Fortinet (FTNT) reported earnings on Thur 26 Oct 17 (a/h)

** charts before earnings **

** charts after earnings **

 

Fortinet beats by $0.05, reports revs in-line; guides Q4 EPS in-line, revs below consensus 

• Reports Q3 (Sep) earnings of $0.28 per share, excluding non-recurring items, $0.05 better thanthe Capital IQ Consensus of $0.23; revenues rose 18.2% year/year to $374.2 mln vs the $370.67 mln Capital IQ Consensus. Product revenue was $137.1 million, an increase of 7% compared to $128.0 million in the same quarter of 2016. Service revenue was $237.1 million, an increase of 26% compared to $188.7 million in the same quarter of 2016.
• Total billings were $431.7 mln vs. $417-427 mln guidance.
• Co issues guidance for Q4, sees EPS of $0.28-0.30, excluding non-recurring items, vs. $0.28 Capital IQ Consensus Estimate; sees Q4 revs of $404-412 mln vs. $416.95 mln Capital IQ Consensus; billings $510-525 mln.