Fortinet Reports Third Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
Fortinet (FTNT) Tops Q3 EPS by 11c, Revenues Beat; Offers Q4 & FY19 EPS/Revenue Guidance Above Consensus
October 31, 2019 4:21 PM EDTFortinet (NASDAQ: FTNT) reported Q3 EPS of $0.67, $0.11 better than the analyst estimate of $0.56. Revenue for the quarter came in at $547.5 million versus the consensus estimate of $532.52 million.
Third Quarter 2019 Highlights
Total revenue of $547.5 million, up 21% year over yearProduct revenue of $197.1 million, up 20% year over yearBillings of $626.6 million, up 19% year over year1Deferred revenue of $1.95 billion, up 26% year over yearGAAP operating margin of 18%, up 450 basis points year over yearNon-GAAP operating margin of 26%, up 250 basis points year over year1GAAP diluted net income per... More