On Wednesday, Shares of Fortinet Inc (NASDAQ:FTNT), subtract -10.06% and closed at $30.66 in the last trading session. The last trading range of the stock ranges between $29.00 and $31.07. The company’s Market capitalization is $5.16 Billion with the total Outstanding Shares of 172.69 million. During the 52-week trading session the minimum price at which share price traded, registered at $23.16 and reached to max level of $44.63. 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.
JetBlue Airways Corporation (NASDAQ:JBLU), dropped -0.50% and closed at $17.77 in the last trading session. The last trading range of the stock ranges between $17.71 and $18.29. The company’s Market capitalization is $5.76 Billion with the total Outstanding Shares of 324.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $14.76 and reached to max level of $27.00. JetBlue Airways Corporation (JBLU) stated its preliminary traffic results for September 2016. Traffic in September raised 10.8 percent from September 2015, on a capacity increase of 7.9 percent.
Load factor for September 2016 was 83.2 percent, a boost of 2.1 points from September 2015. JetBlue’s preliminary completion factor was 99.5 percent and its on-time (1) performance was 78.7 percent. JetBlue’s preliminary revenue per available seat mile (RASM) for the month of September reduced about two percent year over year. For the third quarter of 2016, RASM is expected to decrease between three and four percent year over year, in line with prior expectations.