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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 (NASDAQ: FTNT) announces the general availability of FortiDLP, a next-generation data loss prevention and insider risk management solution. The AI-enhanced platform offers comprehensive data protection across cloud deployments, applications, and devices. Key features include Shadow AI data protection, day-one data visibility, insider risk protection, and SaaS application security. FortiDLP enables organizations to anticipate risks, streamline incident response, and protect sensitive information from both internal and external threats through AI-powered detection and user education.
Fortinet's 2024 Security Awareness and Training Global Research Report reveals critical cybersecurity challenges facing organizations. Nearly 70% of organizations report their employees lack fundamental security awareness, up from 56% in 2023. The report highlights that over 60% of respondents expect more employees to fall victim to AI-augmented attacks.
Key findings show that 80% of organizations are more open to implementing security awareness training due to AI threats. Three-quarters of leaders plan security awareness campaigns, with 34% delivering monthly and 47% quarterly content. More than 80% of organizations faced attacks targeting individuals last year, including malware, phishing, and password attacks. Notably, 89% of organizations reported improvements after implementing security awareness training programs.
CrowdStrike (NASDAQ: CRWD) and Fortinet have announced a strategic partnership to unify best-in-class endpoint and firewall protection. This collaboration integrates AI-native endpoint security from the CrowdStrike Falcon® platform with Fortinet's FortiGate next-generation firewalls (NGFW).
The partnership aims to provide customers and partners with enhanced flexibility, visibility, and security across networks, applications, and endpoints. Key benefits include:
- Rich telemetry across endpoint and network
- Fast and accurate AI-powered threat protection and response
- Streamlined security operations with a unified view
- Context-rich insights into network traffic, user activity, and device posture
Both companies have received industry recognition, with CrowdStrike named a Leader in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms and Fortinet recognized 15 times in the Gartner® Magic Quadrant™ for Network Firewalls.
Fortinet's FortiGuard Labs has released a report highlighting cyberthreats targeting the 2024 U.S. Presidential Election. Key findings include:
- Phishing scams targeting voters with affordable kits sold on the darknet
- Over 1,000 new potentially malicious domains registered in 2024
- Billions of U.S. records for sale on darknet forums, including SSNs and PII
- 28% increase in ransomware attacks against U.S. government year-over-year
The report details the sale of phishing kits impersonating candidates, fraudulent fundraising websites, and the concentration of malicious domains on major hosting platforms. It also highlights the risks of credential-stuffing attacks, financial fraud, and identity theft. Fortinet emphasizes the need for vigilance, employee training, multi-factor authentication, endpoint protection, and regular software updates to safeguard against these threats.
Fortinet (NASDAQ: FTNT) has announced the general availability of Lacework FortiCNAPP, a unified AI-driven platform for comprehensive cloud security. This new offering combines Lacework's cloud-native application protection platform with the Fortinet Security Fabric, providing enhanced visibility and protection across multi-cloud environments.
Key features of Lacework FortiCNAPP include:
- A unified platform for full visibility from code to cloud
- AI-based anomaly detection for identifying undefined attack patterns
- Integrated code security
- Composite alerts for detecting early signs of active attacks
- Integrations with Fortinet solutions like FortiSOAR
- Cloud Infrastructure Entitlement Management (CIEM)
The platform aims to simplify and strengthen cloud security, addressing challenges in cloud adoption such as cloud security knowledge and the proliferation of security products.
Fortinet (NASDAQ: FTNT) has been named a Leader in the 2024 Gartner Magic Quadrant for SD-WAN for the fifth consecutive year. The company is also the only Leader positioned highest in Ability to Execute for the fourth year running. Fortinet Secure SD-WAN offers:
1. A robust feature set with next-generation firewall capabilities, universal zero-trust network access, and advanced routing.
2. Easy on-ramp to single-vendor SASE through integration with FortiSASE.
3. GenAI integration with FortiAI for enhanced SD-WAN management.
4. Improved network performance for on-demand full mesh networks.
5. SD-Branch support through integration with various Fortinet products.
Fortinet has also received a "AAA" rating from the MEF Forum and has been recognized in the Gartner Peer Insights Customers' Choice for SD-WAN for four consecutive years.
Fortinet (NASDAQ: FTNT), a global leader in cybersecurity, has announced its upcoming third quarter 2024 financial results conference call. The call is scheduled for Thursday, November 7, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors and interested parties can access the live broadcast in listen-only mode on Fortinet's investor relations website.
The company recommends joining the call at least 10 minutes before it starts. After the call, prepared remarks from the CEO and CFO, supplemental slides, and a call replay will be available on the Quarterly Earnings page of Fortinet's Investor Relations website.
Fortinet, a global cybersecurity leader, has announced significant progress in its mission to address the cybersecurity skills shortage through its Training Institute programs. The company pledged to train 1 million people in cybersecurity by the end of 2026, and has already trained more than half a million individuals, putting them on track to meet their goal.
Key initiatives and achievements include:
- Winning the 2024 SC Awards for Best Professional Certification Program
- Enhancing the Fortinet Network Security Expert (NSE) Certification program
- Pledging to offer free cybersecurity training to 75,000 individuals in Europe
- Partnering with organizations in India to offer 100,000 virtual internships
- Hosting cybersecurity bootcamps and workshops globally
- Collaborating with various partners to upskill and reskill veterans
These efforts aim to address the estimated need for 4.8 million cybersecurity professionals to fill the industry's workforce gap.
Fortinet (NASDAQ: FTNT) has been honored as the winner of the 2024 SC Awards in the Best Professional Certification Program category for its Network Security Expert (NSE) Certification Program. This recognition highlights Fortinet's efforts to address the widening cybersecurity talent gap and deliver practical, effective training to safeguard against complex threats.
The SC Awards, now in its 27th year, celebrate outstanding achievements in advancing information system security. Fortinet's win demonstrates its innovation in providing cybersecurity education that addresses the evolving landscape. The company remains committed to its mission of training 1 million individuals in cyber by 2026.
John Maddison, Chief Marketing Officer at Fortinet, emphasized the company's dedication to closing the cybersecurity workforce gap through world-class training and certification programs. The award from SC Media, along with other industry recognitions, validates Fortinet's ongoing investment in developing top-tier training resources.
Fortinet (NASDAQ: FTNT) has unveiled a new Innovation Hub in downtown Chicago, marking a significant expansion of its global infrastructure. This $30 million investment includes a 90,000 square foot, 6-story facility featuring:
1. A Fortinet Cloud Point of Presence (POP) to enhance global cloud services
2. A Research and Development Center for advancing cybersecurity technology
3. An Executive Briefing Center for stakeholder engagement
4. A Cybersecurity Training Facility to address the skills gap
5. Expanded customer support capabilities
The hub aims to foster innovation, improve collaboration, and strengthen Fortinet's ability to serve enterprise customers worldwide. Additionally, Fortinet is making donations to local chapters of Women in CyberSecurity and Blue Star Families, reinforcing its commitment to diversifying the cybersecurity workforce.
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