Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Sriraj Kalluvila and Devika Syamnath
FortiSandbox approach - FortiSandbox Specialist Updated: 2023
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FortiSandbox FortiSandbox Specialist
Exam Details:
- Number of Questions: The number of questions in the FortiSandbox Specialist exam can vary, but it typically consists of around 30 to 40 multiple-choice questions. The exact number of questions may depend on the specific version of the exam.
- Time: Candidates are usually given a specific time limit to complete the FortiSandbox Specialist exam, which is typically around 60 to 90 minutes. It is important to manage time effectively to ensure all questions are answered within the allocated time.
Course Outline:
The FortiSandbox Specialist certification program focuses on providing knowledge and skills related to the deployment, configuration, and management of FortiSandbox, which is a threat analysis and advanced malware detection solution. While the specific course outline may vary, the exam generally covers the following key areas:
1. FortiSandbox Overview:
- Introduction to FortiSandbox and its role in a network security infrastructure.
- Understanding the components and architecture of FortiSandbox.
- Overview of threat analysis and advanced malware detection concepts.
2. FortiSandbox Deployment and Configuration:
- Planning and preparing for the deployment of FortiSandbox.
- Integration of FortiSandbox with other security solutions (e.g., FortiGate, FortiAnalyzer).
- Configuring network interfaces, security policies, and system settings in FortiSandbox.
- Implementing and managing sandboxing profiles and analysis engines.
3. FortiSandbox Operation and Management:
- Monitoring and analyzing sandboxed files and activities.
- Interpreting and reporting on sandbox analysis results.
- Implementing remediation actions based on sandbox analysis findings.
- Troubleshooting common issues and optimizing performance in FortiSandbox.
4. Advanced Threat Protection:
- Understanding advanced malware techniques and evasion mechanisms.
- Exploring advanced threat protection features in FortiSandbox.
- Integration of FortiSandbox with other security tools for comprehensive threat defense.
Exam Objectives:
The objectives of the FortiSandbox Specialist exam typically include:
- Assessing the candidate's understanding of FortiSandbox concepts, components, and architecture.
- Evaluating the candidate's knowledge and ability to deploy and configure FortiSandbox in a network environment.
- Testing the candidate's proficiency in operating and managing FortiSandbox for threat analysis and malware detection.
- Assessing the candidate's troubleshooting skills and ability to optimize FortiSandbox performance.
- Evaluating the candidate's understanding of advanced threat protection techniques and their application in FortiSandbox.
Exam Syllabus:
The specific exam syllabus for the FortiSandbox Specialist certification may vary, but it generally includes the following topics:
1. FortiSandbox Overview:
- Introduction to FortiSandbox
- Threat analysis and advanced malware detection
2. FortiSandbox Deployment and Configuration:
- Deployment planning and preparation
- Integration with other security solutions
- Network interfaces and security policies
- Sandboxing profiles and analysis engines
3. FortiSandbox Operation and Management:
- Monitoring and analysis of sandboxed files
- Reporting on sandbox analysis results
- Remediation actions based on analysis findings
- Troubleshooting and performance optimization
4. Advanced Threat Protection:
- Advanced malware techniques and evasion mechanisms
- Advanced threat protection features in FortiSandbox
- Integration with other security tools
Fortinet FortiSandbox approach
Other Fortinet exams
FCESP Fortinet Certified Email Security ProfessionalFCNSA Fortinet Certified Network Security Administrator
FCNSP Fortinet Certified Network Security Professional
NSE6 Fortinet Network Security Expert 6
FortiSandbox FortiSandbox Specialist
FML-5.3.8 FML-5.3.8 FortiMail 5.3.8 Specialist
NSE8_811 Fortinet NSE 8 Written Exam
NSE4_FGT-7.0 Fortinet NSE 40 - FortiOS 7.0
NSE5_FMG-7.0 Fortinet NSE 5 - FortiManager 7.0
NSE5_FAZ-7.0 Fortinet NSE 5 - FortiAnalyzer 7.0
NSE7_EFW-7.0 Fortinet NSE 7 - Enterprise Firewall 7.0
NSE4_FGT-7.2 Fortinet NSE 4 - FortiOS 7.2
NSE8-812 NSE 8 - Network Security Expert 8 Written
FortiSandbox
FortiSandbox Specialist
https://killexams.com/pass4sure/exam-detail/FortiSandbox
Question: 17
Which are true about activating the Microsoft Office license in a FortiSandbox? (Choose
two.)
