This week's biggest % winners & losers : Feb 6 - 10, 23 (wk 6)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: OMER (5.05 +63.43%), CSII (19.73 +34%), CTLT (70.62 +25.99%), GLYC (3.46 +11.81%)
• Industrials: BLBD (19.92 +33.24%), ARCB (100.6 +16.03%), NVT (44.62 +10.86%)
• Information Technology: NEWR (76.00 +17.52%), FTNT (59.55 +12.36%), MMS (83.93 +12.12%), AYX (63.16 +11.35%)
• Financials: EHTH (9.00 +21.46%)
• Energy: DHT (10.34 +22.08%), NGL (2.09 +20.81%), BP (40.74 +15.89%), STNG (57.37 +14.39%), EQNR (33 +13.36%)

This week's top % losers

• Healthcare: GMED (59.84 -24.85%), CGC (2.28 -21.91%), NVTA (2.09 -20.23%)
• Industrials: AZUL (5.1 -24.67%), BV (6.51 -22.5%), GOL (2.43 -19.97%)
• Consumer Discretionary: CPRI (50.06 -26.34%), CVNA (10.93 -24.39%), BBBY (2.37 -22.3%), FOSL (4.47 -20.83%), CHGG (16.94 -20.64%), SFIX (4.19 -20.44%), GRPN (7.09 -19.25%)
• Information Technology: LYFT (10.31 -40.68%), TWOU (9.86 -23.03%)

Fortinet (FTNT) reported earnings on Tue 7 Feb 23 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 

Fortinet beats by $0.05, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY23 EPS in-line, revs above consensus 

• Reports Q4 (Dec) earnings of $0.44 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.39; revenues rose 33.1% year/year to $1.28 bln vs the $1.3 bln S&P Capital IQ Consensus.
• Co issues in-line guidance for Q1, sees EPS of $0.27-0.29, excluding non-recurring items, vs. $0.28 S&P Capital IQ Consensus; sees Q1 revs of $1.18-1.22 bln vs. $1.18 bln S&P Capital IQ Consensus.
  • Billings in the range of $1.415 billion to $1.465 billion
  • Non-GAAP gross margin in the range of 75.0% to 76.0%
  • Non-GAAP operating margin in the range of 23.0% to 24.0% 
• Co issues guidance for FY23, sees EPS of $1.39-1.41, excluding non-recurring items, vs. $1.39 S&P Capital IQ Consensus; sees FY23 revs of $5.37-5.43 bln vs. $5.35 bln S&P Capital IQ Consensus.
  • Billings in the range of $6.710 billion to $6.790 billion
  • Non-GAAP gross margin in the range of 75.0% to 76.0%
  • Non-GAAP operating margin in the range of 25.0% to 26.0%

Earnings this week : Feb 6 - 10, 23 (wk 6)

Monday (Feb 6)

• Morning:  AMG CNA CMI ENR IDXX NBIX ON TKR TSN
• Afternoon: ATVI ACM AOSL BRBR CHGG CINF DIOD FN KMT KFRC LEG NOV PINS POWI RMBS SPG SSD SKY SWKS SAVE TTWO UDR VRNS ZI

Tuesday (Feb 7)

• Morning: ADNT AGCO ARMK ARCC BP BV CG CARR CTLT CNC CTS DCPH DD FISV IT GPK HAE HAIN HLNE HTZ INCY J KKR LIN MAC MBUU MSGS NVT OMF PINC RCL SCSC SPR TDG VVV XYL
• Afternoon:  AMCR AIZ ATO BKH CSL CMG CNO CCK DEI EGP EHC ENPH ESS EEFT EXEL FMC FTNT FRSH HRB PEAK HIW HMN ICHR ILMN INSP JKHY RAMP LUMN MODN NCR NEWR OMC PAYC PRU QGEN RRR RXO SIMO SSNC TENB VFC VRTX VSAT VOYA WERN WU YUMC ZWS

Wednesday (Feb 8)

