Fortinet Stock Price, News & Analysis

Fortinet has partnered with Singapore's National University of Singapore (NUS) to enhance quantum security technologies through a memorandum of understanding signed on June 3, 2022. This collaboration supports Singapore's National Quantum-Safe Network (NQSN) initiative, aimed at developing a secure communications infrastructure against evolving cyber threats. Fortinet will provide resources, including prototypes that interface with quantum devices, to explore practical use cases for quantum-safe communications. Their technology supports Quantum Key Distribution (QKD), which enables secure encryption key transmission.

Fortinet (NASDAQ: FTNT) announced a five-for-one forward stock split, effective June 22, 2022. This decision follows prior disclosure on April 22, 2022. The stock split requires stockholder approval during the Annual Meeting on June 17, 2022, which will also address an Amended Certificate of Incorporation to increase authorized shares. If approved, each share will convert to five, with trading on a split-adjusted basis starting around June 23, 2022. This marks Fortinet's second stock split, the first being a two-for-one split in 2011.

Fortinet (NASDAQ: FTNT) has established the Public Sector Advisory Council (PSAC) to address growing cybersecurity threats. The Council comprises leaders with extensive government backgrounds, including Gary Locke and James Clapper, who will provide strategic counsel on critical cybersecurity challenges. This initiative aims to enhance public-private partnerships for improving cybersecurity across various public sector organizations. Fortinet emphasizes its commitment to securing infrastructure against sophisticated cyber attacks targeting government entities.

Fortinet (NASDAQ: FTNT) has launched FortiRecon, a comprehensive Digital Risk Protection Service that leverages machine learning, automation, and human intelligence. This service helps organizations monitor their external attack surface, assess brand risk, and gain actionable insights against potential cyber threats. FortiRecon addresses critical areas such as External Attack Surface Management, Brand Protection, and Adversary-Centric Intelligence, allowing companies to identify vulnerabilities early and mitigate risks effectively.

Fortinet (NASDAQ: FTNT) will participate as a Platinum Sponsor in the RSA Conference 2022, taking place from June 6-9 at the Moscone Center, San Francisco. The company aims to highlight its automated cybersecurity solutions in response to evolving threats. Key sessions include discussions on the cybersecurity mesh platform and botnet challenges. Attendees can explore Fortinet's latest innovations at booth #5855, featuring AI-powered security services and product demos. Fortinet emphasizes the need for comprehensive cybersecurity strategies to protect against threats in today’s hybrid networks.

Fortinet has launched FortiNDR, an advanced network detection and response solution utilizing machine learning and deep neural networks. This offering aims to enhance cybersecurity by detecting and responding to abnormal network activities efficiently. FortiNDR helps security teams transition from reactive to proactive threat mitigation through integrated analytics and automation within the Fortinet Security Fabric. The solution supports various detection metrics, including user behavior and device types, and addresses the growing challenges posed by cyber threats in increasingly complex IT environments.

Fortinet is making strides in its commitment to bridge the cybersecurity skills gap, aiming to train 1 million individuals by 2026 through its Training Advancement Agenda (TAA) and Training Institute programs. The company is currently tracking ahead of its annual goal, emphasizing the critical need for enhanced cybersecurity skills due to 80% of breaches arising from skill deficiencies. Initiatives include the NSE Certification program and partnerships with academic institutions to broaden access and participation in cybersecurity training.