Fortinet, Inc. (FTNT) Balances Growth Outlook With AI Innovation

Group 1: Company Performance and Analyst Ratings - Fortinet's Q4 results were strong, with product growth and better contract renewals, leading UBS analyst Fatima Boolani to raise the price target to $90 from $80 while maintaining a Neutral rating [1] - Scotiabank downgraded Fortinet to Sector Perform from Outperform but maintained an $85 price target, emphasizing the company's strong offerings in secure networking [3] - UBS views Fortinet's stock as fairly valued at 22x EV/FCF, considering its moderate growth and steady margins [2] Group 2: Product Enhancements and Market Position - Fortinet announced a major upgrade to FortiSIEM, enhancing its platform with AI-driven incident response and improved threat detection capabilities to counter sophisticated attacks [4] - The company provides an integrated networking and security platform via FortiOS, with FortiGate firewalls protecting over 700,000 organizations globally [5]