• Morning:  BDC BXMT BG CPRI CDW CRNC CME COHR COTY CRTO CVS D ETN EPC EMR FOXA GPRE INGR NYT PAG PFGC PERI RDWR REYN RITM SITC TRMB UBER VSH YUM
• Afternoon:  ME AEIS AFRM AB NLY APP ASGN AVB ACLS AZEK CDAY CXW DHT APPS ENS NVST EFX EQH EQC ESE RE FRT FR FLT FLNC FORM FWRD ULCC GT HI HPP PI IFF FROG LNC MAT MMS MGM MC MOH MPWR ORLY PTEN PYCR PDM PPC PAA QNST RDN RPD REXR HOOD SON SONO STE STC SLF THC TTMI TWO DIS WTS XPO

Thursday (Feb 9)

• Morning: ABBV APO MT ARES AZN BAX BWA BRKR CCJ CGC CSII CIGI CYBR DBD DUK ESMT FAF GTES HLT HIMX HII NSIT NSP IPG ITT K KIM LITE MAS MDU MSGE NNN PATK PEP PM PDS RL SPGI SEE SSTK SWI TPR TTGT TU TPX TRI WMG WEX WTW
• Afternoon:  AYX BE BHF CBT CC NET ROAD OFC CRSR COUR CUZ DXCM DOCS EQR EXPE FLO G KN LGF.A LYFT MTD MHK MSI NWSA ONTO OSCR PYPL PECO PRO QLYS RBC REG SPSC STEP TEX MODG VTR VRSN YELL YELP

Friday (Feb 10)  

• Morning:  ENB ESNT FTS GPN IQV MGA COOP NWL PRLB SXT SPB SLVM WPC

Fortinet (FTNT) reported earnings on Thur 6 Aug 20 (a/h)

 ** before earnings **

** charts after earnings **

Earnings this week : August 3 - 7, 20 (wk 32)

Monday (Aug 3)

• Morning: CLX CMS CNA EME GPN LGND CLI MPC MCK MCY MPLX NNN NBL TKR TSN
• Afternoon: AIG BRKR BWXT CWST CHGG CRUS FANG DLB PLOW EMN FIVN FBM FRPT HHC H ICHR IR INVH ITRI KMPR KMT KLACRMBS RRC O RBC REG RNG SBAC SEDG STE SYKE TTWO THC TXRH TREX VVV VNOM SPCE WMB

Tuesday (Aug 4)

• Morning: ACM ATI AMRN AMCX AME ARMKBMCH BP CNK CYBR DEA EPC ESI EMR AQUA EXC EXPD FIS FI IT THRM HEES HAE HLNE HSIC IAA INCY INGR IPHI XENT IGT IPGP JELD KKR LCII LEA LDOS TREE LGIH MNK PRIM RCM RL RHP SPNS BLD TDG USCR USFD VSH VMC WEC WBT WRK ZBH
• Afternoon: ACHC ATVI ALSN ALL ANET BYND BMRN BOOT CDLX CDNA CDK CNO COHR CMP CORT DK DVN ENTA ENPH ETH EVER EVTC EXR FOE FNF FMC FOXA GTES GLUU LOPE GDOT PEAK ICFI IOSP INGN INSP NVTA JAZZ KTOS LC LPSN LMNX MTCH MODN MNST NKLA NPTN NEWR NUVA ONTO OMI ORCC PAYC PAA PLNT PPD PUMP PRU RGA TSLX TRHC TRUP TWLO UPWK VRSK DIS WU WW WYNN

Wednesday (Aug 5)

