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NSE8-811 Fortinet NSE 8 Written Exam

Name: NSE 8 - Network Security Expert 8 Written test (NSE8_811)
Available worldwide at: Pearson VUE Test Centers
Number of questions: 60
Time allowed to complete: 120 minutes
Scoring method: Answers must be 100% correct for credit. There are no partial credit given or deductions for incorrect answers. You will receive a document containing a general pass or fail result, and indication as to which sections you passed or failed.
Type of questions: Multiple choice and multiple select
Time required between attempts: 15 days

Description
The NSE 8 Fortinet Network Security Expert designation recognizes your comprehensive knowledge of network security design, configuration, and troubleshooting for complex networks. To attempt the exam, you must have industry experience.

There are no prerequisites to take the Fortinet NSE 8 written exam. However, you must take the NSE 8 written test before you can take the Fortinet NSE 8 practical exam. The written test is not a certification by itself. You must pass both the written test and practical test to obtain NSE 8 certification.

To prepare for the exams, we recommend that you take the NSE 4 to NSE 7 training courses and have comprehensive experience using Fortinet producsts in a production environment. The courses are optional.

The written test is available worldwide, through Pearson VUE test center. After you successfully pass the written exam, you must purchase your seat to schedule the practical exam. Contact your regional Fortinet Training coordinator to schedule and coordinate the NSE 8 practical. Practical exams are available onsite at designated Fortinet NSE 8 test location.

The written test contains questions about design scenarios with exhibits, configuration extracts, and troubleshooting scenarios that assess your security networking and Fortinet solution knowledge and experience. You are not allowed to bring reference materials in to the test room.

Fortinet NSE 8 Written Exam
Fortinet Fortinet Practice Test
Killexams : Fortinet Fortinet VCE test - BingNews https://killexams.com/pass4sure/exam-detail/NSE8-811 Search results Killexams : Fortinet Fortinet VCE test - BingNews https://killexams.com/pass4sure/exam-detail/NSE8-811 https://killexams.com/exam_list/Fortinet Killexams : Security Tech Talk: Fortinet Makes Anywhere The Office, Securely

Sponsored

Katie Bavoso

The Fortinet Security Fabric brings together endpoint security, zero trust access and network security in one unified portfolio with solutions that seamlessly follow and protect your clients from the office desk to the kitchen table, to the hotel room with public WiFi — all while providing a consistent level of enterprise-grade protection.

Providing security solutions designed to protect your clients while they work from anywhere is a lucrative business move for channel providers as hybrid work has become the norm. Gartner says the ideal approach to doing this is with a “cybersecurity mesh architecture,” or an ecosystem of integrated security tools, which can reduce financial loss from a cyberattack by 90 percent. This is the exact foundation of the Fortinet Security Fabric. “Our Work-From-Anywhere value proposition is resonating with customers across all sales verticals. It’s truly one of the fastest-growing segments of our portfolio and it’s one of the only true integrated offerings on the market from a work-from-anywhere perspective,” says Aaron Griffith, senior director of channels at Fortinet.

The Fortinet Security Fabric brings together endpoint security, zero trust access and network security in one unified portfolio with solutions that seamlessly follow and protect your clients from the office desk to the kitchen table, to the hotel room with public WiFi — all while providing a consistent level of enterprise-grade protection.

“The FortiGate and FortiGate-VM security platforms (are) going to provide advanced security at a campus, a datacenter, a branch and even cloud environments,” says Griffith. “Endpoint technologies like FortiClient, FortiEDR, and FortiXDR (are) going to secure your remote workers and their devices. And then ZTNA and technologies like our SASE are going to control and secure access to applications and secure the remote worker.”

Partners don’t have to struggle to get started. Fortinet makes it easy for partners to gain competency and capability through its programmatic specialization designations to go to market quickly. “This is a framework that we designed to help partners define a solution offering, create efficiencies in their professional and managed services motions and ultimately maximize profitability,” says Griffith.

And Fortinet is 100 percent channel go-to-market and never competes with its partners at the point of sale.