A. Happens simultaneously with the activation of the Windows licenses
B. Does not require Internet access
C. Requires that you get a license file from the Fortinet support website
D. Requires you to enter the key in the FortiSandbox GUI
Answer: C, D
Question: 18
Based on the exhibit, which are true? (Choose two.)
A. Depending on the version indicated in the PDF file, FortiSandbox will scan using
only one PDF reader (either Adobe Reader 9 or Adobe Reader 11).
B. If there are no Internet Explorer 10 installations in your network, you can safely
disable the scanning of Adobe Flash with Microsoft Internet Explorer 10.
C. FortiSandbox will scan all Flash applications using Internet Explorer 10. This does
not guarantee safety for Internet Explorer 8.
D. You can safely disable the PDF scanning with Acrobat Reader 9 because PDF
scanning with Acrobat Reader 11 is enabled.
Answer: A, C
Question: 19
Which protocols are supported for archiving scan job reports? (Choose two.)
A. CIFS
B. NFSv2
C. SMB
D. FTP
Answer: A, B
Question: 20
The Windows licenses in a FortiSandbox could be locked because they have exceeded
the maximum number of allowed activations. What should the administrator do to fix
the problem?
A. Contact Microsoft support.
B. Restore a backup of the configuration taken before the licenses became locked.
C. Reinstall the license files.
D. Contact Fortinet support.
Answer: D
Question: 21
Based on the exhibit, which files will be sent to FortiSandbox? (Choose three.)
A. A 7 MB PDF attachment to an email, sent over SMTP.
B. A 3 MB archive that decompresses to 16 MB, sent over HTTP.
C. A 3 MB Flash video, sent over HTTP.
D. An 11 MB EXE file, sent of HTTP, detected as suspicious.
E. A 5 MB EXE file attached to an email, sent over POP3, detected as known malware.
Answer: A, C, D
For More exams visit https://killexams.com/vendors-exam-list
Kill your exam at First Attempt....Guaranteed!
Cybersecurity pure-play leader Fortinet (FTNT -1.25%) got clobbered again after investors were disappointed with another quarterly financial update. The third quarter of 2023 was solid enough. However, the company's product growth (primarily firewalls for things like data centers and remote branch offices) is facing cyclical decline.
Is it time to buy, or is Fortinet stock now a falling knife too dangerous to try to catch?
Fortinet stepping away from its differentiated product, for now
There were two reasons for Fortinet's most recent stock collapse, which has now erased all gains made in 2023. First, management missed its own guidance for Q3 2023 billings (invoices sent to customers). Billings were $1.49 billion, versus the outlook three months ago for them to be $1.56 billion to $1.62 billion.
And second, at the midpoint of new guidance, billings are expected to close out 2023 down 5% from the $1.7 billion reported in Q4 of 2022.
What's happening? After all, cybersecurity is a booming industry. As more organizations migrate their IT over to the cloud, there is incredible demand for next-gen security that can keep data and apps safe.
Primarily, it's Fortinet's big chunk of business tied to product, again, primarily hardware-based firewalls that monitor traffic for a physical location. Product revenue accounted for 35% of the total in Q3. And unfortunately, sales declined 0.6% year over year. Given a deepening down cycle in data center and cloud infrastructure (many customers are doing belt-tightening this year, and reallocating budgets to AI infrastructure), it's no surprise Fortinet believes this segment will remain in a period of decline through the first half of 2024.
But Fortinet is making a pivot toward a new subscription product (services were the other 65% of revenue in Q3) to make up for the hardware downturn. Specifically, it's the SASE (secure access service edge) offering, which it announced a couple weeks prior to the earnings update that it was expanding, utilizing dozens of Alphabet's Google Cloud data centers to strengthen its "Universal SASE."
