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.
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Spectrotel, a leading integrated communication provider, announced that its Secure SD-WAN service, powered by Fortinet, received the 2022 INTERNET TELEPHONY SD-WAN Product of the Year Award. This award recognizes innovation and execution in software-based networking tools. The Secure SD-WAN offers nationwide coverage, application layer security, and quality-based traffic management. As remote work becomes prevalent, this service provides a streamlined solution for integrated networking and security, allowing customers to manage their operations effectively.
Fortinet (NASDAQ: FTNT), a leader in integrated cybersecurity solutions, announced the addition of five new service providers to its managed service portfolio, enhancing its Secure SD-WAN offering. These providers include Etihad Atheeb Telecom, Microland, Radius Telecoms, Spectrotel, and TIME dotCom. This expansion facilitates security-driven networking and supports the Zero Trust Edge architecture, addressing the demands of a work-from-anywhere environment. Fortinet continues to receive recognition from industry analysts, solidifying its position as a leading SD-WAN vendor.
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.
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