Mon, 14 Nov 2022 23:40:00 -0600 en text/html https://www.crn.com/video/security-tech-talk-fortinet-makes-anywhere-the-office-securely
Killexams : Fortinet: Looking Ahead To 2023
Cyber Security Ransomware Email Phishing Encrypted Technology, Digital Information Protected Secured

Just_Super

Investment Thesis

Fortinet's (NASDAQ:FTNT) revenue growth rates could be set up to slow down. And if that's the case, investors are left with a choice. Is paying up 37x next year's non-GAAP EPS all that compelling? And I don't know the answer to this question.

I guess it depends on whether the Fed deems it necessary to stop raising rates as quickly. But even this line of thought illustrates that Fortinet's valuation isn't that amazing.

To help me drive my point, here's a quote from the earnings call that lays out everything investors need to know,

[...] we remain on track to achieve all of our medium-term financial targets from our May 2022 Analyst Day, including $10 billion in billings and $8 billion in revenue in 2025, each representing a 22% three-year CAGR from the midpoint of our 2022 guidance.

FTNT Analyst Day 2022

FTNT Analyst Day 2022

Management clearly stated that it's going to exit 2022 growing at close to 32% CAGR and that in the next 3 years its CAGR gets down to around 22%. Even if there's a substantial amount of conservatism baked in, we are nevertheless forced to question, what's a fair growth rate for 2023?

What's Happening Right Now?

Investor trepidation is now starting to creep into valuations. For a long period of time, cyber security companies were deemed to be recession-proof. Not only are investors now a lot more skeptical, but it also appears that even ''recession resistant'' could now involve substantial qualifiers around it.

To get to my point, consider what Fortinet's CEO stated on the call,

We expect fourth quarter ending backlog to be relatively consistent with the third quarter backlog as we are seeing early signs of a transition back to more normalized customer buying behaviors.

Within that paragraph, we see the news that investors didn't want to hear, ''more normalized customer buying behavior''.

And that's a theme that is percolating throughout enterprise tech. Tech had been seen as the trade to be in, during a recession. And within tech, cyber security was seen as a safe haven. And now? Well, perhaps this trade became a tiny bit too crowded for what it is.

That being said, to be clear, it's absolutely not all bad news when it comes to Fortinet.

Revenue Growth Rates Remain Attractive

FTNT revenue growth rates

FTNT revenue growth rates

Fortinet's revenue growth rates continue to point to a mid-30% CAGR. For a cybersecurity firm that has seen its share price mostly move down for the bulk of 2022, one has to question, whether investors may not be too negative about Fortinet's prospects?

FTNT revenue consensus

FTNT revenue consensus

For their part, analysts remain positively bullish on Fortinet's prospects. Even as cyber security and enterprise SaaS companies generally speak of the tough macro environment, Fortinet's analysts continue to revise their revenue estimate outlook upwards.

With this in mind, let's discuss one blemish in the bull thesis.

Capital Allocation, Needle Moving?

Consider this:

During the three and nine months ended September 30, 2022, Fortinet repurchased 10.2 million and 36.0 million shares of its common stock, respectively, at an average price of $49.15 and $55.37 per share, respectively, and for an aggregate purchase price of $500.0 million and $1.99 billion.

And now see if you see a pattern here:

  • Q1 2022: $691 million (average price $61)
  • Q2 2022: $800 million (average price $55)
  • Q3 2022: $500 million (average price $49)

It appears to me that as the share price is moving lower, this coincides with the total amount deployed towards share repurchases coming lower. That being said, there's still a further $530 million left for share repurchases. So it could be the case that these share repurchases could end up being accretive to long-term shareholders.

Altogether, as we look ahead to Q4 2022 this translates into the total share count ending the year down 4.2% y/y.

FTNT Stock Valuation -- 37x non-GAAP EPS

The problem that investors are facing right now, is that there's so much uncertainty over what will FTNT's 2023 revenue growth rates normalize at? On the one hand, we have management openly stating that customer behavior is normalizing.

On the other hand, FTNT's GAAP margins are extremely enticing. In fact, as a point of reference, Q3 2022 reported 23.1% GAAP margins, an increase of 390 basis points from 19.2% reported in the same period a year ago.

On yet the third hand, we have to highlight that the bulk of the revenue growth is coming from its Product business line. And many investors are skeptical that Product revenues will continue to be a growing TAM over the next few years.

The Bottom Line

Optically Fortinet is cheap. Why? Because it has GAAP earnings. Something that many tech companies haven't figured out yet, how to get their business to report GAAP profits.

