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Fortinet Inc - FTNT STOCK NEWS

Welcome to our dedicated news page for Fortinet (Ticker: FTNT), a resource for investors and traders seeking the latest updates and insights on Fortinet.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fortinet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fortinet's position in the market.

Rhea-AI Summary
Fortinet, a cybersecurity leader, has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure. The company's Secure Connectivity portfolio integrates seamlessly with the Fortinet Security Fabric, allowing organizations to address increased risk, reduce complexities, lower costs, and improve performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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none
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Rhea-AI Summary
Windstream Enterprise introduces Secure Flex Premium, a cybersecurity solution powered by Fortinet, to address the evolving network security needs of large enterprises. The offering provides a customizable cybersecurity infrastructure to manage and optimize IT ecosystems, leveraging Fortinet's AI-powered cybersecurity platform and networking solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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none
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Rhea-AI Summary
Fortinet joins the European Commission's Cybersecurity Skills Academy to upskill individuals across the EU. They aim to offer free cybersecurity training to 75,000 people in Europe over the next three years, contributing to their global goal of training 1 million individuals by 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
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none
Rhea-AI Summary
Fortinet (FTNT) appoints Maggie Wilderotter to its board of directors, enhancing leadership and governance expertise. Maggie's extensive experience in technology and telecommunications sectors, including roles at Microsoft and Frontier Communications, brings valuable insights to Fortinet's strategic decisions and growth plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
management
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Rhea-AI Summary
Fortinet (FTNT) reported strong financial results for the fourth quarter of 2023 and full year 2023, with total revenue of $1.42 billion and $5.30 billion respectively, showing year-over-year increases of 10.3% and 20%. The company also achieved significant growth in service revenue and billings. The GAAP operating margin was 27.2% for Q4 and 23.4% for the full year, while the non-GAAP operating margin was 32.0% for Q4 and 28.4% for the full year. Additionally, Fortinet announced guidance for the first quarter of 2024 and fiscal year 2024, indicating positive expectations for revenue, billings, and non-GAAP net income per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.78%
Tags
earnings
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Rhea-AI Summary
Fortinet (NASDAQ: FTNT) announces the FortiGate Rugged 70G with 5G Dual Modem, designed to deliver secure networking capabilities and 5G connectivity to operational technology (OT) environments. The appliance provides industry-leading wireless WAN functionality, high availability, and AI-powered security services. It is compact, ruggedized, and designed to withstand harsh conditions. The primary use case is deploying and managing remote ATMs, offering a seamless, secure, and scalable solution for the banking industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
Tags
AI
Rhea-AI Summary
Fortinet (NASDAQ: FTNT) announced the release of the industry's only comprehensive secure networking solution integrated with Wi-Fi 7, delivering increased speed and capacity. The new FortiAP 441K and FortiSwitch T1024 are designed to support Wi-Fi 7 bandwidth requirements, with the AP delivering up to 2x faster connection speeds and the switch designed to accommodate the increased speed and capacity demands. The solution seamlessly integrates with AIOps and FortiGuard AI-Powered Security Services for unmatched security, visibility, and control.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
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none
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Rhea-AI Summary
Fortinet (FTNT) to collaborate with global leaders at World Economic Forum Annual Meeting in Davos-Klosters, Switzerland to address critical cybersecurity challenges and offer strategic insights for the future
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
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none
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Rhea-AI Summary
Fortinet (FTNT) will hold a conference call to discuss its fourth quarter and Full Year 2023 financial results on Tuesday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The conference call will be broadcast live in listen-only mode on the company’s investor relations website. The CEO and CFO’s prepared remarks, supplemental slides, and a call replay will be accessible from the Quarterly Earnings page on Fortinet's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
earnings
Rhea-AI Summary
Fortinet (NASDAQ: FTNT) announced the release of new, integrated operational technology (OT) security solutions and services, including the FortiSwitch 424F, FortiExtender Vehicle 211F, and enhanced FortiGuard OT Security Service. These additions aim to provide integrated protection and risk management specific to industrial environments, addressing the rising attacks on critical infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.97%
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none
Fortinet Inc

Nasdaq:FTNT

FTNT Rankings

FTNT Stock Data

52.12B
641.04M
16.27%
69.81%
1.74%
Computer Terminal and Other Computer Peripheral Equipment Manufacturing
Manufacturing
Link
US
Sunnyvale

About FTNT

fortinet (nasdaq: ftnt) is a worldwide provider of network security appliances and the market leader in unified threat management (utm). our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the it security infrastructure. our customers include enterprises, service providers and government entities worldwide, including the majority of the 2010 fortune global 100. fortinet’s flagship fortigate product delivers asic-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. fortinet’s broad product line goes beyond utm to help secure the extended enterprise – from endpoints, to the perimeter and the core, including databases and applications. fortinet is headquartered in sunnyvale, calif., with offices around the world.