Fortinet revealed its SASE subscription already represented 20% of billings in Q3, and the company thinks it can grow this offering quickly in the coming quarters and years given the resilient demand for cloud-based security, despite the firewall hardware pullback.
Is this a buying opportunity?
The billings picture looks ugly, but Fortinet management thinks it can still be a single-digit-percentage revenue-growth business through at least Q2 2024. Beyond that, the top team hopes to be back in a mid- to high-teens percentage growth rate once again. And paired with its highly profitable core business, Fortinet believes it can sustain adjusted operating profit margins north of 25% along the way, which should equate to its prior long-term guidance for free-cash-flow profit margins of over 30%.
Data by YCharts.
Of course, I can understand why an investor might doubt this management confidence, given it just missed its guidance two quarters in a row. However, Fortinet would like to remind everyone it has done an exceptional job of clobbering the market since its initial public offering in 2009. That may count for something.
At any rate, it's now up to the top team at Fortinet to execute on this SASE product bridge while the hardware market stabilizes. I expect more turbulence going forward. However, I'm inclined to believe this is still a great business for those eyeing the potential of the cybersecurity market overall in the decade ahead, not a falling knife (at least not for forever).
Fortinet stock now trades for 35 times trailing-12-month earnings, or just 19 times free cash flow. It could be a reasonable value after the market has doled out some punishment, but tread cautiously.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Nicholas Rossolillo and his clients have positions in Alphabet and Fortinet. The Motley Fool has positions in and recommends Alphabet and Fortinet. The Motley Fool has a disclosure policy.
Fortinet Total Addressable Market (TAM): Fortinet’s research & development (R&D) and go-to-market (GTM) strategy will be organized around three markets: Secure Networking, Universal SASE, and Security Operations. (Image courtesy of Fortinet)
Concentration on Secure Networking, Universal SASE, and Security Operations markets, including strategic R&D and GTM investments, will accelerate Fortinet’s global business expansion
SUNNYVALE, Calif., Nov. 02 (Korea Bizwire) –
News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it is sharpening its business focus to prioritize high-growth, differentiated markets. Effective today, the company’s research & development (R&D) and go-to-market (GTM) strategy will be organized around three markets: Secure Networking, Universal SASE, and Security Operations. This evolution underscores and reaffirms the company’s commitment to providing value to its customers and fostering a culture of innovation.
“Throughout our over 20-year history, Fortinet’s commitment to continual evolution has enabled us to remain at the forefront of innovation that supports our customers in safeguarding their infrastructure and data,” said Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet. “Throughout this time, our founding principles of converging networking and security and consolidating point products into an integrated platform continue to reverberate across today’s cybersecurity market. Looking forward, we are confident that this is the right time to focus our operations around Secure Networking, Universal SASE, and Security Operations.”
Fortinet’s existing portfolio of integrated and organically developed products and services has a distinct competitive advantage in these three critical markets, making technology the cornerstone of this strategic shift.
- The Secure Networking market is expected to grow at nearly 9 percent annually to $86 billion in 2027. It consists primarily of network firewalls, secure switches, access points, and 5G gateways. As Fortinet’s firewall business grows, its revenue for attached AI-powered FortiGuard Security Services is expected to grow as well. As Fortinet’s largest addressable market—and one where Fortinet is the leader in both firewall revenues and units shipped—secure networking remains an essential part of its strategy.
- The Universal SASE market is expected to grow nearly 20 percent annually to $36 billion by 2027. It comprises SD-WAN, SWG, CASB, DLP, ZTNA, SASE, and other cloud-native networking and security technologies designed to simplify the implementation of a zero-trust strategy. Fortinet is the only company with a SASE solution that can perform all functions in the cloud or in an appliance, all supported through a common operating system, networking and security stack, and management console. Fortinet was recently included in the inaugural 2023 Gartner Magic Quadrant for Single-Vendor SASE.