On the other hand, a large proportion of its growth is not coming from its Service unit, but instead from its Product business. As a point of reference, two years ago, Fortinet's product business made up approximately 34% of its total revenues. While for its most accurate quarter, its Product business makes up 41% of its total revenues.

So, it could be that soon 50% of Fortinet's business could be coming from its Product business, with a very limited TAM.

Tue, 29 Nov 2022 01:29:00 -0600 en text/html https://seekingalpha.com/article/4561094-fortinet-looking-ahead-to-2023
Killexams : Fortinet: Firewall Leader With Super Margins And Rapid Growth
Cyber security concept. Man using application on laptop, closeup

Liudmila Chernetska

According to one study, cybersecurity attacks globally have risen by 32% year over year and there are over 1,200 attacks per week. This is no surprise given the increase in the use of technology and the rise of remote working which has widened the attack surface. Therefore it is not surprising that the cybersecurity industry was valued at $139 billion in 2021 and is forecasted to grow at a rapid 13.4% compounded annual growth rate, reaching a value of $376 billion by 2029. Fortinet is in a prime position to benefit from this growth trend as a leader in firewalls. The company has recently posted strong financial results for the third quarter of 2022, beating both top and bottom-line estimates. In this post, I'm going to break down the company's business model, financials, and valuation, let's dive in.

Chart
Data by YCharts

Leading Business Model

Fortinet (NASDAQ:FTNT) has created a "Security Fabric" which aims to converge multiple cybersecurity solutions into a single platform. This includes Fortinet Threat Intelligence, Cloud Security, Zero Trust Access, Network Security and more. The company competes with companies such as Check Point (CHKP) and Palo Alto Networks (PANW) in its Cloud Security Segment. While the business also competes with Zscaler (ZS) for its Zero Trust access offering. "Zero Trust" is a network access methodology that aims to deliver users the "least privileged access" to only the applications they need. This stops hackers from entering a company's network via a harmless application before moving laterally to the financial applications.

Fortinet

Fortinet (Official website)

Fortinet is a Gartner leader in its Next Generation Firewall solution and won the customer choice award in 2022. In addition, the company is the market leader in firewalls with its products making up 37% of all units shipping in 2021.

Fortinet Firewalls

Fortinet Firewalls (Investor presentation 2022)

Strong Third Quarter Results

Fortinet reported solid financial results for the third quarter of 2022. Starting with Billings, which is the amount invoiced to customers and the true "top line" for SaaS companies. Billings increased by 32.6% year over year to $1.41 billion. Following on from this revenue was $1.15 billion, which increased by a rapid 32% year over year and beat analyst estimates by $25.59 million.

Fortinet stock

Fortinet stock (Q3,22 report)

Total revenue was driven by solid product revenue growth of $468.7 million which increased by 39% year over year across its Core and Enhanced Platform technology products. This is impressive growth given a tough year-over-year comparison and supply chain challenges. Service revenue also increased by a solid 28.4% year over year and 3% sequentially to $680 million.

There are three drivers which are helping to accelerate revenue growth across its product range. These include the increase in cybersecurity threats (as mentioned in the introduction), the merging of security and networking, and vendor consolidation. For a long time, the cybersecurity industry has been categorized by a variety of single-point solutions and specialist companies. This was great in the short term as each company had its own expertly honed product. However, for IT and security teams the security tech stack has become unmanageable with high operational overhead. For example, internal security will have to manage patches, updates, licenses, etc. on many different solutions.

Fortinet solves this problem with its "platform strategy" which enables customers to "converge" together both networking and security products, resulting in lower management time and lower operating costs.

A Forrester report even highlighted this and labeled Fortinet as a leader in enterprise firewalls for the first time. The report stated, "Fortinet has built a flexible and capable platform" and it "excels at performance for value".

The company has continued to eat market share in the area of Secure SD-WAN (Wide-Area-Network) which increased bookings by 45% year over year. Management believes the company is on track to become the market share leader in this space over the next couple of years.

Fortinet has also been "growing upmarket" as it executes its strategy of targeting higher-order value enterprise customers. In the third quarter of 2022, the number of deals over $1 million increased by over 80% to 153 deals.

Number of Deals

Number of Deals (Fortinet)

Fortinet is well diversified with the Americas making up 40.7% of revenue followed by EMEA at 38.6% and APAC at 20.75%. EMEA was surprisingly the fastest growing segment as revenue increased by 37% year over year. This was followed by the Americas with 34% revenue growth and the APAC region with 23% growth.

