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Rhea-AI Summary
Fortinet (NASDAQ: FTNT) introduces Fortinet Advisor, a generative AI (GenAI) assistant, to empower cybersecurity teams with cutting-edge AI technology. This latest innovation aims to protect customers, accelerate threat detection, and mitigate risks. Fortinet Advisor, available within FortiSIEM and FortiSOAR, interprets security incidents, builds complex investigation queries, creates remediation plans, and augments playbook creation. It is continuously updated and refined by Fortinet AI and product specialists. With more than a decade of AI-powered offerings and over 700,000 customers benefiting from AI-powered services, Fortinet remains an industry-leading cybersecurity platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.84%
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Rhea-AI Summary
Fortinet (NASDAQ: FTNT) expands strategic partnership with Digital Realty (NYSE: DLR) to accelerate the global expansion of Fortinet Universal SASE, providing customers with seamless access to cloud-delivered security and connectivity for their distributed workforce.
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Rhea-AI Sentiment
End-of-Day
0.52%
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Rhea-AI Summary
Fortinet (NASDAQ: FTNT) announces its participation in the World Economic Forum's Annual Meeting on Cybersecurity in Geneva, Switzerland, from November 13-15. The company emphasizes the importance of collaboration across sectors to address cyber risks and ensure collective cyber resilience. Fortinet will contribute expertise to sessions, including 'Cyber Resilient Ecosystems: The Missing Link' led by Derek Manky, Chief Security Strategist and Global Vice President Threat Intelligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
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Rhea-AI Summary
Fortinet announces financial results for Q3 2023, with total revenue of $1.33 billion, up 16% YoY. Service revenue increased by 28% YoY to $868.7 million. Billings reached $1.49 billion, up 6% YoY. Deferred revenue grew by 26% YoY to $5.29 billion. GAAP operating income was $303.2 million, up 14% YoY. Non-GAAP operating income was $371.4 million, up 14% YoY. GAAP diluted net income per share was $0.41, up 41% YoY. Cash flow from operations was $551.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.35%
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Rhea-AI Summary
Fortinet announces a sharpened business focus on Secure Networking, Universal SASE, and Security Operations markets. The company will prioritize R&D and GTM strategies in these areas to drive global business expansion. The Secure Networking market is expected to grow at 9% annually to $86 billion by 2027. The Universal SASE market is expected to grow at nearly 20% annually to $36 billion by 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.35%
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Rhea-AI Summary
Fortinet expands its Universal SASE offering to support hybrid workforce with FortiOS everywhere. The expansion includes over 100 FortiSASE cloud locations, a new FortiGate 120G SASE appliance, and flexible security consumption options. Fortinet's approach enables 30 converged networking and security functions to be managed through a single console.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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Rhea-AI Summary
Fortinet announces new MSSP partnerships for Secure SD-WAN
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Rhea-AI Sentiment
End-of-Day
-0.72%
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Rhea-AI Summary
Fortinet announces new campus switches, the FortiSwitch 600 and 2000, to meet the growing connectivity and security needs of the modern campus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
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Rhea-AI Summary
Deutsche Telekom expands its security portfolio with Fortinet's FortiSASE solution, offering benefits such as scalable solutions and consistent security for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
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Rhea-AI Summary
Fortinet has been named a Leader in the 2023 Gartner Magic Quadrant for SD-WAN for the fourth consecutive year and is positioned highest in Ability to Execute for at least three consecutive years. This recognition solidifies Fortinet's presence as an industry leader in SD-WAN innovation. They offer a seamless transition to single-vendor SASE, lower costs and consolidate point products, empower hybrid work, and integrate with digital experience monitoring. Fortinet has also received additional third-party recognition, including being named a Gartner Peer Insights Customers' Choice for SD-WAN and a Leader in the Forrester Wave: Zero Trust Edge Solutions report.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
Fortinet, Inc.
Nasdaq:FTNT
FTNT Rankings
FTNT Stock Data
45.99B
641.03M
16.27%
70.02%
1.73%
Computer Terminal and Other Computer Peripheral Equipment Manufacturing
Manufacturing
United States of America
SUNNYVALE
About FTNT
fortinet (nasdaq: ftnt) is a worldwide provider of network security appliances and the market leader in unified threat management (utm). our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the it security infrastructure. our customers include enterprises, service providers and government entities worldwide, including the majority of the 2010 fortune global 100. fortinet’s flagship fortigate product delivers asic-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. fortinet’s broad product line goes beyond utm to help secure the extended enterprise – from endpoints, to the perimeter and the core, including databases and applications. fortinet is headquartered in sunnyvale, calif., with offices around the world.