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Fortinet Report Finds Nearly 70% of Organizations Say Their Employees Lack Fundamental Security Awareness
GlobeNewswire News Room· 2024-10-23 13:00
Core Insights - Fortinet emphasizes the critical role of a cyber-aware workforce in managing organizational risk, especially as cyber threats become more sophisticated with the use of AI [1][2] Group 1: Key Findings from the Report - Over 60% of leaders believe that AI will make it harder for employees to spot cyber threats, with 80% indicating that awareness of AI-augmented attacks has led to greater openness to security training [2] - Nearly 70% of surveyed leaders feel their employees lack essential cybersecurity knowledge, an increase from 56% in 2023 [2] - 96% of leaders support employee security awareness training, with 89% reporting improvements in security posture post-training [4][5] Group 2: Threat Landscape - Phishing schemes have become more sophisticated due to AI, making them harder to detect, with over 80% of organizations facing attacks targeting individuals last year [3] - Phishing prevention is included in 98% of training programs, with data security and privacy also being top priorities [3] Group 3: Training Program Effectiveness - Engaging content is crucial for effective training, with 86% of decision-makers satisfied with their current solutions, though many cite a lack of engaging content as a concern [6] - The average proposed time commitment for training is three hours, with a common range of 1.1 to 2.0 hours [6] Group 4: Organizational Support and Implementation - A significant majority of leaders (96%) are motivated to implement training based on prior breaches or industry threat knowledge [5] - Fortinet's Security Awareness and Training service aims to develop a cyber-aware workforce, offering customizable content and tracking capabilities [8]
Here's Why Fortinet (FTNT) is a Great Momentum Stock to Buy
ZACKS· 2024-10-21 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Top Wall Street analysts like these stocks for their growth prospects
CNBC· 2024-10-20 12:57
Optimism around artificial intelligence has helped lift the S&P 500 in 2024, boosting key chip stocks and power plays in the utilities space.Investors seeking sustainable returns will need to look for companies with solid long-term growth potential.To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns.  Here are three stocks favored by the Street's ...
Fortinet Securing Big Money Interest
FX Empire· 2024-10-18 16:40
FX Empire Logo English check-icon Italiano Español Português Deutsch العربية Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial ...
Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election
GlobeNewswire News Room· 2024-10-15 13:00
SUNNYVALE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Derek Manky, Chief Security Strategist and VP of Global Threat Intelligence at Fortinet “As the 2024 U.S. presidential election approaches, it’s critical to recognize and understand the cyberthreats that may impact the integrity and trustworthiness of the election process and the welfare of the participating citizens. Cyber adversaries, including state-sponsored actors and hacktivist groups, are increasingly active leading up to major events like electio ...
Fortinet: Leading Profitability In The Cybersecurity Industry
Seeking Alpha· 2024-10-13 12:18
It's been a year since I published an article on Fortinet (NASDAQ: FTNT ), which I highly recommend reading before continuing with this one so you can fully understand my investment thesis on the company. In thatI am an investor who relies on the fundamental aspects of companies. I enjoy being the owner of the world's best businesses with strong long-term projections. To achieve this, I conduct thorough research on the companies I invest in, placing significant importance on the sector, competitive advantag ...
Fortinet: On The Road To Recovery (Rating Upgrade)
Seeking Alpha· 2024-10-10 12:40
Group 1 - Fortinet's share price has rebounded to near all-time highs following its Q2 earnings report, indicating a positive market reaction despite the results not being particularly strong [1] - The easing of hardware demand headwinds suggests that Fortinet is on track to return to steady growth and improving margins, which could enhance its long-term performance [1] Group 2 - Narweena, an asset manager led by Richard Durant, focuses on identifying market dislocations due to misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns [2] - The research process at Narweena emphasizes company and industry fundamentals to uncover unique insights, particularly in smaller cap stocks and markets with less obvious competitive advantages [2] - The investment strategy is influenced by demographic trends, such as an aging population and low growth, which may create new opportunities while some industries face stagnation or decline [2] - The current economic landscape is characterized by a shift towards asset-light businesses and a declining need for infrastructure investments, leading to increased asset prices and compressed risk premia [2]
Fortinet is the Only Leader Positioned as Highest in Ability to Execute for the Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for SD-WAN
GlobeNewswire News Room· 2024-10-04 15:00
SUNNYVALE, Calif., Oct. 04, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet"Fortinet has once again been named a Leader in the Gartner Magic Quadrant for SD-WAN, which we believe highlights our commitment to empowering customers with cutting-edge solutions. Fortinet is the only vendor recognized across five separate Magic Quadrant reports: SD-WAN, SSE, Single-Vendor SASE, Network Firewalls, and Enterprise Wired and Wireless LAN. And we will continue innovating across the Fortine ...
Are Computer and Technology Stocks Lagging Fortinet (FTNT) This Year?
ZACKS· 2024-10-03 14:46
Group 1 - Fortinet (FTNT) has shown a year-to-date return of approximately 32.6%, outperforming the average return of 23.5% for the Computer and Technology sector [2][3] - The Zacks Consensus Estimate for FTNT's full-year earnings has increased by 18.5% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [2] - Fortinet holds a Zacks Rank of 1 (Strong Buy), suggesting a favorable investment outlook compared to its peers [1][2] Group 2 - Fortinet is part of the Internet - Software industry, which consists of 143 companies and has gained about 22.1% year-to-date, indicating that FTNT is performing better than its industry group [3] - In contrast, Fujifilm Holdings Corp. (FUJIY), another stock in the Computer and Technology sector, has a year-to-date return of 27.7% and belongs to the Semiconductor Equipment - Photomasks industry, which has declined by 22.3% this year [2][3] - Investors should monitor both Fortinet and Fujifilm Holdings Corp. as they may continue to exhibit strong performance in their respective sectors [3]
Fortinet to Announce Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-02 13:00
Core Viewpoint - Fortinet will hold a conference call on November 7, 2024, to discuss its third quarter financial results, emphasizing its role as a leader in cybersecurity and the convergence of networking and security [1]. Company Overview - Fortinet (NASDAQ: FTNT) is a prominent player in cybersecurity, focusing on securing people, devices, and data globally with an extensive portfolio of over 50 enterprise-grade products [2]. - The company has over half a million customers, making its solutions among the most deployed and validated in the industry [2]. - Fortinet's commitment to enhancing global cyber resilience includes collaboration with public and private sectors, and it operates one of the largest cybersecurity training programs through the Fortinet Training Institute [2]. - FortiGuard Labs, Fortinet's elite threat intelligence organization, utilizes advanced machine learning and AI technologies to provide top-rated protection and actionable threat intelligence [2].