Revenue by Geography

Revenue by Geography (Q3,22 report)

On to profitability and margins, the company reported $875.5 million, in gross profit which increased by 32% year over year at a solid 76.2% gross margin. Operating Income was $334.9 million, which increased by blistering 45% year over year. This was driven by a solid improvement in operating margin from 25.8% to 28.3%, as the company benefited from higher operating leverage and FX tailwinds.

Earnings per share were $0.29, which beat analyst expectations by $0.06.

Financials

Financials (Q3,22 report)

Fortinet has also reported solid growth in its cash flow which increased by 19.9% year over year to $463.8 million, including real estate add-backs.

Free Cash Flow

Free Cash Flow (Q3,22 report)

The company has a solid balance sheet with cash, short-term investments, and marketable securities of $1.81 billion. In addition, the company has ~$989 million in long-term debt.

Advanced Valuation

In order to value Fortinet I have plugged the latest financials into my advanced valuation model which uses the discounted cash flow method of valuation. I have forecasted a conservative 30% revenue growth for next year, which is lower than the 34% guidance for the full year of 2022. In addition, I have forecasted 32% revenue growth per year over the next 2 to 5 years in order to be conservative.

Fortinet stock valuation 1

Fortinet stock valuation 1 (created by author Ben at Motivation 2 Invest)

In order to increase the accuracy of the valuation, I have capitalized R&D expenses, which has lifted the net income. In addition, I have forecasted the company to continue to increase its operating margin to 27% over the next 8 years, as it continues to benefit from strong operating leverage.

Fortinet stock valuation 2

Fortinet stock valuation 2 (Created by author at Motivation 2 invest)

Given these factors I get a fair value of $52 per share, the stock is trading at $77.87 per share at the time of writing and is thus 33% undervalued.

As an extra data point, Fortinet trades at a Price to Sales ratio = 10 which fairly valued relative to historic multiples. It should be noted that Fortinet trades at a slightly higher PS multiple than industry Peers but the company does have strong profit margins which aren't factored in via the PS metric.

Chart
Data by YCharts

Risks

Recession/Longer Sales Cycles

The high inflation and rising interest rate environment is squeezing the margins of many businesses and analysts are even forecasting a recession. Therefore I expect longer sales cycles and delayed spending although the cybersecurity industry does look to be relatively immune from many of the major headwinds.

Final Thoughts

Fortinet is a solid technology innovator and has a diversified business model. The company has highlighted the problems in the market with multiple vendors and aims to help the industry consolidate. It is growing strong across all product lines and the stock is undervalued intrinsically.

Tue, 29 Nov 2022 14:57:00 -0600 en text/html https://seekingalpha.com/article/4561282-fortinet-stock-firewall-leader-super-margins-rapid-growth
Killexams : Expert Ratings for Fortinet

Over the past 3 months, 14 analysts have published their opinion on Fortinet FTNT stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 11 1 0 0
Last 30D 0 1 0 0 0
1M Ago 1 6 1 0 0
2M Ago 0 2 0 0 0
3M Ago 1 2 0 0 0

These 14 analysts have an average price target of $65.93 versus the current price of Fortinet at $55.43, implying upside.

Below is a summary of how these 14 analysts rated Fortinet over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

This current average has decreased by 6.26% from the previous average price target of $70.33.

Stay up to date on Fortinet analyst ratings.

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Wed, 16 Nov 2022 01:14:00 -0600 text/html https://www.benzinga.com/analyst-ratings/22/11/29750038/expert-ratings-for-fortinet
Killexams : What 14 Analyst Ratings Have To Say About Fortinet

Over the past 3 months, 14 analysts have published their opinion on Fortinet FTNT stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 11 1 0 0
Last 30D 0 1 0 0 0
1M Ago 1 6 1 0 0
2M Ago 0 2 0 0 0
3M Ago 1 2 0 0 0

According to 14 analyst offering 12-month price targets in the last 3 months, Fortinet has an average price target of $65.93 with a high of $76.00 and a low of $57.00.

Below is a summary of how these 14 analysts rated Fortinet over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

This current average represents a 6.26% decrease from the previous average price target of $70.33.

Stay up to date on Fortinet analyst ratings.

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Wed, 16 Nov 2022 04:29:00 -0600 text/html https://www.benzinga.com/analyst-ratings/22/11/29752604/what-14-analyst-ratings-have-to-say-about-fortinet
Killexams : New Fortinet service offers next-gen firewall protection for AWS environments

Cybersecurity firm Fortinet Inc. today announced the availability of FortiGate Cloud-Native Firewall on Amazon Web Services Inc., a managed next-generation service specifically designed for AWS environments.

FortiGate CNF incorporates FortiGuard artificial intelligence-powered Security Services for real-time detection of and protection against malicious external and internal threats. Underpinned by FortiOS, Fortinet’s network operating system, the service is said to deliver a consistent network security experience across AWS and on-premises environments.

Fortinet is pitching the service as allowing customers to focus more on their core competencies and deploy effective security policies to protect their business-critical applications and data. Natively supporting AWS, FortiGate CNF gives customers immediate access to FortiGuard AI-powered Security Services for enterprise-grade protection, including URL filtering, DNS filtering, IPS, application control and other FortiGuard security services that organizations rely on.

Benefits include regionwide network protection at optimized costs, with FortiGate CNF designed to aggregate security across cloud networks, availability zones and virtual private clouds in a cloud region. FortiGate CNF natively supports AWS to optimize cloud security spending and uses AWS Graviton instances to deliver better price-performance than other offerings.

Network security operations with FortiGate CNF offer a simple, intuitive user interface that minimizes the need for security expertise, with support for defining and deploying robust security policies such as dynamic meta-data-based policies on AWS. The AWS support helps security teams move at the speed and scale of applications teams and the support of AWS Gateway Load Balancer eliminates do-it-yourself automation and helps secure Amazon Virtual Private Cloud environments. Additionally, support for AWS Firewall Manager simplifies security management and automates security rollouts.

As part of the Fortinet Security Fabric platform, the new service also offers a single pane of glass through FortiManager to centralize policy management, increase visibility and automate policy enforcement on AWS and beyond.

“Organizations that are accelerating their cloud adoption may not have the resources or time to build, scale or adapt their cloud security to meet the pace of their business,”explained John Maddison, executive vice president of products and chief marketing officer at Fortinet. “As a managed next-generation firewall service, FortiGate CNF removes the heavy lifting around network security operations and provides a frictionless experience to help customers easily deploy best-in-class security on the cloud.”

Fortinet CNF is available now in the AWS Marketplace.

Photo: Robert Hof/SiliconANGLE

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Mon, 05 Dec 2022 11:09:00 -0600 en-US text/html https://siliconangle.com/2022/11/28/new-fortinet-service-offers-next-gen-firewall-protection-aws-environments/
Killexams : Review: Fortinet FortiGate 40F Enables Defense Capabilities with Zero-Touch Installation

State government IT is often federated, widely dispersed into branch offices and sometimes even integrated with local government programs. A good way to connect branch offices to the increasingly cloud-based applications and services that they need to perform their jobs is to deploy a software-defined wide area network, or SD-WAN.

Doing that removes the need for local offices to connect to headquarters before being routed to those applications, saving time and preventing throughput bottlenecks. However, there is a danger to doing that if a branch office is not adequately protected, since they are also bypassing whatever cybersecurity defenses are in place on the headquarters’ network.

It is this exact situation that led Fortinet to create a series of zero-touch security devices that are tailor-made to provide secure SD-WAN capabilities to branch and remote offices. Appliances such as the FortiGate 40F provide direct access to cloud-based assets for branch offices, but also the security they need to protect themselves in an increasingly hostile environment.

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Flexible Placement Allows Ease of Use

The FortiGate 40F is designed for zero-touch installation. The tiny unit is even designed without fans, so it can be put almost anywhere, from a worker’s desk to a wiring closet. Once connected to a wired gateway, it provides secure SD-WAN capabilities that include anti-virus analysis, application filtering, next-generation firewall protection, an intrusion prevention system, URL filtering, VPN support and web threat protection. And all that works with both encrypted and unencrypted traffic.

Each 40F runs on the same FortiOS operating system that drives most Fortinet appliances, which is designed for ease of use. For example, it’s quite simple to set up to 5,000 firewall rules using that interface, or to prioritize certain types of traffic over others. However, in the event that there are limited IT resources at branch offices, the 40F can also be fully managed remotely.

