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Fortinet, Inc. (NASDAQ: FTNT) is a leading global provider of network security appliances and the market leader in unified threat management (UTM). Headquartered in Sunnyvale, California, Fortinet develops comprehensive cybersecurity solutions that help businesses protect against dynamic security threats while simplifying IT security infrastructure. The company's flagship product, FortiGate, offers ASIC-accelerated performance and integrates multiple layers of security to safeguard against application and network threats. Fortinet's extensive product line extends beyond UTM to secure the entire enterprise, from endpoints to the core network, including databases and applications.
Fortinet's platform-based cybersecurity offerings cover network security, cloud security, zero-trust access, and security operations. The company generates most of its revenue through sales of its subscription and support-based services. With over 700,000 customers worldwide, including many from the 2010 Fortune Global 100, Fortinet has established itself as a trusted cybersecurity provider for enterprises, service providers, and government entities globally.
Recent achievements include the launch of the FortiGate Rugged 70G with 5G Dual Modem, designed for industrial environments and remote ATMs. This new product merges enterprise-grade threat protection with high-performing networking capabilities, ensuring high availability and secure connectivity in extreme conditions. Fortinet's commitment to innovation is evident in its continuous development of the FortiOS, the industry's most powerful network security operating system. The latest version, FortiOS 7.6, introduces new generative AI features, enhanced data protection, and managed services to help customers mitigate risks and simplify network management.
Financially, Fortinet has shown strong performance. For the fourth quarter of 2023, the company reported significant growth in Security Operations billings and SASE billings, driven by a successful sales strategy shift and improved execution. The firm's platform strategy continues to resonate with enterprises worldwide, positioning Fortinet as a leader in secure networking and firewall solutions.
Fortinet is also committed to closing the global cybersecurity skills gap. Through the Fortinet Training Institute, the company offers extensive training programs and has made remarkable strides in providing cybersecurity education to underserved communities, including women and veterans. Fortinet's collaboration with various public and private entities further emphasizes its dedication to enhancing global cyber resilience.
Learn more about Fortinet's innovations, financial highlights, and commitment to cybersecurity at Fortinet.com.
Fortinet's Secure SD-WAN solution has been implemented by Home Hardware, a prominent Canadian retailer, to enhance the performance of business-critical applications and streamline network management across its 1,100 dealer locations. The integration addresses challenges posed by legacy network systems while ensuring compliance with PCI standards. Key benefits include improved user experience, simplified operations, and reduced complexity, enabling secure access to cloud applications. This partnership reflects Fortinet’s commitment to driving digital transformation in complex environments.
Fortinet (NASDAQ: FTNT) announced a conference call scheduled for February 3, 2022, at 1:30 PM PT to discuss its fourth quarter 2021 financial results. This event will be accessible via the company's investor relations website and through specific dial-in numbers. Participants are advised to connect at least 15 minutes early. Fortinet remains a leader in cybersecurity, serving over 550,000 customers globally, and continues to expand its Fortinet Security Fabric platform to provide comprehensive protection across digital ecosystems.
Fortinet (NASDAQ: FTNT) announced that seven new managed service providers (MSSPs) have adopted its Secure SD-WAN solution, enhancing their service offerings. This integration facilitates security-driven networking to address the needs of businesses facing digital acceleration and remote work challenges. Fortinet's technology allows MSSPs to deliver high-value, managed security services, helping them tap into new market opportunities. The latest solution has garnered recognition for its performance and effectiveness in the cybersecurity landscape.
Fortinet (NASDAQ: FTNT) has been added to the Nasdaq-100 Index, effective December 20, 2021. This inclusion marks a significant milestone for the company, reflecting its robust market position and growth potential in the cybersecurity sector. Fortinet’s innovative security solutions and ASIC-supported platform are expected to drive long-term growth as the network security market expands to the cloud and remote work environments. The Nasdaq-100 Index recognizes leading non-financial companies based on market capitalization.
Fortinet (NASDAQ: FTNT) has been recognized as a Visionary in the 2021 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure for the second consecutive year. This acknowledgment highlights Fortinet's dedication to innovation and its ability to integrate security features with its LAN Edge solution, which utilizes AI and machine learning. The solution offers built-in Network Access Control (NAC) and aims to reduce total cost of ownership (TCO) while simplifying management and improving performance across networks.
Fortinet has announced a multi-year partnership with the European Tour, acting as both the Official Tour Partner and Official Cybersecurity Partner. This collaboration aims to enhance the Tour’s digital innovation through Fortinet's advanced security solutions. With events attracting up to 25,000 attendees daily, Fortinet will provide its Security Fabric platform to improve security analytics and response capabilities while implementing a zero-trust approach. The partnership also extends to protecting the Tour's hybrid cloud environment, enhancing operational speed and security control.
Fortinet announced an expanded collaboration with Microsoft to integrate its FortiGate-VM and Secure SD-WAN with Microsoft Azure Virtual WAN. This integration enables advanced security policies for virtual WAN traffic, promoting simplified and secure cloud operations. Notable benefits include one-click deployment, advanced security features for data transport, and enhanced interconnectivity across hybrid and multi-cloud environments. Organizations can leverage Fortinet's capabilities to address digital innovation while minimizing complexity.
Fortinet (NASDAQ: FTNT) has forecasted significant changes in the cybersecurity landscape for 2022 and beyond. Cybercriminals are evolving their tactics, increasingly resembling advanced persistent threat (APT) groups. Predictions include a rise in destructive ransomware attacks, enhanced reconnaissance efforts, and the use of AI for deep fakes and social engineering. FortiGuard Labs emphasizes the need for organizations to adopt a Security Fabric platform based on a cybersecurity mesh architecture to defend against these evolving threats.
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