Industry Overview - Cybersecurity has transitioned from a back-office concern to a boardroom priority due to the increasing frequency and sophistication of cyberattacks, with global cybercrime costs projected to rise from $9.22 trillion in 2024 to $15.63 trillion by 2029 [1] - The global cybersecurity market is expected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, reflecting a compound annual growth rate (CAGR) of 14.3% [2] - The growth in the cybersecurity market is driven by increasing enterprise IT complexity, rising regulatory scrutiny, and the need for real-time protection of data, identities, and infrastructure [2] Technological Advancements - Artificial intelligence (AI) is revolutionizing the cybersecurity landscape, enabling more efficient detection, prevention, and response to cyber threats [3] - AI can analyze large volumes of data, detect anomalies, and identify potential breaches in real time, providing a proactive approach to security [3] Company Highlights - Companies like Fortinet, Zscaler, Okta, and Qualys are heavily investing in AI-driven security solutions to enhance their capabilities and position themselves for long-term growth in the expanding cybersecurity market [4] - Okta specializes in identity and access management (IAM) and is ramping up its AI capabilities to address the complexities of digital identities [6] - Qualys focuses on vulnerability management and cloud security, integrating advanced AI models into its platforms for faster detection and remediation of security threats [10][11] - Fortinet offers a comprehensive suite of cybersecurity solutions, differentiating itself with high-performance security at lower costs, and has integrated AI-driven analytics into its services [13][14][15] - Zscaler is a pioneer in zero-trust security, enhancing its platform with AI-powered security analytics to improve threat detection and response [16][17][18] Financial Performance - Okta reported 19,650 customers at the end of fiscal Q4 2025, with a 7% year-over-year increase in customers with over $100,000 in Annual Contract Value (ACV) [8] - Qualys' AI-powered platform is expected to drive customer adoption and revenue growth, positioning it well in the market [12] - Fortinet has consistently delivered profitability and strong free cash flow, reflecting its growing market share and demand for AI-enhanced security solutions [15] - Zscaler has maintained robust financial performance with expanding revenues driven by demand for its AI-enhanced offerings [18]

Core Points - Fortinet has received GovRAMP authorization for its FortiGuard AI-Powered Security Services and FortiCare Services at a moderate impact level, highlighting its commitment to providing trusted security solutions for public sector organizations [1][2][5] - The GovRAMP program standardizes cybersecurity technology delivery for state and local organizations, ensuring that vendors meet collective security requirements [2][5] - Fortinet's FortiGuard services offer comprehensive threat intelligence and are continuously updated to counter complex cyber threats, enhancing the efficacy of security measures [3][4] Company Commitment - Fortinet aims to support government organizations by providing robust threat intelligence and security support, facilitating effective risk detection and incident response [2][4] - The company plans to pursue FedRAMP certification to further meet rigorous security standards required for government entities [6] Technical Support - FortiCare Support Services offers 24/7 global technical support and access to over 1,900 experts, assisting government agencies in deploying and maintaining their security operations [4]

Core Insights - The cybersecurity sector remains a priority for businesses amid stock market turbulence and increasing online threats [1] - Companies developing advanced security solutions are positioned for significant long-term growth opportunities [2] Company Summaries SentinelOne - Specializes in endpoint security solutions using AI and machine learning for real-time threat detection [3] - Reported a 32% year-over-year revenue increase for fiscal 2025, driven by a rise in enterprise clients and positive customer response to new AI integrations [4] - Expects to surpass $1 billion in annual revenue and achieve positive operating income, presenting a buy-the-dip opportunity as shares are down 41% from their 52-week high [5] Okta - Recognized leader in identity and access management with a cloud-based platform ensuring authorized access to sensitive resources [6] - Shares have increased by 29% year-to-date, supported by better-than-expected quarterly results [6] - Remaining performance obligation rose by 25% to $4.2 billion, indicating strong future revenue potential, with EPS guidance of $3.15 to $3.20, a 12% increase from last year [7][8] Palo Alto Networks - The largest cybersecurity company globally with a market cap of $112 billion, known for its diversified product portfolio [9] - Delivers steady revenue growth and is guiding for double-digit revenue and earnings growth this year, supported by a subscription-based model [10] Fortinet - Maintains a leadership position in on-premise infrastructure solutions with its FortiGate next-generation firewalls [11] - Stock has increased by 42% over the past year, with a strong belief in the continued importance of secure hardware firewalls for enterprise operations [12]

SUNNYVALE, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- News Summary Driving innovation and responsible technology to secure the digital world: With nearly 1,400 patents issued and more than 450 pending, Fortinet continues to pioneer AI-powered security solutions, collaborating with organizations such as University of California (UC) Berkeley, the World Economic Forum, and the Cybersecurity and Infrastructure Security Agency (CISA) to advance AI use in cybersecurity. In 2024, Fortinet also became one of the e ...

