secwatch.observer — SEC 8-K summary
======================================

Issuer:     Fortinet, Inc. (FTNT)
CIK:        0001262039
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001262039-21-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortinet Q3 revenue $867M (+33% YoY); billings exceed $1B for first time
------------------------------------------------------------------------

- Product revenue $337M (+51% YoY); service revenue $530M (+24% YoY).
- GAAP EPS $0.97; non-GAAP EPS $0.99; cash flow from ops $398.8M.
- Board authorized $1.25B increase in share repurchase program (total ~$2B remaining).
- Q4 revenue guidance $940M-$970M; non-GAAP EPS $1.10-$1.15.
- FY2021 revenue guidance raised to $3.32B-$3.35B; billings $4.04B-$4.09B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262039/000126203921000027/0001262039-21-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262039/000126203921000027/ftnt-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001262039-21-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer