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Fortinet (FTNT) Stock News, Apr-Jun 2023

FTNT Nasdaq

Fortinet, Inc. reports news about its cybersecurity platform for the convergence of networking and security. Company updates commonly cover FortiGate appliances, FortiOS, Fortinet Security Fabric, SASE, SD-WAN, endpoint protection, managed detection and response, and security operations capabilities built around Fortinet ASICs, threat intelligence, and AI-enabled controls.

Recurring Fortinet news also includes quarterly financial results, billings and revenue commentary, product portfolio expansion, FortiGuard Labs threat research, cybersecurity skills-gap reports, training programs, and public-private cyber resilience initiatives. These updates reflect a business centered on enterprise-grade security products, subscriptions, support, and research across network, cloud, zero-trust, and security operations use cases.

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Fortinet's FortiGate 600F series has earned a prestigious 'AAA' ranking from CyberRatings.org in all four categories, establishing itself as a leading cybersecurity solution. The FortiGate 600F demonstrated superior capabilities in Threat Prevention, SSL/TLS Functionality, Stability & Reliability, and Routing & Access Control. Notably, it achieved a 100% block rate for client-initiated exploits, reinforcing its effectiveness against cyber threats. Additionally, it offers a lower price per Mbps compared to competitors, enhancing its value proposition for enterprises. This recognition underscores Fortinet's commitment to delivering high-performance cybersecurity solutions, catering to modern enterprise needs.

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Fortinet (NASDAQ: FTNT) announced its membership in the Joint Cyber Defense Collaborative (JCDC) as of April 18, 2023, reinforcing its commitment to enhancing U.S. cybersecurity. The company will leverage its over 20 years of expertise and its FortiGuard Labs threat intelligence to combat cyber threats. Founded by the Cybersecurity and Infrastructure Security Agency (CISA) in 2021, JCDC aims to improve public-private collaboration in cybersecurity. Fortinet's collaboration will help in sharing actionable threat intelligence and best practices to mitigate cyber risks and vulnerabilities. This partnership aligns with Fortinet's ongoing efforts to build systemic resilience against growing cyber threats.

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FAQ

What is the current stock price of Fortinet (FTNT)?

Fortinet (FTNT) last closed at $190.76.

What is the market cap of Fortinet (FTNT)?

The market cap of Fortinet (FTNT) is approximately $140.0B.