• Morning: AEIS GOLF ALE ABC ARES ASTE ATH AVA BCOR BWA BV CPRI CDW FUN CRL CLH CVS DISCA ERJ ENBL ENR EVRG EVOP EXTR FVRR GCP GEL ROCK HSC HEP HMC HZNP HUM INMD IONS KAR LL MTG MIDD MRNA NYT NXST NLSN NI DNOW ODP PSN PRGO REGN REYN SRE SBGI SR STWD STOR SSYS TCP TEVA TRI VCEL VST WD W WEN WWW
• Afternoon: ACAD DDD ADT ADTN ATSG ALRM ALB DOX UHAL AEL AWK ANSS ARNA ATO BTG BLDP BNFT BFAM CCMP CWH CVNA CTL CDAY CF CHX CHNG XEC COLL CPA CXW CTVA CCRN CSGS CUB DAR DCP ELF ECPG ENDP ET PLUS EPR WTRG ETSY RE FSLY FATE FRT FISV FOXF FNV FTDR GBT GMED GDDY HR HI TWNK HUBS IAG IMMU INFN INSG JACK KBR KRO LHCG LNC LYV MFC MRO MATX MBI MET MWA NTRA NVRO LASR MNIH NUS NUAN OLN OHI OSUR OR OUT PAAS PK PE PDCE PVG PRI PGNY PTCT PSA QTWO KWR RYN RCII RMD ROKU RGLD SGMO SRPT SILK SONO SJI SQ STAA SUN SPWR SYNA TTGT TRMB TWO VAR VSLR VOYA HCC WELL WDC ZIXI ZGNX ZNGA

Thursday (Aug 6)

• Morning: AAON ABMD ACIW ADNT WMS AES ALNY AEP AMRX AAWW BLL BHC BDX BMY CNQ CAH ECOM LNG CHH CWEN CCOI CFX COMM CORE CRON XRAY EPAM EXLS FLI GTN HL HLT HIMX IBP NTLA IDCC IRM IRWD JLL KELYA KTB LAMR LAUR LXP MMS MYL EYE NICE NOMD NCLH OGE PCRX PZZA PH PENN DOC PNW PLUG PBH PWR QSR STNG SEE SERV SRCL SYNH TRGP TEN MEET SHYF THS USPH VGR VER VIAC VSTO VG WLK WIX YETI ZTS
• Afternoon: AL XLRN LNT ALTR AYX AMH COLD AMN AINV APPN AGO AVT AAXN AXNX BECN BL BKNG EPAY BHF CABO CBT CZR CATM CARG CHUY NET ED CNDT CUBE CWK DDOG DRH DBX DXC EDIT ENV EOG EB EVBG EXEL FGEN FSLR FLO FTNT GPRO GRPN GH GWPH HTA HLF ILMN PODD IRTC LSI LFG.A LTHM LVGO MAIN MTW MMI MHK MSI NFG NSA NKTR NNI NWSA NDLS NLOK OTEX PCT PLYA POST PRAA PRAH PBYI RPD ROLL RMAX RGNX RSG RBA STMP SLF SVMK SWCH TMUS TLND TDC REAL TTD TPIC TRIP TRUE TWST UBER OLED UPLD ECOL VSAT WCM WWD YELP ZG ZIOP

Friday (Aug 7)

• Morning: CSIQ CNNE ROAD HMSY TILE KIM MGA NJR NWN SABR VTR VIRT

Earnings spotlight: 

• McKesson (NYSE:MCK), Marathon Petroleum (NYSE:MPC), Tyson Food (NYSE:TSN), AIG(NYSE:AIG), Tenet Healthcare (NYSE:THC) and Dish Network (NASDAQ:DISH) on August 3; 
• BP (NYSE:BP), US Foods (NYSE:USFD), Exelon (NASDAQ:EXC), Prudential (NYSE:PRU), Disney (NYSE:DIS), Allstate (NYSE:ALL), Ralph Lauren (NYSE:RL) and Fox Corporation (NASDAQ:FOXA) on August 4; 
• Honda (NYSE:HMC), CVS Health (NYSE:CVS), Humana (NYSE:HUM), Wayfair (NYSE:W), Wendy's (NASDAQ:WEN), MetLife (NYSE:MET) and Western Digital (NASDAQ:WDC) on August 5; 
• Cardinal Health (NYSE:CAH), Bristol-Myers (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Mylan (NASDAQ:MYL), Yeti (NYSE:YETI), T-Mobile (NASDAQ:TMUS), Con Edison (NYSE:ED) and Uber (NYSE:UBER) on August 6; 
• Magna International (NYSE:MGA), Domtar (NYSE:UFS) and Canadian Solar (NASDAQ:CSIQ) on August 7.

