Fortinet shares are trading sharply higher in late trading Monday on much-better-than-expected results for the third quarter.

FORBES: Fortinet Spikes On Big Q3

Fortinet share have spiked in late trading Wednesday after the security software company posted better-than-expected Q4 results.

FORBES: Fortinet Shares Spike As Q4 Results Top Street Views

The companies that may benefit include small firms such as Check Point Software (CHKP), Fortinet (FTNT), and Sourcefire (FIRE).

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Yahoo also announced that it appointed as its new chief financial officer Ken Goldman, formerly CFO at cybersecurity software firm Fortinet.

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Fortinet, the largest security platform vendor, introduced several security intelligence features in its just announced FortiOS 5.0. including beaconing detection and in-line malware analysis.

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Since then, Moy says SonicWALL, Juniper, and Palo Alto have taken steps to find a fix for their products, while Cisco and Fortinet have been slow to act.

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Fortinet pre-announced disappointing March Quarter results after the close.

FORBES: Move up http://i.forbesimg.com t Move down

Shares of security software provider Fortinet are trading lower Tuesday after Baird analyst Jayson Noland cut his rating on the unified threat management company to Neutral from Outperform.

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Fortinet, the leading UTM vendor maintains the Forticlient.

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Many cyber-thieves who control botnets, large networks of home PCs compromised with a virus, were using them as a dedicated mining pool in a bid to generate bitcoins for themselves, said Derek Manky, senior security strategist at Fortinet.

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