Core Insights - The article discusses the investment positions of Parkev Tatevosian, CFA, and mentions that The Motley Fool has positions in and recommends Fortinet [1] Group 1 - Parkev Tatevosian has no position in any of the stocks mentioned [1] - The Motley Fool has a disclosure policy regarding its investment positions [1] - Parkev Tatevosian may be compensated for promoting The Motley Fool's services [1]

Investors might want to bet on Fortinet (FTNT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pic ...

Core Points - Fortinet has been awarded the 2025 Google Cloud Infrastructure Modernization Partner of the Year Award for Networking, marking its fifth recognition as a Google Cloud Technology Partner of the Year [1][2] - The award underscores Fortinet's strong application and infrastructure security solutions and its deep integration with Google Cloud services through the Fortinet Security Fabric powered by FortiOS [2][6] - Fortinet's solutions enable businesses to scale, optimize performance, and defend against evolving threats in complex cloud environments [2][3] Company Overview - Fortinet is a leader in cybersecurity, focusing on the convergence of networking and security, with a mission to secure people, devices, and data globally [7] - The company offers a comprehensive portfolio of over 50 enterprise-grade products, trusted by more than half a million customers [7] - Fortinet's training institute is one of the largest in the industry, dedicated to enhancing cybersecurity training and career opportunities [7] Product and Service Highlights - Fortinet's FortiGate VM serves as a virtual next-generation firewall (NGFW), enforcing consistent security policies across various cloud environments [2][4] - The company provides a cloud security platform that includes application security and cloud-native application protection platform (CNAPP) solutions, offering integrated code-to-security with 360-degree defense-in-depth protection [3] - Fortinet's Unified SASE simplifies operations and enables secure remote and on-prem access, protecting networks, applications, and data [4] Licensing and Customer Flexibility - Fortinet's FortiFlex licensing program allows Google Cloud customers to optimize their deployments and investments, enabling scalability and rollover of unused credits [5] - The program also assists customers with Google Cloud Committed Use Discount agreements in meeting their spending obligations [5]

Core Insights - Fortinet has announced significant innovations in its FortiAI technology, enhancing its Security Fabric platform to better protect against emerging threats and streamline security operations [1][2][4] Group 1: AI Innovations and Capabilities - Fortinet's AI ecosystem is strengthened by over a decade of innovation and more patents than any other cybersecurity vendor, allowing for improved efficiency and accuracy in security operations [2][3] - The new FortiAI capabilities include FortiAI-Assist, which integrates GenAI, agentic AI, and AIOps to automate and enhance security and network operations [4][6] - FortiAI-Protect offers AI-driven threat detection, contextual risk assessments, and enhanced security for third-party GenAI applications [7][9] Group 2: Security for AI Systems - Organizations must secure their AI systems from threats such as data poisoning and unauthorized access, as AI can be both a target and a weapon for cybercriminals [3][4] - FortiAI-SecureAI provides protection for AI infrastructure, ensuring data integrity and preventing data leakage while enforcing zero-trust access [7][8] Group 3: Data Privacy and Compliance - FortiAI employs a multi-layered data protection approach to enforce strict privacy controls, ensuring that sensitive data shared with the GenAI assistant does not train the language model [8][9] - Queries are processed locally to prevent data from leaving the network, and sensitive information is masked before reaching the language model [8]

AT&T, ServiceNow, and Fortinet will survive the incoming tariffs and trade wars.Many tech stocks plummeted this month after the Trump administration imposed its "Liberation Day" tariffs on most of the country's top trading partners. Higher tariffs against China, Taiwan, South Korea, Thailand, Vietnam, and India raised bright red flags for American tech companies, which were tightly tethered to those countries.This storm might pass if cooler heads prevail, but it's too early to invest in tariff-wracked stock ...

Core Points - Fortinet will hold a conference call to discuss its first quarter 2025 financial results on May 7, 2025, at 1:30 p.m. Pacific Time [1] - The conference call will be available in listen-only mode on Fortinet's investor relations website [2] - Fortinet is a leader in cybersecurity, focusing on the convergence of networking and security, with over 50 enterprise-grade products [3] Company Overview - Fortinet's mission is to secure people, devices, and data globally, serving over half a million customers [3] - The company collaborates with public and private sector organizations to enhance global cyber resilience [3] - FortiGuard Labs, Fortinet's threat intelligence organization, utilizes advanced machine learning and AI technologies for threat protection [3]