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 (FTNT) provides cybersecurity solutions through its integrated Security Fabric platform. This page aggregates official announcements and verified news about the company’s strategic initiatives, product developments, and market position.
Investors and professionals will find timely updates on earnings reports, network security innovations, and partnership announcements. All content is curated to support informed analysis of Fortinet’s performance in the cybersecurity sector.
Key updates include product launches, threat intelligence advancements, and operational milestones related to Fortinet’s unified threat management solutions. Bookmark this page for streamlined access to critical updates about ASIC-accelerated security technologies and enterprise cybersecurity trends.
Fortinet has announced that it will continue to offer its entire catalogue of self-paced Network Security Expert training at no cost indefinitely, responding to the severe cybersecurity skills gap. In 2020, over 800,000 registrations were recorded for these free training offerings. The program includes more than 30 security courses that cover topics such as cloud security and operational technology. Fortinet collaborates with various partners to develop a diverse cybersecurity workforce and provides access to NSE Certification exam preparation and CPE credits through (ISC)².
Fortinet (NASDAQ: FTNT) will hold a conference call on February 4, 2021, at 1:30 p.m. PT to discuss its Q4 2020 financial results. Access details include dialing (877) 303-6913 for domestic callers or (224) 357-2188 internationally, using conference ID #9656007. The call can also be streamed via a live webcast on Fortinet's Investor Relations page, with a replay available until February 11. Fortinet is a leader in cybersecurity solutions, serving over 480,000 customers globally, and ranks #1 in security appliances shipped worldwide.
Fortinet's Global Reach Expands with New SD-WAN Partnerships
Fortinet (NASDAQ: FTNT) announced that six new service providers, including Fireminds and MTN Business Kenya, have adopted its Secure SD-WAN solution. This expansion highlights organizations' increasing need for integrated network security and efficiency. Fortinet's SD-WAN solution provides advanced routing and security functionalities while achieving a low total cost of ownership. The company continues to be recognized as a leader in the 2020 Gartner Magic Quadrant for WAN Edge Infrastructure and Network Firewalls.
Fortinet (NASDAQ: FTNT) has acquired Panopta, a SaaS platform specializing in network monitoring and diagnostics. This acquisition enhances Fortinet's Security-driven Network approach by providing automated visibility and management for hybrid infrastructures. Panopta’s platform ensures high availability and performance of networks, crucial for organizations' digital initiatives. Key features include unified monitoring, cloud-native capabilities, and automated incident management, positioning Fortinet to better serve enterprises and service providers.
Fortinet (NASDAQ: FTNT) has announced new integrations with Amazon Web Services (AWS) to enhance security across cloud platforms. Key offerings include managed IPS rules for the AWS Network Firewall and the integration of FortiGate VM with AWS Gateway Load Balancer, aimed at improving security and management of VPC environments. These solutions allow organizations to protect workloads, streamline deployments, and gain comprehensive visibility and control. Fortinet remains a major player in cybersecurity, securing a broad range of clients worldwide.
Fortinet has launched the FortiGate Rugged 60F and FortiGate Rugged 60F with LTE, next-generation firewalls designed specifically for operational technology (OT) environments. These appliances offer Secure SD-WAN capabilities, certified for demanding conditions, enabling reliable connectivity even in harsh settings. The FortiGate Rugged 60F features a compact design, multiple power options, and built-in LTE for remote sites, enhancing security and operational efficiency in industries like energy and transportation. This release underscores Fortinet's commitment to security-driven networking.
Fortinet (NASDAQ: FTNT) forecasts a significant evolution in the cybersecurity threat landscape for 2021 and beyond. Key predictions include the rise of sophisticated attacks targeting intelligent edges and 5G-enabled devices, as well as an increase in social engineering tactics. The company emphasizes the necessity for organizations to adopt AI and machine learning to enhance threat prevention and response. As cybercriminals evolve their strategies, Fortinet advises businesses to utilize integrated threat intelligence to combat emerging threats effectively.
Fortinet (NASDAQ: FTNT) reported strong Q3 2020 results, with total revenue of $651.1 million, representing a 19% year-over-year increase. Product revenue rose to $223.8 million, up 14% year-over-year, while service revenue grew to $427.3 million, up 22%. Billings reached $749.8 million, a 20% increase. Deferred revenue climbed to $2.39 billion, up 24%. GAAP diluted net income per share was $0.75, and non-GAAP diluted net income per share was $0.88. The company expects Q4 revenue between $710 million and $730 million.
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