Latest news with #FortiGate
Techday NZ
23-07-2025
- Business
- Techday NZ
Fortinet adds quantum-safe encryption to FortiOS 7.6 update
Fortinet has announced enhancements to its FortiOS operating system that aim to protect organisations against potential threats posed by quantum computing to existing encryption standards. Quantum security risks The evolution of quantum computing has raised concerns among cybersecurity professionals and organisations responsible for sensitive data. Quantum computers, which utilise principles of quantum mechanics, are expected to process complex calculations significantly faster than current technology, making it feasible to break traditional encryption methods protecting network and user information. Industries such as telecommunications, financial services, government, and healthcare are seen as particularly at risk because they handle data that must remain confidential over many years. Some cybercriminals are already engaging in so-called "harvest-now, decrypt-later" attacks, where they collect encrypted data with the intention of decrypting it in the future as more powerful quantum computers become available. New capabilities in FortiOS Fortinet's latest FortiOS release, version 7.6, includes features intended to allow customers to deploy quantum-safe encryption methods and transition to post-quantum security environments. These features are integrated and available to users of FortiGate next-generation firewall and Fortinet Secure SD-WAN at no additional cost. The update includes support for post-quantum cryptography (PQC) methods such as National Institute of Standards and Technology (NIST)-approved algorithms like ML-KEM, as well as emerging algorithms BIKE, HQC, and Frodo. Quantum key distribution (QKD) support is also included, providing a method for securely exchanging encryption keys using quantum mechanics so that any attempts at eavesdropping can be detected. QKD support was initially introduced in FortiOS 7.4, allowing compatibility with various QKD technology providers through standardised interfaces. To improve overall resilience, the system allows for algorithm stacking – the use of multiple cryptographic algorithms in tandem. Other enhancements include a hybrid mode, where both conventional public-key cryptography and QKD can operate together, and an updated user interface to simplify the management of quantum-safe settings by network administrators. Industry perspective Michael Xie, Founder, President, and Chief Technology Officer at Fortinet, said, "At Fortinet, we're committed to arming customers with cutting-edge technology to protect against new and emerging threats. As quantum computing advances, organisations can trust Fortinet's technology innovation and leadership to safeguard their critical data and future-proof their infrastructures. Many enterprises are eager to take action to protect their networks from quantum-powered threats. That's why we've made cutting-edge, quantum-safe features available today for FortiGate next-generation firewall and Fortinet Secure SD-WAN customers, so they can confidently transition to post-quantum security." Deployment and future-proofing The approach of integrating both networking and security in one operating system allows Fortinet to deliver contemporaneous security updates, such as these new quantum-resistant capabilities. By deploying these features now, customers can address security needs prompted by developments in quantum technology while ensuring current performance levels are not impacted. The update is positioned as part of Fortinet's focus on providing practical tools for organisations managing sensitive or long-term data. The inclusion of PQC methods and QKD is intended to assist IT teams in preparing their infrastructure for future threats, rather than responding retroactively once quantum attacks become practical. With the rollout of FortiOS 7.6, organisations have access to quantum-safe encryption and key distribution options alongside the ability to stack algorithms for layered protection and migrate to hybrid or fully post-quantum environments as required. The user interface changes are intended to aid a smoother adoption process and reduce operational complexity for administrators. Fortinet's strategy continues to be rooted in the convergence of networking and security in a single platform, with updates such as the latest FortiOS release reflecting ongoing adjustments to emerging threat landscapes including the advent of quantum computing.
Yahoo
09-07-2025
- Business
- Yahoo
If You Invested $1000 in Fortinet a Decade Ago, This is How Much It'd Be Worth Now
How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries. Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks. What if you'd invested in Fortinet (FTNT) ten years ago? It may not have been easy to hold on to FTNT for all that time, but if you did, how much would your investment be worth today? With that in mind, let's take a look at Fortinet's main business drivers. Headquartered in Sunnyvale, CA, Fortinet, Inc. is a provider of network security appliances and Unified Threat Management (UTM) network security solutions to enterprises, service providers and government entities solutions are designed to integrate multiple levels of security protection, including firewall, virtual private networking (VPN), antivirus, intrusion prevention (IP), web filtering, anti-spam and wide area network (WAN) its products and subscription services, the company provides integrated protection against dynamic security threats while simplifying the IT security infrastructure. Its solutions incorporate application-specific integrated circuits, hardware architecture, operating system, and associated security and networking functions to defend against multiple categories of IT security attacks without impacting network company's network security gateways protect customer data, reduce security complexities and lower the total cost of ownership. Customers are able to implement their security policies on traffic between internal networks and the Internet, as well as between internal and private networks shared with flagship UTM solution consists of the FortiGate appliance product line and FortiGuard security subscription products and services are sold through a network of more than 20,000 channel partners worldwide, including distributors, resellers, value-added resellers and managed service providers. The company caters to more than 450,000 customers worldwide that includes most of the Fortune 100 reported revenues of $5.96 billion in 2024, which increased 12.3% from 2023. Product revenue was $1.91 billion, down 1% while Service revenue of $4.05 billion improved 19.8% year over year in company faces significant competition with Palo Alto Networks, CyberArk, Qualys and Cisco in the network security as well as cloud security space. Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Fortinet a decade ago, you're probably feeling pretty good about your investment today. According to our calculations, a $1000 investment made in July 2015 would be worth $13,253.64, or a gain of 1,225.36%, as of July 9, 2025, and this return excludes dividends but includes price increases. Compare this to the S&P 500's rally of 204.18% and gold's return of 173.13% over the same time frame. Going forward, analysts are expecting more upside for FTNT. Fortinet's top-line is benefiting from strength in demand from large enterprise customers and growth in the company's security subscriptions amid a slowdown in networking products, along with challenges in sales execution and marketing efficiency. Continued deal wins, especially those of high value, are a key driver. Higher IT spending on cybersecurity is further expected to aid Fortinet in the near-term. The focus on enhancing its unified threat management (UTM) portfolio through product development and acquisitions is a tailwind. We expect 2025 net sales to rise 13% from 2024. However, stiff competition from Palo Alto Networks, Cisco Systems and Check Point Software among others due to increasing consolidation in the security industry poses concerns. Increased hiring and mergers & acquisitions spending remain overhangs on margin. Over the past four weeks, shares have rallied 5.82%, and there have been 3 higher earnings estimate revisions in the past two months for fiscal 2025 compared to none lower. The consensus estimate has moved up as well. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
30-06-2025
- Business
- Globe and Mail
What Makes FortiGate the Core Driver of Fortinet's Product Growth?
