Analysts See $0.08 EPS for Fortinet (FTNT); Crosslink Capital Boosted Its Amazon.Com (AMZN) Holding

June 27, 2017 - By Clifton Ray

Crosslink Capital Inc increased Amazon.Com (AMZN) stake by 11.7% reported in 2016Q4 SEC filing. Crosslink Capital Inc acquired 3,317 shares as Amazon.Com (AMZN)’s stock rose 13.58%. The Crosslink Capital Inc holds 31,672 shares with $23.75M value, up from 28,355 last quarter. Amazon.Com now has $470.95 billion valuation. The stock rose 0.10% or $1 reaching $994.98 per share. About 557,798 shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since June 27, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Analysts expect Fortinet Inc (NASDAQ:FTNT) to report $0.08 EPS on July, 27.They anticipate $0.05 EPS change or 166.67% from last quarter’s $0.03 EPS. FTNT’s profit would be $13.90 million giving it 117.66 P/E if the $0.08 EPS is correct. After having $0.07 EPS previously, Fortinet Inc’s analysts see 14.29% EPS growth. About 73,807 shares traded. Fortinet Inc (NASDAQ:FTNT) has risen 20.17% since June 27, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

Fortinet, Inc. is a network security company. The company has market cap of $6.54 billion. The Firm provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. It has a 164.12 P/E ratio. The Company’s network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats.

Among 30 analysts covering Fortinet Inc. (NASDAQ:FTNT), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Fortinet Inc. had 65 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 12. The rating was upgraded by Morgan Stanley on Tuesday, November 15 to “Overweight”. Goldman Sachs initiated the stock with “Conviction Buy” rating in Monday, March 21 report. The stock of Fortinet Inc (NASDAQ:FTNT) earned “Outperform” rating by FBR Capital on Friday, October 23. The firm earned “Buy” rating on Friday, October 28 by Needham. On Wednesday, April 27 the stock rating was maintained by Wunderlich with “Buy”. The stock of Fortinet Inc (NASDAQ:FTNT) earned “Buy” rating by BMO Capital Markets on Thursday, June 1. The company was upgraded on Thursday, July 23 by JP Morgan. The stock of Fortinet Inc (NASDAQ:FTNT) has “Outperform” rating given on Thursday, September 17 by Wells Fargo. The firm has “Buy” rating given on Wednesday, October 12 by Nomura.

Among 41 analysts covering Amazon.com (NASDAQ:AMZN), 38 have Buy rating, 0 Sell and 3 Hold. Therefore 93% are positive. Amazon.com had 144 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Tuesday, November 1 by Axiom Capital. As per Friday, July 29, the company rating was maintained by Benchmark. The firm has “Buy” rating given on Friday, July 29 by Mizuho. The rating was reinitiated by Nomura with “Buy” on Wednesday, September 28. The firm has “Buy” rating by Argus Research given on Thursday, September 22. The firm has “Buy” rating given on Wednesday, May 31 by J.P. Morgan. The rating was maintained by SunTrust with “Neutral” on Wednesday, October 5. The company was maintained on Friday, July 24 by Citigroup. As per Friday, July 29, the company rating was maintained by Axiom Capital. Mizuho maintained Amazon.com, Inc. (NASDAQ:AMZN) on Friday, September 23 with “Buy” rating.

Since February 15, 2017, it had 0 insider purchases, and 22 sales for $977.75 million activity. On Friday, May 5 the insider ALBERG TOM A sold $630,102. Olsavsky Brian T sold 2,333 shares worth $2.24 million. Another trade for 544 shares valued at $521,627 was made by Reynolds Shelley on Monday, May 15. $1.90M worth of stock was sold by WILKE JEFFREY A on Wednesday, May 10. 1,985 shares were sold by Jassy Andrew R, worth $1.90M. $1.99M worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Blackburn Jeffrey M on Monday, May 15. Shares for $478,028 were sold by Zapolsky David on Tuesday, May 2.

Crosslink Capital Inc decreased Equinix (NASDAQ:EQIX) stake by 11,660 shares to 31,700 valued at $11.33 million in 2016Q4. It also reduced Formfactor (NASDAQ:FORM) stake by 121,889 shares and now owns 871,394 shares. Lam Research (NASDAQ:LRCX) was reduced too.

Investors sentiment decreased to 1.26 in Q4 2016. Its down 0.03, from 1.29 in 2016Q3. It turned negative, as 126 investors sold AMZN shares while 478 reduced holdings. 157 funds opened positions while 606 raised stakes. 293.60 million shares or 2.70% less from 301.74 million shares in 2016Q3 were reported. Peddock Cap Advsr Ltd invested in 0.02% or 37 shares. Dubuque State Bank And Trust accumulated 398 shares. Regions Fincl accumulated 28,731 shares. Utd Fincl Bank has invested 0.1% in Amazon.com, Inc. (NASDAQ:AMZN). Cibc World Mkts invested in 39,583 shares. Schmidt P J Mngmt Inc reported 0.43% stake. 320 were accumulated by Reliant Ltd Limited Liability Company. Strategic Advsr Limited Liability Corporation has 0.85% invested in Amazon.com, Inc. (NASDAQ:AMZN). Outfitter Advisors Limited reported 1,170 shares or 0.35% of all its holdings. Summit Group Inc Incorporated Ltd Co accumulated 0.43% or 2,613 shares. The Oregon-based Baker Ellis Asset Management Ltd Company has invested 0.23% in Amazon.com, Inc. (NASDAQ:AMZN). Moreover, Baystate Wealth Management Lc has 0.04% invested in Amazon.com, Inc. (NASDAQ:AMZN). Adams Diversified Equity Fund reported 2.05% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Standard Life, United Kingdom-based fund reported 370,337 shares. Marathon Trading Investment Management Lc accumulated 1,400 shares or 0.12% of the stock.