 

High-Volume Traffic Is Supported and Inspected

The FortiGate 40F is designed to support all internet-related activities of a small to a medium-sized branch office. It can handle up to 200 concurrent secure VPN users and still be able to route traffic through its cybersecurity inspection modules without delays. It can also support up to 35,000 new TCP sessions per second. And it can do all of that across up to eight FortiSwitch devices and 10 virtual domains.

Adding SD-WAN to branch offices is a smart move to deliver remote locations the ability to quickly access the cloud-based tools they need to work without clogging up a headquarters network. But it only works if those connections can be protected and secured. The FortiGate 40F security appliance provides both connectivity and protection in a single appliance with a zero-touch setup and plenty of support.

RELATED: How speech recognition platforms are saving time for busy law enforcement.

SPECIFICATIONS

PRODUCT TYPE: Secure SD-WAN Appliance
FIREWALL THROUGHPUT: 5Gbps
ATP INSPECTION SPEED: 600Mbps
MAX CONCURRENT SESSIONS: 700,000
IPS THROUGHPUT: 1Gbps
DIMENSIONS: 8.5 x 5.5 inches x 1.4 inches

Gorodenkoff/Getty Images

Thu, 08 Dec 2022 06:49:00 -0600 John Breeden II en text/html https://statetechmagazine.com/article/2022/12/review-fortinet-fortigate-40f-enables-defense-capabilities-zero-touch-installation
Killexams : Fortinet Launches Managed Cloud-Native Firewall Service to Simplify Network Security ...

SUNNYVALE, Calif., Nov. 28, 2022 (GLOBE NEWSWIRE) -- AWS re:Invent 2022

John Maddison, EVP of Products and CMO at Fortinet

“Organizations that are accelerating their cloud adoption may not have the resources or time to build, scale or adapt their cloud security to meet the pace of their business. As a managed next-generation firewall service, FortiGate CNF removes the heavy lifting around network security operations and provides a frictionless experience to help customers easily deploy best-in-class security on the cloud.”

News Summary

Fortinet ® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced the availability of FortiGate Cloud-Native Firewall (FortiGate CNF) on Amazon Web Services (AWS), an enterprise-grade, managed next-generation firewall service specifically designed for AWS environments. FortiGate CNF incorporates FortiGuard artificial intelligence (AI)-powered Security Services for real-time detection of and protection against malicious external and internal threats, and is underpinned by FortiOS for a consistent network security experience across AWS and on-prem environments.

By shifting the management of network security infrastructure to Fortinet via FortiGate CNF, customers can focus more on their core competencies and deploying effective security policies to protect their business-critical applications and data. Natively supporting AWS and available now in AWS Marketplace, FortiGate CNF gives customers immediate access to FortiGuard AI-powered Security Services for enterprise-grade protection, including URL filtering, DNS filtering, IPS, application control and other FortiGuard security services, that organizations rely on.

FortiGate CNF enables customers to realize the following benefits:

  • Region-wide network protection at optimized costs: FortiGate CNF is designed to easily aggregate security across cloud networks, availability zones and virtual private clouds (VPCs) in a cloud region. It also natively supports AWS to help optimize cloud security spend and uses AWS Graviton instances to deliver better price performance than other offerings.
  • Simplified network security operations with cloud-native integrations: FortiGate CNF provides a simple, intuitive user interface (UI) that minimizes the need for security expertise and makes it easy to define and deploy robust security policies including dynamic meta-data based policies on AWS. This AWS support helps security teams move at the speed and scale of applications teams, while support of AWS Gateway Load Balancer eliminates do-it-yourself automation and helps secure Amazon Virtual Private Cloud (Amazon VPC) environments while improving high availability and scaling. Additionally, support of AWS Firewall Manager simplifies security management and automates security rollout.
  • Increased compliance with consistent enterprise-grade security across on-prem and cloud deployments: In a recent survey of more than 800 cybersecurity professionals, 78% of respondents indicated that a cloud security platform with a single dashboard could help them better protect data across their cloud footprint and strengthen their security posture. FortiGate CNF provides an intuitive dashboard to easily manage security policies across a customer’s AWS deployments. As part of the Fortinet Security Fabric platform, it also offers a single pane of glass through FortiManager to centralize policy management, increase visibility and automate policy enforcement on AWS and beyond. This capability helps teams effectively apply security controls seamlessly across hybrid cloud and on-premises deployments.
  • Enhanced with AI-powered global threat intelligence: FortiGate CNF includes a suite of trusted FortiGuard AI-powered security services, developed and continually improved by FortiGuard Labs. Using AI/machine learning (ML) models, FortiGate CNF with FortiGuard Security Services enables a proactive security posture and remediation of known and unknown threats based on real-time threat intelligence, behavior-based detection and automated prevention.