Fortinet 's FTNT FortiGate platform remains central to its secure networking strategy. As the first product for most customers, FortiGate firewalls help drive hardware adoption and make it easy to expand into other solutions. Powered by Fortinet's FortiASIC chips and unified FortiOS software, FortiGate delivers strong performance, simpler management and lower energy use. These strengths have supported wide adoption and helped Fortinet grow its market share. Customers often begin with FortiGate and later integrate Fortinet's switches, access points or software offerings through FortiLink and FortiOS. Large enterprise wins, such as an eight-figure deal with a Fortune 500 company in the first quarter of 2025, highlight the increasing stickiness of FortiGate-driven customer relationships. Fortinet launched the FortiGate 700G series in May, a high-performance firewall designed for mid-sized businesses and distributed enterprises. This new model delivers a 5-10 times performance boost over competitors and strengthens Fortinet's value proposition by combining performance with energy efficiency and low total cost of ownership. The company believes continued product innovation and deeper enterprise penetration will fuel near-term top-line growth. In the first quarter of 2025, product revenues, which accounted for 30% of total revenues, grew 12% year over year to $459 million. FortiGate hardware outpaced overall product growth, expanding in the mid-teens and remaining Fortinet's primary product driver. Our model estimate for 2025 product revenues is pegged at $2.14 billion, indicating 12.3% growth year over year. FTNT Faces Stiff Competition in the Firewall Space Fortinet faces increasing competition from Palo Alto Networks PANW and Check Point Software CHKP, both of which are seeing strong adoption of their firewall capabilities. In the third quarter of fiscal 2025, Palo Alto Networks saw 20% year-over-year growth in its Software Firewall ARR, driven by public cloud deployments. As AI accelerates cloud adoption, Palo Alto Networks' long-term demand for software firewalls is likely to expand. It is also seeing stable demand for its firewall appliances. In the first quarter of 2025, Check Point Software saw strong demand for its Quantum Force firewall appliances, which drove a 14% year-over-year rise in product and license revenues. Check Point Software expects this firewall momentum to continue through 2026, as customers increasingly adopt its next-generation appliances amid broader infrastructure refresh cycles. FTNT's Share Price Performance, Valuation and Estimates FTNT shares have risen 11.1% in the year-to-date (YTD) period, underperforming the Zacks Security industry's growth of 23.4%. FTNT has outperformed the Zacks Computer and Technology sector's return of 6.1%. FTNT's YTD Price Performance From a valuation standpoint, Fortinet stock is currently trading at a Price/Book ratio of 40.17X compared with the industry's 24.88X. FTNT has a Value Score of F. FTNT Valuation Image Source: Zacks Investment Research The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 59 cents per share, unchanged over the past 30 days, indicating 3.51% year-over-year growth. Fortinet currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Check Point Software Technologies Ltd. (CHKP): Free Stock Analysis Report Fortinet, Inc. (FTNT): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report
Yahoo
30-06-2025
- Business
- Yahoo
What Makes FortiGate the Core Driver of Fortinet's Product Growth?