Fortinet (FTNT) reported earnings on Thur 31 Oct 19 (a/h)

** charts after earnings **

 Fortinet beats by $0.11, beats on revs; op margins outpace expectations; guides Q4 above

Reports Q3 (Sep) earnings of $0.67 per share, excluding non-recurring items, $0.11 better than the S&P Capital IQ Consensus of $0.56; revenues rose 20.6% year/year to $547.5 mln vs the $533.55 mln S&P Capital IQ Consensus.

• Billings of $626.6 million, up 19% year over year (Guidance $600-615 mln)
• Deferred revenue of $1.95 billion, up 26% year over year.
• Non-GAAP operating margin of 26%, up 250 basis points year over year (Guidance 23.0-23.5%)

Co issues upside guidance for Q4, sees EPS of $0.69-0.71 vs. $0.65 S&P Capital IQ Consensus; sees Q4 revs of $595-610 mln vs. $585.82 mln S&P Capital IQ Consensus.

• Billings in the range of $750 million to $765 million;
• Non-GAAP gross margin in the range of 75.5% to 76.5%;
• Non-GAAP operating margin in the range of 25.5% to 26.0%

Fortinet (FTNT) reported earnings on Thur 26 Oct 17 (a/h)

** charts before earnings **

** charts after earnings **

 

Fortinet beats by $0.05, reports revs in-line; guides Q4 EPS in-line, revs below consensus 

• Reports Q3 (Sep) earnings of $0.28 per share, excluding non-recurring items, $0.05 better thanthe Capital IQ Consensus of $0.23; revenues rose 18.2% year/year to $374.2 mln vs the $370.67 mln Capital IQ Consensus. Product revenue was $137.1 million, an increase of 7% compared to $128.0 million in the same quarter of 2016. Service revenue was $237.1 million, an increase of 26% compared to $188.7 million in the same quarter of 2016.
• Total billings were $431.7 mln vs. $417-427 mln guidance.
• Co issues guidance for Q4, sees EPS of $0.28-0.30, excluding non-recurring items, vs. $0.28 Capital IQ Consensus Estimate; sees Q4 revs of $404-412 mln vs. $416.95 mln Capital IQ Consensus; billings $510-525 mln.

Fortinet (FTNT) lowers Q3 revenue outlook

 

Fortinet lowers Q3 revenue outlook to $311-316 mln vs. $322.4 mln Capital IQ Consensus Est, down from $319-324 mln, lowers EPS to $0.15-0.16 vs. $0.18 consensus, from $0.17-0.18; co also authorized a $100 million increase to its existing share repurchase program :

• Based on preliminary financial information, Fortinet expects total billings1 to be in the range of $343-348 mln compared to its previously announced guidance of $372-376 mln
• Co said, "Our third quarter results were primarily impacted by the lengthening of deal cycles as enterprises are becoming more strategic with their purchasing decisions and buying with less urgency than last year. We also encountered sales execution challenges in the North America resulting from the newness of our sales organization, as well as macro issues in Latin America and the U.K. Though we are disappointed with our third quarter performance, we continue to feel good about our competitive-differentiating and market-leading security fabric. We remain confident in the underlying strength of our business and long-term growth opportunity, and committed to delivering returns to our shareholders."
• Shares of FTNT initially tanked 18% to $28/share following this guidance
• Peers including FireEye (FEYE) Palo Alto Networks (PANW), and Checkpoint (CHKP)  were lower in sympathy after hours.

Wed 12 Oct 2016

PFPT -4.3% (in sympathy with FTNT)

PANW -3.5% (in sympathy with FTNT)

CHKP -3.4% (in sympathy with FTNT)

IMPV -2.6% (in sympathy with FTNT)

CYBR -2.5% (in sympathy with FTNT)

CSCO -0.8% (in sympathy with FTNT, through Symantec unit)

** charts before guidance **