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 (NASDAQ: FTNT) announced a conference call to discuss its Q2 2021 financial results scheduled for Thursday, July 29, at 1:30 PM PT. Investors can listen via the company’s investor relations website or by phone using the provided conference ID. Additionally, the call will be accessible for replay until August 5. Fortinet aims to protect digital assets through its broad cybersecurity solutions, with over 510,000 customers relying on its services. The company continues to emphasize the importance of cybersecurity in a digitally evolving world.
Fortinet (NASDAQ: FTNT) announces the addition of four global service providers: CommandLink, DNA, Syringa Networks, and TIM, to its Secure SD-WAN ecosystem. These partnerships enable the delivery of enhanced managed SD-WAN and security services worldwide. With this expansion, Fortinet strengthens its leadership in SD-WAN by providing a unique integrated solution. Benefits include improved user experience and operational efficiency, leveraging Fortinet’s security-driven networking approach. This collaboration is set to drive greater value for customers while enhancing revenue margins for partners.
Fortinet has launched FortiMonitor and FortiAIOps, enhancing its Fabric Management Center to improve network operations. These tools provide comprehensive monitoring and automation capabilities, crucial for optimizing user experience in complex digital environments. FortiMonitor delivers Digital Experience Monitoring across various infrastructures, while FortiAIOps leverages AI and ML to automate anomaly detection and streamline root cause analysis. This initiative reflects Fortinet's commitment to simplifying network management and supporting digital transformation for organizations.
Fortinet (NASDAQ: FTNT) has integrated its Secure SD-WAN solution with Google Cloud’s Network Connectivity Center (NCC), enhancing security and user experience for enterprises transitioning to the cloud. With over 90% of enterprises utilizing multi-cloud environments, this integration aims to simplify connections across distributed sites and workloads. Fortinet’s solution provides end-to-end security, ensuring operational efficiency while protecting data. This partnership is designed to support companies at various stages of cloud migration, offering improved connectivity and security across hybrid environments.
Fortinet CEO Ken Xie has been appointed by U.S. Secretary of Commerce Gina Raimondo to the U.S. – Brazil CEO Forum, aimed at enhancing bilateral trade and investment.
The Forum, which comprises American and Brazilian CEOs, addresses crucial topics such as infrastructure, technology, workforce development, and regulatory reforms.
Fortinet remains committed to cybersecurity innovation and bridging the global skills gap through its NSE Training Institute programs.
Fortinet (NASDAQ: FTNT) has partnered with Carahsoft to provide Fortinet's Security Fabric solutions to the U.S. Federal Government. The collaboration is through the ITES-SW2 contract, effective until August 30, 2025, allowing federal agencies and authorized integrators to access commercial software products and services without fees. Fortinet aims to address the evolving cybersecurity needs of federal agencies by helping consolidate and automate their infrastructures, thereby supporting compliance and risk reduction.
Fortinet (NASDAQ: FTNT) announces significant enhancements to its FortiEDR solution, reflecting a 300% increase in customer adoption over the past year. These enhancements include new MITRE ATT&CK tags, expanded managed detection and response (MDR) services, and advanced endpoint detection capabilities. As ransomware threats evolve, FortiEDR aims to provide seamless protection and rapid response to cyber threats, ensuring organizations can defend against increasingly sophisticated attacks.
Fortinet (NASDAQ: FTNT) has partnered with ENGIE Italia to enhance security and visibility across 120 remote offices using its Secure SD-WAN and SD-Branch solutions. With the increase in remote sites, ENGIE faced challenges in network visibility and collaboration between IT and OT teams. Fortinet's solution has helped reduce connectivity costs while improving security and team efficiency, allowing ENGIE to respond more swiftly to threats. This strategic implementation also simplifies hardware management and optimizes cloud service access.
Fortinet (FTNT) reported strong financial results for Q1 2021, with total revenue of $710.3 million, a 23% increase year-over-year. Product revenue rose by 25% to $240.7 million, while service revenue grew 22% to $469.6 million. Billings reached $850.6 million, up 27%. The company’s GAAP operating margin stood at 17.1%, down 310 basis points. However, non-GAAP operating margin improved to 24.5%. Fortinet has raised its full-year guidance, expecting revenue between $3.080 billion and $3.130 billion.
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?