Fortinet's FTNT FortiGate platform remains central to its secure networking strategy. As the first product for most customers, FortiGate firewalls help drive hardware adoption and make it easy to expand into other solutions. Powered by Fortinet's FortiASIC chips and unified FortiOS software, FortiGate delivers strong performance, simpler management and lower energy use. These strengths have supported wide adoption and helped Fortinet grow its market often begin with FortiGate and later integrate Fortinet's switches, access points or software offerings through FortiLink and FortiOS. Large enterprise wins, such as an eight-figure deal with a Fortune 500 company in the first quarter of 2025, highlight the increasing stickiness of FortiGate-driven customer launched the FortiGate 700G series in May, a high-performance firewall designed for mid-sized businesses and distributed enterprises. This new model delivers a 5-10 times performance boost over competitors and strengthens Fortinet's value proposition by combining performance with energy efficiency and low total cost of ownership. The company believes continued product innovation and deeper enterprise penetration will fuel near-term top-line the first quarter of 2025, product revenues, which accounted for 30% of total revenues, grew 12% year over year to $459 million. FortiGate hardware outpaced overall product growth, expanding in the mid-teens and remaining Fortinet's primary product driver. Our model estimate for 2025 product revenues is pegged at $2.14 billion, indicating 12.3% growth year over year. Fortinet faces increasing competition from Palo Alto Networks PANW and Check Point Software CHKP, both of which are seeing strong adoption of their firewall the third quarter of fiscal 2025, Palo Alto Networks saw 20% year-over-year growth in its Software Firewall ARR, driven by public cloud deployments. As AI accelerates cloud adoption, Palo Alto Networks' long-term demand for software firewalls is likely to expand. It is also seeing stable demand for its firewall the first quarter of 2025, Check Point Software saw strong demand for its Quantum Force firewall appliances, which drove a 14% year-over-year rise in product and license revenues. Check Point Software expects this firewall momentum to continue through 2026, as customers increasingly adopt its next-generation appliances amid broader infrastructure refresh cycles. FTNT shares have risen 11.1% in the year-to-date (YTD) period, underperforming the Zacks Security industry's growth of 23.4%. FTNT has outperformed the Zacks Computer and Technology sector's return of 6.1%. Image Source: Zacks Investment Research From a valuation standpoint, Fortinet stock is currently trading at a Price/Book ratio of 40.17X compared with the industry's 24.88X. FTNT has a Value Score of F. Image Source: Zacks Investment Research The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 59 cents per share, unchanged over the past 30 days, indicating 3.51% year-over-year growth. Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote Fortinet currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report Fortinet, Inc. (FTNT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
22-05-2025
- Business
- Techday NZ
IP Fabric unveils upgrade to boost firewall visibility & compliance
IP Fabric has launched a new release designed to enhance firewall discovery and simulation for enterprise security and compliance. The upgrade introduces features that support IT and security teams in achieving complete visibility into network traffic, focusing on encrypted data transfers, misconfiguration identification, and policy enforcement across both local and cloud-based systems. The company has pointed to research suggesting that up to 20% of enterprise networks have misconfigurations, including critical firewalls that help stop malicious activity. These faults contribute to security vulnerabilities that organisations need to tackle to comply with global regulatory frameworks such as NIST, CIS, ISO 27001 and SOC 2. The new version, named IP Fabric 7.2, provides firewall filtering simulation, transparent firewall discovery and visualisation, enhanced compliance checks, and more granular access control mechanisms. These tools work across various vendors and are intended to help organisations streamline their security operations and respond more effectively to network risks. The platform allows users to visualise firewall devices, Layer 2 transparent firewalls, encrypted IPSec tunnels, and to model various network elements, including misconfigurations and traffic paths, providing what the company describes as comprehensive insight into an organisation's infrastructure. Pavel Bykov, CEO and co-founder of IP Fabric, commented on the release: "Infrastructure defence shouldn't live in silos, but too often our tools and teams do. We're giving IT and security teams a shared, end-to-end understanding of how traffic flows, including how it's encrypted, filtered and enforced across transparent firewalls and IPSec tunnels. When you can visualise devices, end-to-end paths, misconfigurations and gaps in your defence in context, you can take informed action to strengthen your security posture, prove continuous compliance and avoid unbudgeted costs." The update offers several specific enhancements. The firewall filtering simulation feature enables teams to see how traffic is permitted or blocked on the basis of URLs, threat intelligence feeds and domain names. Transparent firewall discovery and visualisation now include support for hardware from Palo Alto Networks, FortiGate, and Firepower, providing broader monitoring capabilities and aiding the detection of network defence gaps. Compliance and intent checks have also received attention. The new tools allow users to identify all devices involved in a traffic path, correlate vulnerabilities using mapped CVEs, and conduct tailored assessments to flag misconfigurations that may lead to regulatory non-compliance. These checks are intended to speed up audit preparations in line with the requirements of international industry frameworks. Access control improvements allow organisations to enforce stricter user permissions on who can deploy or alter automation scripts. This measure is aimed at reducing the likelihood of unauthorised network changes and supporting compliance needs. The company describes its firewall management approach as next-generation, with the capability to ensure consistent security policy enforcement across on-premises installations and public cloud infrastructures, regardless of the firewall vendor. This is expected to help enterprises react rapidly to any compliance or behavioural changes detected within their network. The company said in its release that, "By delivering unparalleled visibility and control into security policies, firewall enforcement and compliance posture, IP Fabric's latest release empowers enterprises to close security gaps before attackers exploit them." The new release is aimed at helping customers meet fiduciary and regulatory demands for secure and cost-effective infrastructure management, providing audit-ready insights and actionable intelligence to reduce risk. The feature set is intended to fit into existing operational environments by supporting integration with commonly used firewall management systems.
