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Earnings Forecast Reports: Sprint Nextel, Fortinet, United States Steel, Apollo Group, Dean Foods, and Cree

October 18, 2012

VANCOUVER, British Columbia, Oct. 18, 2012 /PRNewswire/ — EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Sprint Nextel (NYSE:S), Fortinet (NASDAQ:FTNT), United States Steel (NYSE:X), Apollo Group (NASDAQ:APOL), Dean Foods (NYSE:DF), and Cree (NASDAQ:CREE).

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Report Highlights:

Sprint Nextel Corporation (NYSE:S): Sprint Nextel Corporation (NYSE:S) announced on Tuesday that Samsung Galaxy Note® II will be availability on Thursday, October 25 for US$300 with a two-year contract. It is Sprint’s first smartphone to run the latest Android 4.1 Jelly Bean operating system and has a quad-core processor. Japanese telecommunications giant Softbank Corporation is acquiring 70% of Sprint for more than US$20 billion. Moreover, Sprint recently said it doesn’t have any immediate plans to acquire Clearwire Corporation. Shares of Sprint began the trading session with a price of US$5.70 and throughout the session attained highs of US$5.80. When day-trade ended, the stock finally climbed 0.70% to US$5.73. In the past 52 weeks, Sprint share prices have been bracketed by a low of US$2.10 and a high of US$6.04, and are now at US$5.73 (173% above that low price). There were 94.84 million shares of Sprint exchanging hands as compared to its average daily volume of 99.97 million shares. Investors may want to find out where S will go from here. Observing comprehensive Sprint earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/101812A/S/Sprint.pdf

Fortinet, Inc. (NASDAQ:FTNT): For the third quarter ended September 30, 2012, Fortinet, Inc. (NASDAQ:FTNT) reported total revenue of US$136.3 million, up 17% from total revenue of US$116.4 million in the same quarter of 2011. GAAP net income for the third quarter was US$17.2 million, compared with GAAP net income of US$17.9 million in the prior-year quarter. Fortinet reported non-GAAP net income of US$23.2 million for the latest quarter, increased from US$21.7 million a year ago. Moreover, the provider of network security solutions yesterday unveiled its second generation FortiASIC-SoC2, which is expected to provide groundbreaking hardware-accelerated network security performance for FortiGate appliances. In the last trading session, shares of Fortinet tumbled US$4.66 (or -18.79%) to US$20.14. Fortinet has a market capitalization of US$3.19 billion with price range within US$17.54 – US$28.82 over the past 52 weeks. Abnormal trading volume of Fortinet was found reaching 20.84 million shares, 8 times heavier than usual day trading. Can Fortinet rebound from here? Want to monitor this company on an on-going basis? Investors could check Fortinet earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/101812A/FTNT/Fortinet.pdf

United States Steel Corporation (NYSE:X): At the close of the trading day, shares of United States Steel Corporation (NYSE:X) advanced US$0.70 per share (equivalent to 3.16%), where stock prices went up to US$22.83. The stock was traded above average volume with 14.06 million shares traded, 2.69 million shares more than its daily average. United States Steel’s low point in its 52-week range is US$17.67 per share, with US$32.52 as the 52-week high point. Its price, as of the latest close, was up 29.2% compared with the 52-week low and was 42.4% below the 52-week high. The company’s market capitalization after the recent close was US$3.29 billion. Do you think X will continue to advance? Do you think now is a good time to sell the stock? Investors could check United States Steel earnings forecast report here.

Read Full Report: http://www.earningforecast.com/PR/101812A/X/UnitedStatesSteel.pdf

Today EarningForecast.com also observed abnormal trade volume for the following companies; Check out the consensus earnings forecast reports below:

Apollo Group Inc. (NASDAQ:APOL):

Read Full Report: http://www.earningforecast.com/PR/101812A/APOL/ApolloGroup.pdf

Dean Foods Company (NYSE:DF):

Read Full Report: http://www.earningforecast.com/PR/101812A/DF/DeanFoods.pdf

Cree, Inc. (NASDAQ:CREE):

Read Full Report: http://www.earningforecast.com/PR/101812A/CREE/Cree.pdf

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Source: PR Newswire