- The Security Operations market is expected to grow just over 14 percent annually to $78 billion by 2027. Fortinet’s SecOps platform is the most comprehensive, integrated, and broadest in the industry, providing EDR, SIEM, SOAR, NDR, and additional integrated enterprise-grade cybersecurity technologies to help organizations gain control and insight into their distributed operations.
Fortinet is uniquely positioned to deliver Secure Networking, Universal SASE, and Security Operations solutions as integrated platforms underpinned by AI-driven technologies, unified management, leading threat intelligence, and one of the largest open ecosystems in the industry.
Operational technology (OT) systems differ significantly from traditional IT systems; with that in mind, Fortinet will also continue to deliver OT-aware security capabilities across all three areas, as well as provide OT-specific InfoSec tools, threat intelligence, and integration with third-party OT solutions to reduce risk and effectively secure OT environments.
In connection with re-focusing its technology investments, Fortinet will continue to drive its industry-leading innovation engine through a culture that encourages and rewards innovative thinking. This approach has already resulted in 949 U.S. industry patents—over two times more than the next closest cybersecurity competitor. Strategic shifts in Fortinet’s R&D investments have already resulted in the following major product launches and enhancements in 2023:
- Secure Networking: Fortinet made significant strides in network security and secure connectivity innovation, particularly in the evolution of NGFW to Hybrid Mesh Firewall. Fortinet introduced the Security Processor 5 (SP5) ASIC to accelerate networking and security convergence across network edges with the introduction of new higher-performance FortiGate 90G, FortiGate 120G, and FortiGate 900G appliances. ASICs continue to showcase Fortinet’s dedication to sustainability, providing customers with power efficient products with a smaller footprint to minimize environmental impact. Notably, a Forrester Total Economic Impact (TEI) analysis revealed substantial ROI and payback for enterprise data centers utilizing FortiGate appliances with FortiGuard AI-powered security services deployed as a Hybrid Mesh Firewall. Fortinet also announced newer switches to deliver intelligent, scalable connectivity that seamlessly integrates with AIOps to simplify network operations.
- Universal SASE: Fortinet introduced innovations across SD-WAN and SSE to ensure secure access for hybrid workforces across the internet, SaaS, and private applications. In 2023, Fortinet expanded its network reach to over 100 global locations through strategic partnerships with providers such as Google Cloud and investments in Fortinet’s own SASE locations. These innovations prioritize unified management and end-to-end digital experiences, enabling automated operations and network visibility for Fortinet customers. For existing SD-WAN clients, Fortinet enabled seamless integration with FortiSASE to provide secure private access to a broader range of applications. Fortinet also introduced enhancements across ZTNA, DLP, and inline-CASB, reinforcing the company’s commitment to supporting customers in achieving a Zero Trust security posture for all applications and data. In addition, Fortinet recently expanded its flexible consumption model using FortiFlex to extend AI-powered security services across today’s hybrid environments.
- Security Operations: In 2023, Fortinet announced enhancements across its security operations portfolio to introduce tighter integration and Strengthen its ability to automate detection and response, accelerating discovery and remediation. Significant updates included new AI and machine learning capabilities and additional real-time response and automation capabilities to Strengthen efficacy, increase effectiveness, and accelerate time to resolution of sophisticated attacks. In addition to technology, an expanded set of FortiGuard expert services, including SOC-as-a-Service, were introduced to uplevel the skill and efficiency of SecOps people and processes.
Fortinet’s investments in R&D are complemented by strategic shifts in its GTM investments that will also be centered around Secure Networking, Universal SASE, and Security Operations. Sales will be organized around these three strategic areas, enabled by training and marketing support, to ensure enhanced market penetration and improved customer engagement.
Additional Resources
- Learn about Fortinet’s free cybersecurity training, which includes broad cyber awareness and product training. As part of the Fortinet Training Advancement Agenda (TAA), the Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs.
- Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks.
- Learn more about Fortinet’s FortiGuard Security Services portfolio.
- Read about how Fortinet customers are securing their organizations.
- Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.
About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.
FTNT-O
Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently Checked statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.
