Investopedia: Fortinet Secures Another Beat

All an investor in high-multiple stories can ask for is a continuation of a strong growth story, complimented with beat-and-raise quarters. Luckily, Fortinet (Nasdaq:FTNT) provided that in the fourth quarter. While there's still a lot of growth potential in security appliances, investors may want to ask themselves just how much success is already built into this stock.

Nothing Really Amiss in the Fourth Quarter  
Fortinet's growth story continued apace in the fourth quarter. Reported revenue rose 29% this quarter (and 4% from the third quarter), as product led the way (up 40 and 8%) over services (up 27 and 6%). Just as important is deferred revenue that rose 17%, while billings were up 27% - accelerating from the 25 and 23% growth seen in the third and second quarter, respectively.

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http://stocks.investopedia.com/stock-analysis/2012/Fortinet-Secures-Another-Beat-FTNT-CSCO-CHKP-JNPR0202.aspx