Welcome to our dedicated page for Fortinet news (Ticker: FTNT), a resource for investors and traders seeking the latest updates and insights on Fortinet stock.
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.
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.
Fortinet (NASDAQ: FTNT) has achieved a significant milestone, surpassing 500 technology integrations with over 300 Fabric-Ready Technology Alliance Partners. This achievement emphasizes the company’s commitment to enhancing security automation and simplifying operations for its customers amidst a complex IT landscape. The Fortinet Security Fabric continues to grow, providing integrated solutions that address the challenges of digital transformation. Fortinet’s collaborative ecosystem is designed to fortify businesses against evolving cyber threats while reducing operational complexity.
Fortinet (FTNT) reported strong Q1 2022 results with total revenue of $954.8 million, up 34% year over year, and product revenue soaring 54% to $371.0 million. Bookings increased 50% to $1.28 billion, while deferred revenue reached $3.66 billion, up 33%. GAAP diluted net income per share was $0.84, and non-GAAP at $0.94. The company expects Q2 2022 revenue between $1.005 billion and $1.035 billion, with billings of $1.225 billion to $1.265 billion. Guidance for FY 2022 suggests revenue of $4.350 billion to $4.400 billion.
Fortinet (NASDAQ: FTNT) has introduced new FortiGate appliances that integrate ASIC-based performance acceleration and AI-powered FortiGuard Security Services to enhance cybersecurity across campus, branch, and hybrid data center environments. The models FortiGate 600F, 3700F, and 70F offer superior performance metrics, with the 600F boasting up to 140 Gbps firewall performance. These appliances enable organizations to achieve better ROI and scale against advanced threats, driven by FortiOS’s consistent architecture across deployment types.
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Masergy, Fortinet, and Ingram Micro have partnered to introduce a new distribution channel for managed SD-WAN services, aimed at value-added resellers and managed service providers. This solution combines networking, security, and services, enabling partners to expand into new markets without significant upfront investment. Notable benefits include recurring revenue opportunities, low barriers to entry, and enhanced client loyalty. The initiative targets the rapidly growing SD-WAN market, responding to increasing demand for hybrid work connectivity and security.
Fortinet has launched a new Security Awareness and Training service to enhance employee cybersecurity skills and knowledge. The service, developed by the Fortinet Training Institute, is informed by FortiGuard Labs threat intelligence and aims to help organizations strengthen their security posture against cyber threats. According to a recent survey, 73% of organizations experienced intrusions linked to cybersecurity skill gaps. The training aligns with NIST 800-50 and NIST 800-16 guidelines and addresses increasing ransomware threats, which rose by 10.7x in 2021.
Fortinet (NASDAQ: FTNT) has announced the release of FortiOS 7.2, enhancing its cybersecurity solutions with over 300 new features. The updates aim to strengthen the convergence of networking and security across various platforms, crucial for managing today's hybrid networks. New AI-powered security services, including Inline Sandbox and Advanced Device Protection, focus on real-time threat prevention and improved operational efficiency. Following 20 years of research and development, Fortinet positions itself as a leader in the cybersecurity landscape, crucial for digital acceleration.
Fortinet (NASDAQ: FTNT) announced a conference call scheduled for May 4, 2022, at 1:30 PM Pacific Time to discuss its Q1 2022 financial results. The call will be broadcast live on their investor relations website. Participants can access the call by dialing designated domestic and international numbers with a conference ID. Fortinet is a leader in integrated cybersecurity solutions, serving over 565,000 customers globally.