On Thursday, Shares of Fortinet Inc (NASDAQ:FTNT), added 1.73% and closed at $31.19 in the last trading session. The last trading range of the stock ranges between $30.00 and $31.37. Fortinet® (FTNT), a global leader in high performance cyber security solutions, recently declared preliminary financial results for the third quarter ended September 30, 2016.
Based on preliminary financial information, Fortinet anticipates total billings1 to be in the range of $343 million to $348 million contrast to our formerly declared guidance of $372 million to $376 million. Fortinet also anticipates to report total revenue for the third quarter of 2016 in the range of $311 million to $316 million contrast to our formerly declared guidance of $319 million to $324 million. Non-GAAP diluted net income1 per share is expected to be $0.15 to $0.16 contrast to our formerly declared guidance of $0.17 to $0.18. Third quarter 2016 preliminary results are subject to change based on the completion of the Company’s quarter-end review process.
Fortinet’s Board of Directors has also authorized a $100 million increase to its existing share repurchase program, bringing the amount authorized under the current program to $300 million. During the third quarter of 2016, the company repurchased $25 million of common stock under its share repurchase program. During 2016, $75 million of common stock has been repurchased under the program, leaving $225 million available for share repurchases as of September 30, 2016.
Ctrip.Com International Ltd (ADR)(NASDAQ:CTRP), dropped -0.09% and closed at $46.31 in the last trading session. The last trading range of the stock ranges between $45.23 and $46.35. The company’s Market capitalization is $22.84 Billion with the total avg.vol of 5.72 million. Ctrip.com International, Ltd., together with its auxiliaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel administration in the Peoples Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and other related services, counting sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and flight dynamics. It also provides independent leisure travelers bundled packaged-tour products comprising group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, and self-driving. In addition, the company offers integrated transportation and accommodation services; various value-added services, such as transportation at destinations and tickets, insurance, visa services, and tour guides; supplier administration and customer relationship administration services; and car rental services. Further, it provides travel data collection and analysis, industry benchmark, cost saving analysis, and travel administration solutions; Corporate Travel Administration System, an online platform that integrates information maintenance, online booking and authorization, online enquiry, and travel report system. In Addition To, the company offers online advertising services; and sells Property Administration System, in addition to provides related maintenance services.
ING Groep NV (ADR)(NYSE:ING), dropped -1.37% and closed at $12.25 in the last trading session. The last trading range of the stock ranges between $12.08 and $12.32. During the 52-week trading session the minimum price at which share price traded, registered at $9.26 and reached to max level of $14.94. ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending, consumer lending, and lease products. It also provides mortgages; corporate, structured, and real estate financing services; financial markets products; and cash administration, transaction, and trade finance services, in addition to working capital solutions.