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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 (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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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.
Fortinet (NASDAQ: FTNT) has been added to the Nasdaq-100 Index, effective December 20, 2021. This inclusion marks a significant milestone for the company, reflecting its robust market position and growth potential in the cybersecurity sector. Fortinet’s innovative security solutions and ASIC-supported platform are expected to drive long-term growth as the network security market expands to the cloud and remote work environments. The Nasdaq-100 Index recognizes leading non-financial companies based on market capitalization.
Fortinet (NASDAQ: FTNT) has been recognized as a Visionary in the 2021 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure for the second consecutive year. This acknowledgment highlights Fortinet's dedication to innovation and its ability to integrate security features with its LAN Edge solution, which utilizes AI and machine learning. The solution offers built-in Network Access Control (NAC) and aims to reduce total cost of ownership (TCO) while simplifying management and improving performance across networks.
Fortinet has announced a multi-year partnership with the European Tour, acting as both the Official Tour Partner and Official Cybersecurity Partner. This collaboration aims to enhance the Tour’s digital innovation through Fortinet's advanced security solutions. With events attracting up to 25,000 attendees daily, Fortinet will provide its Security Fabric platform to improve security analytics and response capabilities while implementing a zero-trust approach. The partnership also extends to protecting the Tour's hybrid cloud environment, enhancing operational speed and security control.
Fortinet announced an expanded collaboration with Microsoft to integrate its FortiGate-VM and Secure SD-WAN with Microsoft Azure Virtual WAN. This integration enables advanced security policies for virtual WAN traffic, promoting simplified and secure cloud operations. Notable benefits include one-click deployment, advanced security features for data transport, and enhanced interconnectivity across hybrid and multi-cloud environments. Organizations can leverage Fortinet's capabilities to address digital innovation while minimizing complexity.