Welcome to our dedicated page for Fortinet news (Ticker: FTNT), a resource for investors and traders seeking the latest updates and insights on Fortinet stock.
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 Federal, a subsidiary of Fortinet (NASDAQ: FTNT), announced that 26 additional Fortinet Security Fabric solutions have achieved Department of Defense Information Network (DoDIN) Approved Products List certification. This certification allows these products to be sold to DoD agencies, enhancing cybersecurity capabilities. Additionally, the Defense Information Systems Agency published a FortiGate Security Technical Implementation Guide (STIG), offering DoD administrators guidance for secure deployment. These advancements support the U.S. government's mission-critical cybersecurity needs.
Fortinet (NASDAQ: FTNT) has released a new book titled Fight Fire with Fire: Proactive Cybersecurity Strategies for Today’s Leaders, authored by Renee Tarun and fourteen female cybersecurity leaders. The book aims to address the growing cybersecurity skills gap and evolving threats by offering actionable strategies for security leaders. With a call to train 1 million people in cybersecurity over five years, Fortinet emphasizes the importance of diversity in the workforce to combat cyber threats effectively. The book outlines a holistic approach involving people, processes, and technology.
Telefónica Tech and Fortinet (NASDAQ: FTNT) are enhancing their strategic alliance with the launch of flexWAN by Fortinet, a managed service that combines networking and security features. This new service will first be available in Spain and will expand globally across Telefónica's footprint in Europe and the Americas. The initiative aims to provide secure, high-performance connectivity for users working both in-office and remotely. This integration is a response to the growing demand for secure cloud migration and digital transformation in a hybrid work environment.
Fortinet announces the addition of Admiral James Stavridis (USN, Ret) to its Board of Directors, enhancing its leadership team. With 37 years of military experience and a strong background in cybersecurity, Admiral Stavridis aims to contribute to Fortinet's ongoing growth and innovation. He previously commanded NATO and held key roles in the Navy, and has served as Dean at The Fletcher School, emphasizing cybersecurity education. This strategic appointment aligns with Fortinet's commitment to advance its position in the cybersecurity sector.
Fortinet, a leader in cybersecurity solutions, announced a conference call for its third quarter 2021 financial results on November 4, 2021, at 1:30 p.m. PT. Investors can access the call via Fortinet's investor relations website or by dialing in prior to the call. The results will provide insights into the company's financial performance and future outlook. Fortinet has a strong customer base of over 530,000, underscoring its position in the cybersecurity market. The company emphasizes its commitment to protecting digital environments for enterprises and service providers.
Fortinet (NASDAQ: FTNT) has announced that six new global service providers have adopted its Secure SD-WAN solution, including Comcast Business, Granite Telecommunications, and Tata Teleservices. This expansion highlights Fortinet's growing momentum, with over 30,000 customers utilizing its industry-leading SD-WAN technology. The solution enables service providers to enhance their managed services, improve operational efficiency, and offer superior user experiences while reducing costs through a unified security and networking solution.
Fortinet (NASDAQ: FTNT) announced its recognition as a Leader in the 2021 Gartner Magic Quadrant for WAN Edge Infrastructure, marking its second consecutive year in this position. The company attributes this achievement to its Secure SD-WAN innovation, which integrates Zero Trust Network Access (ZTNA) to enhance security and user experience for remote work environments. Fortinet's solution supports various use cases, simplifies WAN architecture, and enables secure, scalable connectivity across diverse business landscapes.
Fortinet and Linksys unveiled the Linksys HomeWRK for Business | Secured by Fortinet, a solution aimed at enhancing remote work connectivity with enterprise-grade security. Targeted at hybrid and remote employees, this device integrates Wi-Fi 6 technology and security features from Fortinet, addressing the challenges posed by increased cyber threats in work-from-home setups. The offering is set for release in Q4 2021 in the U.S. and globally in Q1 2022, available through affordable subscription models.
Fortinet (NASDAQ: FTNT) has announced a commitment to train 1 million individuals globally over the next five years through its Training Advancement Agenda (TAA) initiative and Network Security Experts (NSE) Training Institute. This initiative aims to close the cybersecurity skills gap, with the industry needing 3.12 million professionals according to an (ISC)2 report. Fortinet's efforts include partnerships with various organizations and a focus on diversifying the cybersecurity workforce.
FAQ
What is the current stock price of Fortinet (FTNT)?
What is the market cap of Fortinet (FTNT)?
What does Fortinet, Inc. do?
What are Fortinet's main products?
Where is Fortinet headquartered?
How does Fortinet generate revenue?
Who are Fortinet's customers?
What recent products has Fortinet launched?
What is FortiOS?
How is Fortinet addressing the cybersecurity skills gap?
What are Fortinet's financial highlights for 2023?
Where can I learn more about Fortinet?
