Fortinet Inc. (NasdaqGS:FTNT) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of shares. The shares will be repurchased from time to time in privately negotiated transactions or in open market transactions.

The actual timing, number and value of shares repurchased under the program will be determined by Fortinet management at its discretion, and will depend on a number of factors, including the trading price of the stock, and general market and business conditions and applicable legal requirements. This program does not oblige Fortinet to repurchase any shares under the authorization. The program may be suspended, discontinued or modified at any time, for any reason and without notice.

The program will continue till December 31, 2017.