This press release contains forward-looking statements that involve risks and uncertainties that may cause genuine future results to differ from the forward-looking statement. These forward-looking statements include all statements regarding future results and predictions, such as any indications related to future market share gains, statements regarding any new focus or strategy accelerating Fortinet’s business expansion, guidance and expectations around future financial results, statements regarding the momentum in our business and future growth expectations, any statements regarding our market opportunity and market size, and business momentum. Although we attempt to be accurate in making forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based such that genuine results are materially different from our forward-looking statements in this release. Important factors that could cause results to differ materially from the statements herein include the following: general economic risks, including those caused by economic challenges, a possible economic downturn or recession and the effects of inflation or stagflation, rising interest rates or reduced information technology spending; instability in the global banking system; supply chain challenges due to the current global environment; negative impacts from the ongoing war in Ukraine and its related macroeconomic effects and our decision to reduce operations in Russia, as well as the war in the Middle East; competitiveness in the security market; the dynamic nature of the security market and its products and services; specific economic risks worldwide and in different geographies, and among different customer segments; uncertainty regarding demand and increased business and renewals from existing customers; uncertainties around continued success in sales growth and market share gains; uncertainties in market opportunities and the market size; genuine or perceived vulnerabilities in our supply chain, products or services, and any genuine or perceived breach of our network or our customers’ networks; longer sales cycles, particularly for larger enterprise, service providers, government and other large organization customers; the effectiveness and productivity of our salesforce and failure to convert sales pipeline into final sales; risks associated with successful implementation of multiple integrated software products and other product functionality risks; risks associated with integrating acquisitions and changes in circumstances and plans associated therewith, including, among other risks, changes in plans related to product and services integrations, product and services plans and sales strategies; sales and marketing execution risks; execution risks around new product development and introductions and innovation; litigation and disputes and the potential cost, distraction and damage to sales and reputation caused thereby or by other factors; cybersecurity threats, breaches and other disruptions; market acceptance of new products and services; the ability to attract and retain personnel; changes in strategy; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations; technological changes that make our products and services less competitive; risks associated with the adoption of, and demand for, our products and services in general and by specific customer segments, including those caused by competition and pricing pressure; excess product inventory for any reason, including those caused by the effects of increased inflation and interest rates in certain geographies and the wars in Ukraine and the Middle East; risks associated with business disruption caused by natural disasters and health emergencies such as earthquakes, fires, power outages, typhoons, floods, health epidemics and viruses, and by manmade events such as civil unrest, labor disruption, international trade disputes, international conflicts such as the wars in Ukraine and the Middle East or tensions between China and Taiwan, terrorism, wars, and critical infrastructure attacks; tariffs, trade disputes and other trade barriers, and negative impact on sales based on geo-political dynamics and disputes and protectionist policies; any political and government disruption around the world, including the impact of any future shutdowns of the U.S. government; and the other risk factors set forth from time to time in our most recent Annual Report on Form 10-K, our most recent Quarterly Report on Form 10-Q and our other filings with the Securities and Exchange Commission (“SEC”), copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from our investor relations department. All forward-looking statements herein reflect our opinions only as of the date of this release, and we undertake no obligation, and expressly disclaim any obligation, to update forward-looking statements herein in light of new information or future events.
| Media Contact: | Investor Contact: | Analyst Contact: |
| Michelle Zimmermann | Peter Salkowski | Brian Greenberg |
| Fortinet, Inc. | Fortinet, Inc. | Fortinet, Inc. |
| 408-235-7700 | 408-331-4595 | 408-235-7700 |
| pr@fortinet.com | psalkowski@fortinet.com | analystrelations@fortinet.com |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35b7af75-0647-4ac6-a88b-fb19e48d5355
Source: Fortinet, Inc. via GLOBE NEWSWIRE
Over 100 FortiSASE cloud locations for worldwide coverage, a new FortiGate SASE appliance, and more flexible security consumption options support enterprise organizations’ adoption of Fortinet Universal SASE
SUNNYVALE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) —
Article content
News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the expansion of its Universal SASE offering to empower today’s hybrid workforce with FortiOS everywhere.
