew away analysts estimates. The company reported earnings of 18 cents per share, compared with the 11 cents Wall Street was expecting. Revenue was also sharply higher, as the company reported 29% year-over-year growth at $85 million. Analysts' estimates were for $76.94 million. Fortinet has been mentioned as a potential takeover target by Jim Cramer. At last check, shares of FTNT were up $4.47 to $29.17, a gain of 18.1%.