More on Fortinet's Q3: Deferred revenue rose by $8.7M Q/Q to $340.1M, and billings rose 22% Y/Y...

|By:, SA News Editor

More on Fortinet's Q3: Deferred revenue rose by $8.7M Q/Q to $340.1M, and billings rose 22% Y/Y to $145M (above revenue of $136.3M). But the company is guiding for Q4 revenue of $142M-$146M and EPS of $0.15, below a consensus of $146.2M and $0.16. That's a major problem given shares were all but priced for perfection. The pending departure of well-respected CFO Ken Goldman to Yahoo is likely heightening concerns. FTNT -17.6% AH. FIRE -1%. (PR)