Fortinet and AWS – Better Together

FortiGate CNF is the latest example of Fortinet's commitment to delivering cloud-native services to support our customers. Fortinet’s work with AWS ensures that customers’ public cloud workloads are protected by best-in-class security solutions powered by comprehensive threat intelligence. Fortinet support of key AWS services simplifies security management, facilitating full visibility across environments and providing broad protection across your workloads and applications. Throughout any stage in a customer’s migration to the cloud, Fortinet Security Fabric, the industry’s highest performing cybersecurity mesh platform, delivers security-driven networking and adaptive cloud protection for the ultimate flexibility and control needed to build in the cloud.

Supporting Quotes

“Fortinet was the clear choice for help when we decided to move our workloads from a data center to a public cloud environment on AWS. By leveraging Fortinet cloud security solutions to complement native AWS security groups, we were able to accelerate our cloud migration to just one month, a process that that would typically take one year. With the introduction of FortiGate CNF, Yedpay is looking forward to having the option of a managed firewall service powered by the collective cloud infrastructure expertise of Fortinet and AWS to further bolster our existing cloud security and enable us to securely grow our business.”

- Simon Lau, CIO & CISO, Yedpay

“We know organizations are looking to further simplify and modernize security on the cloud, which is why we’re working with Fortinet to deliver adaptive cloud security solutions. With FortiGate CNF, customers can build confidently, boost agility, and take advantage of everything AWS has to offer. As a fully managed cloud-native service, FortiGate CNF provides the enterprise-level firewall services and network security that helps reduce risk and Boost compliance, and optimizes customers’ security investments. We’re looking forward to continuing our work with Fortinet to help our mutual customers accelerate their cloud security goals.”

- Dave Ward, GM, Application Networking, AWS

Additional Resources

About Fortinet

Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 595,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at  https://www.fortinet.com, the  Fortinet Blog, and  FortiGuard Labs.

FTNT-O

Copyright © 2022 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 Verified 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.

Mon, 28 Nov 2022 00:39:00 -0600 en text/html https://www.bakersfield.com/ap/news/fortinet-launches-managed-cloud-native-firewall-service-to-simplify-network-security/article_434a74b1-6289-5796-8269-7dcb00598f45.html
Killexams : Where Fortinet Stands With Analysts

Within the last quarter, Fortinet (NASDAQ:FTNT) has observed the following analyst ratings:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 11 1 0 0
Last 30D 0 1 0 0 0
1M Ago 1 6 1 0 0
2M Ago 0 2 0 0 0
3M Ago 1 2 0 0 0

In the last 3 months, 14 analysts have offered 12-month price targets for Fortinet. The company has an average price target of $65.93 with a high of $76.00 and a low of $57.00.

Below is a summary of how these 14 analysts rated Fortinet over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average represents a 6.26% decrease from the previous average price target of $70.33.

Stay up to date on Fortinet analyst ratings.

Analysts are certified within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Tue, 15 Nov 2022 22:09:00 -0600 en text/html https://markets.businessinsider.com/news/stocks/where-fortinet-stands-with-analysts-1031918144
Killexams : Fortinet Secure SD-WAN Delivers 300% ROI Over Three Years and Payback in Eight Months, New Independent Study Finds

Fortinet, Inc.

Feedback from large enterprises with more than $1 billion in revenue and up to 8,500 sites highlights the value of Fortinet Secure SD-WAN to reduce network disruption, mitigate risks, and Boost time to issue resolution

SUNNYVALE, Calif., Dec. 07, 2022 (GLOBE NEWSWIRE) --

John Maddison, EVP of Products and CMO at Fortinet
“Large enterprises around the world continue to turn to Fortinet to achieve their digital acceleration goals with solutions that converge networking and security. We’re pleased that Forrester has quantified both the network and security benefits of Fortinet Secure SD-WAN, which will advance our commitment to helping customers make informed decisions with validated solutions.”