Article content
“The Fortinet operating system, FortiOS, is the industry’s only enterprise-grade converged operating system able to support all SASE functions, including firewall, SD-WAN, secure web gateway, encryption/decryption, CASB, DLP, and ZTNA, whether deployed in an appliance or cloud-delivered from Fortinet,” said Ken Xie, Founder, Chairman of the Board, and CEO. “This approach enables over 30 converged networking and security functions to be managed through a single console. 14 of these functions are accelerated when deployed on our new FortiASIC Security Processor 5-based FortiGate 120G SASE appliance.”
Expanding Fortinet Universal SASE
Single-vendor SASE provides flexible access to critical resources and applications for users and devices. However, most enterprises rely on different vendors for each SASE function, which introduces significant challenges of controlling different operating system functionality and management consoles. Fortinet Universal SASE takes traditional single-vendor SASE one step further, providing consistent policies and controls on-prem and in the cloud while delivering seamless integration across all functions and deployments to better support today’s hybrid workforce while reducing IT overhead.
Article content
FortiOS runs the full SASE stack, including a bi-directional firewall, SD-WAN, secure web gateway, encryption/decryption, CASB, DLP, and ZTNA. It also has the flexibility to run on an appliance in accelerated mode as well as in the FortiSASE cloud, providing consistent networking, security, and policy management for every edge. This is further enhanced by FortiGuard AI-powered Security Services, such as IPS, DNS filtering, URL filtering, anti-malware, sandboxing, and more.
Today’s news expands Fortinet’s investment in Universal SASE by expanding the reach of its SASE stack in three key areas of the portfolio:
Worldwide Coverage of FortiSASE Cloud Locations
FortiSASE, built on a global, scalable cloud network, delivers the same SASE stack as FortiGate appliances through its regional FortiSASE cloud locations. To deliver the best user experience and higher service availability, Fortinet now delivers over 100 FortiSASE cloud locations globally.
Bringing Accelerated SASE to the Campus and Branch
To bring the full SASE stack to campus and branch locations, Fortinet is announcing the new FortiGate 120G SASE appliance. Because it is powered by Fortinet’s patented SP5 (Security Processor 5) custom ASIC, it can accelerate many elements of the SASE stack, such as delivering 3 Gbps of SSL inspection—an average of 6x faster than the industry average—for visibility into encrypted traffic at scale. The following Secure Compute Rating table provides a comparison between equivalent solutions:
Article content
| Specification | FortiGate 120G Series |
Security Compute Rating |
Industry Average |
Palo Alto Networks PA-460 |
Check Point Quantum 3800 |
Cisco FP 1120 |
Cisco Meraki MX95 |
Juniper SRX-345 |
| Firewall (Gbps) | 39.0 | 13X | 3.10 | 4.40 | 3.60 | 4.50 | 1.50 | 1.50 |
| IPSec VPN (Gbps) | 35.0 | 16X | 2.15 | 3.00 | 2.80 | N/A | 2.00 | 0.80 |
| Threat Protection (Gbps) | 2.8 | 2X | 1.44 | 2.40 | 1.50 | N/A | N/A | 0.43 |
| SSL Inspection (Gbps) | 3.0 | 6X | 0.54 | 0.19 | N/A | 0.90 | N/A | N/A |
| Concurrent Sessions | 3M | 54X | 55,750 | 73,000 | 60,000 | 75,000 | N/A | 15,000 |
| Connections per Second | 140,000 | 14X | 10,000 | N/A | N/A | N/A | N/A | 10,000 |
Flexible Consumption Extended to Universal SASE
FortiFlex, Fortinet’s flexible consumption program, has now been extended to Fortinet Universal SASE solutions. The entire SASE stack from Fortinet can be consumed as part of FortiFlex, whether customers want to use on-prem or FortiSASE cloud-based services. FortiFlex offers usage-based licensing across cloud, hybrid cloud, and on-premises deployments to deliver IT teams the flexibility to continually right-size their deployments, reduce excessive procurement cycles for new security solutions, simplify the deployment and provisioning of new services, and maximize budget and ROI by enabling IT teams to scale down or pause services as needed.
