Fortinet, Inc. (FTNT) on Wednesday reported higher revenue but lower profit for the third quarter.
The cybersecurity firm reported $1.72 billion in revenue, a 14 percent increase over $1.51 billion in the same period the previous year. While service revenue increased 13 percent to $1.17 billion, product revenue increased 18 percent to $559 million.
Compared to $540 million a year earlier, net income fell 12 percent to $474 million. Compared to the previous year's quarter, earnings per share decreased to $0.62 from $0.70.
FTNT closed Wednesday's trading at $85.99, up $0.77 or 0.90 percent on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.