Fortinet Stock Price, News & Analysis

Fortinet has launched the FortiGate 4400F, the world's first hyperscale firewall, designed to enhance cybersecurity for hyperscale data centers and 5G networks. This new firewall utilizes the NP7 network processor, providing up to 13 times better performance than competitors. It addresses the growing need for secure, high-speed connections, supporting millions of simultaneous connections while preventing DDoS attacks. The FortiGate 4400F aims to solve the security challenges faced by modern businesses, offering unmatched scalability and security in a single appliance.

Fortinet (NASDAQ: FTNT) has announced significant advancements in its Secure SD-WAN solutions, particularly with the launch of the FortiGate 80F appliance. This innovation showcases a 247% year-over-year revenue growth in Fortinet's SD-WAN segment, leading to its recognition as the fastest-growing vendor in the industry. The new appliance offers advanced networking capabilities and robust security features optimized for multi-cloud environments. Fortinet's strategic focus on scalable SD-WAN solutions positions it as a market leader, providing enterprises with enhanced application experiences and operational efficiencies.

Fortinet (NASDAQ: FTNT) announced its Security-as-a-Service (SECaaS) offerings through FortiCloud, which helps clients like Continent 8 Technologies, Illinois State Treasurer, and SuperCare Inc. manage and secure their cloud environments efficiently. FortiCloud simplifies security management, reducing complexities and risks associated with multi-cloud environments. The platform provides comprehensive security solutions, enhancing both on-premises and cloud security, while customers report improved visibility and streamlined operations.

Fortinet (NASDAQ: FTNT), a leader in integrated cybersecurity solutions, announced the acquisition of OPAQ Networks, a Secure Access Service Edge (SASE) cloud provider. This strategic move enhances Fortinet's SASE offerings by integrating OPAQ's Zero Trust Network Access (ZTNA) cloud solution, thus protecting distributed networks including IoT devices. The deal positions Fortinet to deliver a robust, partner-friendly SASE platform that emphasizes scalability and security, leveraging their patented zero-trust cloud architecture. Financial terms of the acquisition remain undisclosed.

Fortinet (NASDAQ: FTNT) has launched its Secure SD-WAN for Multi-Cloud, addressing challenges in application performance, visibility, and control across various cloud services. With 93% of enterprises adopting multi-cloud strategies, Fortinet's solution provides seamless connectivity and security across diverse environments, eliminating deployment complexities and reducing costs. It features automated network overlays, centralized management, and optimized application traffic routing. This innovation complements Fortinet's existing offerings, providing an efficient architecture for enterprises in the evolving cloud landscape.

Fortinet (NASDAQ: FTNT), a leader in cybersecurity solutions, announced that its Secure SD-WAN has achieved MEF 3.0 SD-WAN certification. This certification validates Fortinet's compliance with high industry standards for SD-WAN performance, assurance, and agility. Fortinet is among the first technology vendors certified, highlighting its commitment to WAN transformation for enterprises and service providers. The company has been engaged with MEF since 2017 and is developing new security standards for SD-WAN services.

Fortinet and ElevenPaths have expanded their partnership to enhance managed security services for the industrial sector. This collaboration will leverage Fortinet's Security Fabric solutions to bolster protection for organizational OT, IT, and IoT environments amidst increasing security demands. Alberto Sempere of ElevenPaths emphasizes the need to manage security risks introduced by digital transformations, while Fortinet's extensive OT security suite offers comprehensive solutions to secure critical infrastructures. This alliance positions ElevenPaths as a leader in industrial cybersecurity.

Fortinet (NASDAQ: FTNT) has launched the Fortinet Corporate Foundation to enhance its global community impact and Corporate Social Responsibility initiatives. The foundation will match multi-million dollar employee contributions to support COVID-19 relief efforts. It aims to advance cybersecurity education and training while boosting public-private partnerships. Additional efforts include disaster relief in collaboration with the Information Technology Disaster Resource Center, leveraging technology to aid underserved communities.

Fortinet (NASDAQ: FTNT) announced its 2020 Annual Meeting of Stockholders will be held virtually on June 19, 2020, at 10:00 a.m. Pacific time. This decision was made due to the public health implications of the COVID-19 pandemic, ensuring the safety of stockholders and participants. Stockholders of record from April 24, 2020, can register to attend the meeting by following specific instructions provided. Voting is encouraged ahead of the meeting, and questions can be submitted during the event for those attending virtually.