Article content
Recent SASE Accolades for Fortinet
Additional Resources
Article content
About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.
FTNT-O
Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently Checked statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.
| Media Contact: | Investor Contact: | Analyst Contact: |
| Michelle Zimmermann Fortinet, Inc. 408-235-7700 pr@fortinet.com |
Peter Salkowski Fortinet, Inc. 408-331-4595 psalkowski@fortinet.com |
Brian Greenberg Fortinet, Inc. 408-235-7700 analystrelations@fortinet.com |
[1/3]A hooded man holds a laptop computer as blue screen with an exclamation mark is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration Acquire Licensing Rights
Nov 3 (Reuters) - Fortinet (FTNT.O) sank nearly 18% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy.
The current losses, if they hold, were set to wipe out nearly $8 billion from the company's market value.
Rivals Palo Alto (PANW.O), ZScaler (ZS.O) and CrowdStrike (CRWD.O) fell between 0.6% and 2.6%.
Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed.
"We thought sentiment reflected an expectation for a miss/ guide down, but the magnitude was even worse than our bogeys," said Raymond James analysts.
Competition in the sector has been intensifying as clients seek companies that serve as a one-stop shop for all cybersecurity needs, weighing on growth of smaller players and boosting sales at the likes of Palo Alto.
Fortinet continues "to see increased deal scrutiny and longer sales cycles, which is constraining near-term results", CFO Keith Jensen said on Thursday.
Growth is also slowing in some parts of the company's business as demand normalizes after two years of rapid gains during the pandemic.
"This was a debacle quarter for Fortinet," Wedbush analysts said. "It's a head scratcher how weak things got at Fortinet."
Overall, eight brokerages downgraded the company and at least 18 analysts cut their price targets, pushing the median to $59, LSEG data showed.
Fortinet shares have risen nearly 18% this year. It currently trades at nearly 33 times its 12-month forward earnings estimates, compared with Palo Alto's 44.6 and CrowdStrike's 54.5.
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Fortinet (FTNT -1.25%) stock is getting crushed following the publication of the company's third-quarter results. The company's share price was down 16.6% as of noon ET Friday, according to data from S&P Global Market Intelligence.
Fortinet published its Q3 report after the market closed yesterday, delivering earnings that topped Wall Street's target and sales that fell short of the market's expectations. More importantly, the company also issued worrying guidance and commentary that prompted an uptick in bearish sentiment.
Wall Street sours on Fortinet stock after Q3
Fortinet posted non-GAAP (adjusted) earnings per share of $0.41 on revenue of $1.33 billion. For context, the average analyst estimate had called for earnings of $0.36 per share on sales of $1.35 billion. Sales in the period were still up roughly 16% year over year, but the performance signaled slowing growth -- and commentary from management confirmed that the near-term performance outlook is significantly weaker than many investors and analysts had anticipated.
Following the Q3 release, Fortinet stock ratings and price target downgrades from multiple high-profile investment firms including Stifel and JPMorgan Chase.
What comes next for Fortinet?
For the current quarter, Fortinet is guiding for sales to come in between $1.38 billion and $1.44 billion -- suggesting roughly 10% year-over-year growth at the midpoint of the target. Meanwhile, the average analyst estimate had targeted sales of $1.49 billion for the period.
The midpoint of the company's guidance range came in roughly 5% lower than the midpoint sales target from analysts, and Fortinet's comments suggest there's a risk that sales could come in at the lower end of its forecast range.
Notably, Fortinet is seeing softening demand for its firewall hardware and services. In turn, the company plans to ramp up investment in security operations, its universal secure access service edge, and secure networking offerings. With a core performance driver seeing its momentum slow and investments into new growth drivers, it's reasonable to expect that sales and earnings performance could be pressured in the near term.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fortinet. The Motley Fool has a disclosure policy.
Major global brands, including McDonald's Corp, PepsiCo Inc. and the Estee Lauder Cos Inc. should consider pausing their operations in Russia, New York state's pension fund chief wrote in letters to several companies on Friday.