News Summary

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced a business benefit analysis of Fortinet Secure SD-WAN and its ability to support large enterprises by delivering 300% ROI over three years and payback in eight months.

As one of the top SD-WAN vendors, Fortinet commissioned a Total Economic Impact™ (TEI) study by Forrester Consulting to analyze the value that Fortinet Secure SD-WAN can provide to large enterprises, examining both the network and security impact on customers’ businesses.

As part of the independent study, Forrester interviewed business decision-makers with experience across industries and geographies, including retail, healthcare, financial services, and manufacturing. Collectively, the organizations deployed Fortinet Secure SD-WAN and other Fortinet products, such as switches, wireless LAN, and wireless WAN, and have more than $1 billion in annual revenue, up to 8,500 sites, and up to 133,000 employees.

Based on customer feedback, Forrester developed a composite model for the study and built out a three-year financial model to reflect the costs and benefits of the investment.

Key findings from the study and benefits for customers include:

  • Eight Months Payback and 300% ROI: Customers deploying Fortinet Secure SD-WAN achieved a 300% return on investment over three years with payback in eight months. These benefits include a reduction in communications costs, increased productivity of security and network teams, improved network and security performance, and increased productivity of deployment teams.

  • 65% Reduction in Network Disruption: With enhanced network performance enabled by Fortinet Secure SD-WAN, business users experienced a 65% reduction in the number of network disruptions.

  • 50% Improvement in Resolving Issues: Fortinet offers increased visibility and effective, broad protection, allowing security and network teams to identify and remediate network issues more quickly. Improving time to issue resolution by as much as 50% enabled the composite organization to reassign security and network team resources to higher value activities, resulting in a three-year, risk-adjusted productivity benefit of $1.4 million.

  • Increased Productivity of Deployment Team: Fortinet Secure SD-WAN enabled the composite organization to save time by 75% per new deployment, resulting in significant efficiencies for the deployment team.

Fortinet Secure SD-WAN Transforms and Secures WAN

Prior to implementing Fortinet Secure SD-WAN, the organizations used a combination of technologies and vendors to manage, maintain, and monitor their networks. These solutions, which relied on MPLS, internet, and assorted hardware, lacked visibility and adequate security coverage, forcing network engineers and administrators to spend excessive time identifying and resolving unanticipated problems on an ad hoc basis. Additionally, scaling and modifying existing solutions became increasingly cost-prohibitive and time-consuming.

To learn more about the additional benefits of Fortinet Secure SD-WAN based on real customer feedback, get The Total Economic™ Impact of Fortinet Secure SD-WAN study.

Additional Analyst Recognition and Customer Validation of Fortinet Secure SD-WAN
In addition to these findings from the independent Forrester study, Fortinet Secure SD-WAN has received industry recognition and momentum throughout the year. Fortinet was named a Leader in the 2022 Gartner® Magic Quadrant™ for SD-WAN for the third consecutive year, placing highest in the quadrant for its ability to execute.

Furthermore, Fortinet is the only vendor to have been ranked #1 in three of the five use cases in the 2022 Gartner® Critical Capabilities for SD-WAN report for the past two years for Remote Worker, Security-Sensitive WAN, and WAN for Small Branches.

Fortinet Secure SD-WAN also received positive validation from its customers. Fortinet was named a Customers’ Choice in the March 2022 Gartner Peer Insights ‘Voice of the Customer’: WAN Edge Infrastructure report—for the third year in a row—in recognition of the reviews that customers voluntarily submit about their experience with Fortinet’s Secure SD-WAN solution.

Additional Resources

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks and service mark, and PEER INSIGHTS is a trademark and service mark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner, Magic Quadrant for SD-WAN, Jonathan Forest, Naresh Singh, Andrew Lerner, Karen Brown, 12th September 2022

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

About Fortinet
Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 615,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.

FTNT-O

Copyright © 2022 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, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCNP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPenTest, FortiPhish, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiSASE, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.
Other trademarks belong to their respective owners. Fortinet has not independently Verified 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 news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

Wed, 07 Dec 2022 02:03:00 -0600 en-US text/html https://finance.yahoo.com/news/fortinet-secure-sd-wan-delivers-140000279.html
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