Rodney Nelson
Good morning. Welcome to Palantir s fourth-quarter 2020 earnings call. We ll be discussing the results announced in our press release issued prior to the market open and posted on our investor relations website. During the call, we will make statements regarding our business that may be considered forward-looking within applicable Securities laws, including statements regarding our first-quarter 2021 and multi-year outlook, management s expectations for our future financial and operational performance, and other statements regarding our plans, prospects, and expectations.
These statements are not promises or guarantees and are subject to risks and uncertainties which could cause them to differ materially from actual results. Information concerning those risks is available in our earnings press release distributed prior to market open today and in our SEC filings. We undertake no obligation to update forward-looking statements, except as required by law. Further, durin
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Fortinet Fourth Quarter 2020 Earnings Announcement. [Operator Instructions]
I would now like to hand the conference over to your host today, Peter Salkowski, Vice President of Investor Relations. Please go ahead.
Peter Salkowski
Vice President, Investor Relations
Thank you, Sarah. Good afternoon, everyone. This is Peter Salkowski, Vice President of Investor Relations at Fortinet. I am pleased to welcome everyone to our call to discuss Fortinet s fiscal results for the fourth quarter of 2020. Speakers on today s call are Ken Xie, Fortinet s Founder, Chairman and CEO; and Keith Jensen, our CFO. This is a live call that will be available for replay via webcast on our Investor Relations website.
Richard Davis
Thank you, and welcome, everyone, to Unity s financial results webcast. Today, we ll be highlighting our results for the fourth-quarter and for the full fiscal year of 2020. With me on the call today is John Riccitiello, president, chief executive officer, and executive chairman; and Kim Jabal, senior vice president and chief financial officer. Now one of our goals on this call is to help investors understand our business model and we re going to try to do this in an efficient manner.
So after the close, we published a shareholder letter with financial commentary and guidance. And on this call, we will begin with brief remarks from John, then we will answer questions that we collected and consolidated from analysts, investors and investors. And finally, time permitting, we ll have the last 10 minutes or so for panelists to ask questions additional questions. So let s go on to the safe harbor statement.
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Analyst Downgrades and Other Red Flags Are Bearish for Palantir Given the high valuation of PLTR stock and two bearish anecdotes, PLTR stock remains a sell Jan 21, 2021, 3:59 pm EDT January 21, 2021
Palantir Technologies (NYSE:
PLTR). What’s more, there is an additional red flag that’s come up in my analysis aof the company. As such, I continue to recommend that longer-term investors sell their shares of PLTR stock.
Source: rblfmr / Shutterstock.com
Over the last month, Citi and Credit Suisse both downgraded the shares to a sell rating or the equivalent. Both firms cited valuation as one of the key reasons for their decision. And they raised other concerns as well, like a large supply of shares becoming free to trade on the market.