Top senators on the Senate Intelligence Committee introduced bipartisan legislation Thursday that seeks to sanction any nation involved in ransomware attacks against the U.S.
SUNNYVALE, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) --
Ken Xie, Founder, Chairman of the Board, and CEO, Fortinet
“In our ever-changing, technology-driven world, global cybersecurity leaders must foster collaboration across all sectors, including government, business, civil society, and academia. Public-private partnership in particular is essential to developing the holistic, comprehensive strategies that are necessary to adequately address cyber risks and ensure our collective cyber resilience. We look forward to continuing our efforts with the World Economic Forum and facilitating dialogue with global experts across business sectors, governments, and international organizations to action collective ideas into impactful cybersecurity change.”
News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that Fortinet will again share expertise and insights at the upcoming World Economic Forum (WEF) Annual Meeting on Cybersecurity in Geneva, Switzerland, November 13–15. This marks the 4th year Fortinet will participate in the annual event, which brings together the world’s foremost cybersecurity leaders and experts.
Fortinet at the World Economic Forum’s Annual Meeting on Cybersecurity
Fortinet’s mission is to secure people, devices, and data everywhere. The company’s role as a founding member of the World Economic Forum’s Centre for Cybersecurity and contributions to the Cybercrime Atlas, a joint initiative launched by the organization’s Partnership Against Cybercrime project, are examples of the many ways the company shows up as a member of a larger cybersecurity ecosystem.
Continuing these important discussions, Fortinet will contribute its expertise to sessions at the upcoming Annual Meeting on Cybersecurity, including:
- Title: Cyber Resilient Ecosystems: The Missing Link
- Contributor: Derek Manky, Chief Security Strategist and Global Vice President Threat Intelligence, Fortinet
- When: Wednesday, Nov. 15
- Overview: In an increasingly technological and interconnected business landscape, cyberattacks can spread contagiously across organizations and their supply chains, with cascading effects on the public sector and society. Collaboration among stakeholders is therefore crucial to ensure a holistic approach to addressing global, systemic cyber risks. How can cyber and business leaders put in place strong foundations to ensure their entire organizational ecosystem is cyber resilient?
More about the World Economic Forum’s Annual Meeting on Cybersecurity
Prevailing geopolitical uncertainty, a looming economic crisis and rapid advances in transformative technologies such as generative AI have significantly impacted cybersecurity. This is evidenced in the World Economic Forum report, Global Cybersecurity Outlook 2023, in which most cyber and business leaders think it is “moderately likely” or “very likely” that global geopolitical instability will lead to a far-reaching, catastrophic cyber event in the next two years.
To effectively prepare for and address cyber risks within the multiple transitions the world is going through, organizations need to develop strategies focused on systemic approaches to securing cyberspace. More than ever, sustained multistakeholder collaboration among organizations and society at large is required to ensure our shared resilience. Cyber leaders and executives at the highest levels also need to co-develop strategic foresight to steer effective decision-making to stay ahead of cyberthreats on the horizon. Against this backdrop, the meeting will feature interactive discussions, workshops, and hubs to foster debate, enable insight-sharing, and spur action.
Additional Resources
- Learn more about the World Economic Centre for Cybersecurity.
- Learn more about the World Economic Forum Cybercrime Atlas initiative
- Learn more about the Cybersecurity Learning Hub.
- Learn more about FortiGuard Labs threat intelligence and research and outbreak alerts, which provide timely steps to mitigate breaking cybersecurity attacks.
- Read about how Fortinet customers are securing their organizations.
- Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.
About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.
FTNT-O
Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently Checked statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.
| Media Contact: | Investor Contact: | Analyst Contact: |
| Tiffany Curci Fortinet, Inc. 408-235-7700 pr@fortinet.com |
Peter Salkowski Fortinet, Inc. 408-331-4595 psalkowski@fortinet.com |
Brian Greenberg Fortinet, Inc. 408-235-7700 analystrelations@fortinet.com |
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