Fortinet Stock Price, News & Analysis

Fortinet (NASDAQ: FTNT) has partnered with ENGIE Italia to enhance security and visibility across 120 remote offices using its Secure SD-WAN and SD-Branch solutions. With the increase in remote sites, ENGIE faced challenges in network visibility and collaboration between IT and OT teams. Fortinet's solution has helped reduce connectivity costs while improving security and team efficiency, allowing ENGIE to respond more swiftly to threats. This strategic implementation also simplifies hardware management and optimizes cloud service access.

Fortinet (FTNT) reported strong financial results for Q1 2021, with total revenue of $710.3 million, a 23% increase year-over-year. Product revenue rose by 25% to $240.7 million, while service revenue grew 22% to $469.6 million. Billings reached $850.6 million, up 27%. The company’s GAAP operating margin stood at 17.1%, down 310 basis points. However, non-GAAP operating margin improved to 24.5%. Fortinet has raised its full-year guidance, expecting revenue between $3.080 billion and $3.130 billion.

Fortinet (NASDAQ: FTNT) has unveiled the FortiGate 7121F and FortiExtender 511F-5G, enhancing security for 5G networks. These solutions offer unmatched performance, with FortiGate 7121F providing 1.89 Tbps firewall throughput and high-speed threat protection and SSL inspection. The FortiExtender delivers flexibility for SD-WAN and SASE solutions. Fortinet's focus on 5G security aims to safeguard the expanding attack surface introduced by the 5G ecosystem, ensuring low latency and robust security for enterprises and mobile network operators.

BT and Fortinet have launched a managed secure SD-WAN service, enhancing connectivity and cybersecurity. This integrated solution combines security and networking, addressing the complexity of cyber threats and network management. Key benefits include improved performance, efficient operations, natively integrated security, and reduced costs. The partnership, longstanding for over a decade, reflects their commitment to delivering secure solutions for digital transformation. This service supports organizations in adapting to hybrid work models, securing applications and workloads in a distributed environment.

Fortinet (NASDAQ: FTNT) is enhancing its Training Advancement Agenda (TAA) to address the cybersecurity skills gap. The NSE Training Institute's initiatives include over 30 free technical training courses, new partnerships with organizations like Women in Cybersecurity and Stanford University, and support for nearly 400 educational institutions globally. Despite a reported decrease in security professionals needed from 4.07 million to 3.12 million in 2020, the skills gap remains a critical challenge. Recent achievements include reaching over 1,000,000 registrations for free courses and launching new certification programs.

Fortinet (NASDAQ: FTNT) announced a conference call scheduled for April 29, 2021, at 1:30 PM PT to discuss its Q1 2021 financial results. The call can be accessed at (877) 303-6913 domestically or (224) 357-2188 internationally. A live webcast and supplemental slides will be available on the Investor Relations page of Fortinet's website. A replay will also be available through May 6. Fortinet continues to lead in the cybersecurity market, securing numerous enterprises worldwide.

Fortinet (NASDAQ: FTNT) is set to become the title sponsor of the Fortinet Championship, commencing September 13-19, 2021, at Silverado Resort and Spa, Napa. This partnership marks a significant six-year agreement as the kickoff event for the 2021-22 FedExCup Regular Season. Net proceeds from the tournament will support non-profit organizations focused on STEM, minorities in technology, and veterans' programs. The event will feature a $7 million purse and will be televised on Golf Channel.

Fortinet (NASDAQ: FTNT) has launched a children's book titled “Cyber Safe: A Dog’s Guide to Internet Security” to enhance cyber awareness among kids aged 7-12. This initiative aligns with Fortinet's mission to educate communities about cybersecurity. The book aims to educate youth about online safety, particularly as remote learning increases internet usage. Co-authored by Renee Tarun, the book is also part of Fortinet's broader NSE Training Institute programs, which offer free cyber awareness courses for all ages.

Fortinet has announced a strategic investment of $75 million in Linksys to enhance secure connectivity solutions for remote workers. This partnership aims to deliver enterprise-grade security and reliable networking in the growing work-from-home environment. Fortinet will also join the Linksys Board of Directors, reinforcing its commitment to optimizing the management and performance of home networks. By combining Fortinet's cybersecurity expertise with Linksys' networking technology, the alliance seeks to provide organizations with seamless and secure remote connectivity.