Fortinet Stock Price, News & Analysis

Orange Business Services and Fortinet are partnering to enhance Secure Access Service Edge (SASE) solutions, integrating Fortinet's security technologies into Orange's cloud infrastructure. This collaboration aims to optimize cloud performance for both office and remote users while reinforcing security across enterprises. The partnership is expected to add significant value to existing SD-WAN customers and supports a 'work from anywhere' strategy, enabling dynamic secure internet access for various enterprises, driven by zero-trust network access.

Fortinet (NASDAQ: FTNT) has announced the suspension of all operations in Russia, ceasing sales, support, and professional services due to the ongoing conflict in Ukraine. CEO Ken Xie expressed concern over the situation and emphasized the company's commitment to safety and support for affected employees and customers. Fortinet is actively collaborating with global partners to defend against Russian cyberattacks and assist governments in cybersecurity efforts. Additionally, the company has initiated an employee matching campaign to support NGOs aiding Ukraine.

Fortinet (NASDAQ: FTNT) released its Global Threat Landscape Report, detailing an increase in the speed and sophistication of cyberattacks in the second half of 2021. The report reveals that cyber threats are evolving, particularly in the Log4j vulnerabilities which exhibited unprecedented exploit speeds. New attack vectors are emerging, especially targeting Linux systems, with malware detections quadrupling. Ransomware remains a persistent threat, with actors adopting more destructive tactics. Organizations are urged to implement AI-powered security solutions and adopt a zero trust approach to mitigate risks.

Fortinet (FTNT) reported robust financial results for Q4 and full year 2021, featuring a total revenue of $963.6 million, up 29% year over year. Product revenue grew 31% to $378.9 million, while service revenue reached $584.7 million, up 27%. For the full year, revenue was $3.34 billion, with an increase of 29%. The company expects Q1 2022 revenue between $865 million and $895 million and FY 2022 revenue between $4.275 billion and $4.325 billion.

Fortinet announces the launch of the FortiGate 3000F, a Next-Generation Firewall (NGFW) powered by the NP7 and CP9 security processing units. This device enhances hybrid IT architectures with advanced features like SD-WAN, SSL inspection, and zero trust network access. FortiGate 3000F claims up to 6x more connections per second compared to competitors. Fortinet continues to lead in performance metrics, boasting over 565,000 customers. The company emphasizes the importance of security-driven networking to safeguard organizations against growing cyber threats.

Fortinet's Secure SD-WAN solution has been implemented by Home Hardware, a prominent Canadian retailer, to enhance the performance of business-critical applications and streamline network management across its 1,100 dealer locations. The integration addresses challenges posed by legacy network systems while ensuring compliance with PCI standards. Key benefits include improved user experience, simplified operations, and reduced complexity, enabling secure access to cloud applications. This partnership reflects Fortinet’s commitment to driving digital transformation in complex environments.

Fortinet (NASDAQ: FTNT) announced a conference call scheduled for February 3, 2022, at 1:30 PM PT to discuss its fourth quarter 2021 financial results. This event will be accessible via the company's investor relations website and through specific dial-in numbers. Participants are advised to connect at least 15 minutes early. Fortinet remains a leader in cybersecurity, serving over 550,000 customers globally, and continues to expand its Fortinet Security Fabric platform to provide comprehensive protection across digital ecosystems.

Fortinet (NASDAQ: FTNT) announced that seven new managed service providers (MSSPs) have adopted its Secure SD-WAN solution, enhancing their service offerings. This integration facilitates security-driven networking to address the needs of businesses facing digital acceleration and remote work challenges. Fortinet's technology allows MSSPs to deliver high-value, managed security services, helping them tap into new market opportunities. The latest solution has garnered recognition for its performance and effectiveness in the cybersecurity landscape.