On November 7, Fortinet reported third-quarter income of $1.51 billion, up 13%, topping the consensus estimate of $1.48 billion. Product income was up 1.7% to $473.9 million. Service income grew 19.1% to $1.03 billion. Billings of $1.58 billion have been up 6.1%. The corporate expects fourth-quarter income of $1.56 billion-$1.62 billion versus a consensus of $1.59 billion. […]
