Analysts See $-0.13 EPS for CounterPath (CPAH); Rainier Investment Management Cut Its Fortinet (FTNT) Stake

December 7, 2017 - By Stephen Andrade

Analysts expect CounterPath Corporation (NASDAQ:CPAH) to report $-0.13 EPS on December, 13.They anticipate $0.01 EPS change or 8.33% from last quarter’s $-0.12 EPS. After having $-0.11 EPS previously, CounterPath Corporation’s analysts see 18.18% EPS growth. The stock increased 5.79% or $0.125 during the last trading session, reaching $2.285. About 1,610 shares traded. CounterPath Corporation (NASDAQ:CPAH) has declined 12.94% since December 7, 2016 and is downtrending. It has underperformed by 29.64% the S&P500.

Rainier Investment Management Llc decreased Fortinet Inc (FTNT) stake by 40.12% reported in 2017Q2 SEC filing. Rainier Investment Management Llc sold 89,900 shares as Fortinet Inc (FTNT)’s stock rose 6.90%. The Rainier Investment Management Llc holds 134,180 shares with $5.02M value, down from 224,080 last quarter. Fortinet Inc now has $7.18B valuation. The stock increased 0.46% or $0.19 during the last trading session, reaching $41.29. About 1.26M shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 20.17% since December 7, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

CounterPath Corporation designs, develops, markets, and sells software applications and related services in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company has market cap of $12.55 million. The companyÂ’s software applications and related services enable enterprises and telecommunication service providers to deliver voice, video, and messaging and collaboration functionality over their Internet protocol and based networks. It currently has negative earnings. The Company’s products include Bria softphone suite, which enables clients and business users to make voice over Internet protocol audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards VoIP softphone application that runs on desktop computers.

Analysts await Fortinet, Inc. (NASDAQ:FTNT) to report earnings on February, 1. They expect $0.15 EPS, down 16.67% or $0.03 from last year’s $0.18 per share. FTNT’s profit will be $26.08M for 68.82 P/E if the $0.15 EPS becomes a reality. After $0.16 actual EPS reported by Fortinet, Inc. for the previous quarter, Wall Street now forecasts -6.25% negative EPS growth.

Among 34 analysts covering Fortinet Inc. (NASDAQ:FTNT), 26 have Buy rating, 1 Sell and 7 Hold. Therefore 76% are positive. Fortinet Inc. has $56 highest and $27 lowest target. $39.96’s average target is -3.22% below currents $41.29 stock price. Fortinet Inc. had 93 analyst reports since July 23, 2015 according to SRatingsIntel. Cowen & Co maintained Fortinet, Inc. (NASDAQ:FTNT) on Wednesday, September 6 with “Buy” rating. The firm has “Buy” rating given on Friday, January 29 by Dougherty & Company. RBC Capital Markets maintained Fortinet, Inc. (NASDAQ:FTNT) rating on Wednesday, October 12. RBC Capital Markets has “Sector Perform” rating and $30 target. As per Wednesday, June 21, the company rating was maintained by Oppenheimer. The rating was maintained by Stifel Nicolaus on Monday, July 17 with “Hold”. The firm earned “Buy” rating on Wednesday, October 12 by Goldman Sachs. JMP Securities maintained the shares of FTNT in report on Wednesday, October 12 with “Market Outperform” rating. The company was maintained on Thursday, August 31 by BMO Capital Markets. Oppenheimer maintained the shares of FTNT in report on Thursday, July 27 with “Buy” rating. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Sell” rating given on Tuesday, September 5 by Credit Suisse.

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