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Techday NZ
16-07-2025
- Business
- Techday NZ
Fortinet named SASE leader by Gartner, eyes USD $28.5 billion market
Fortinet has been recognised as a Leader in the 2025 Gartner Magic Quadrant for Secure Access Service Edge (SASE) Platforms and ranked first in the Secure Branch Network Modernisation use case in the associated Gartner Critical Capabilities for SASE Platforms report. The designation in the Magic Quadrant report marks a significant acknowledgement for Fortinet in the cybersecurity sector, as SASE platforms continue to play a central role in network security strategies across various industries. The evaluation from Gartner is of particular note to enterprise customers seeking solutions that unify networking and security functions. Market recognition Fortinet regards this latest recognition as supporting its strategic vision to bring together advanced secure software-defined wide area network (SD‐WAN), universal zero trust network access (ZTNA), and artificial intelligence (AI)-enabled threat protection within a single platform. Nirav Shah, Senior Vice President, Products and Solutions at Fortinet, stated: "We are honoured to be recognised as a Leader in the 2025 Gartner Magic Quadrant for SASE Platforms and believe this recognition validates our commitment to organic innovation - building a unified, AI-powered platform that spans all secure access service edge (SASE) use cases. We believe being positioned in the Leaders quadrant in the 2025 Gartner Magic Quadrant for SASE Platforms affirms our strategy of blending proven secure SD‐WAN, universal ZTNA, and AI‐powered threat protection under a single operating system, FortiOS, and one licence for added simplicity and faster return on investment." The company said this recognition follows its recent achievements, which include being acknowledged as a Leader in the 2024 Gartner Magic Quadrant for SD‐WAN for the fifth year in a row, and being named as a Customers' Choice in the 2024 and 2025 Gartner Peer Insights for key segments, including Security Service Edge (SSE), SD-WAN, and ZTNA. Unified approach Fortinet's Unified SASE offering is built on FortiOS, aiming to supply consistent security measures and user experiences across campuses, cloud environments, and remote workforces. The platform is designed for centralised management with a single console and agent, which Fortinet argues reduces complexity and streamlines both policy enforcement and deployment. According to the company, the unified approach incorporates over 160 points of presence globally and utilises a simplified licensing model. Fortinet emphasises monthly product updates, including AI-driven security workflows, as essential to maintaining protection against evolving threats. Branch modernisation The report's ranking in the Secure Branch Network Modernisation use case highlights Fortinet's capability to help clients upgrade from legacy branch network infrastructures. This includes facilitating the transition away from multiprotocol label switching to higher performance branch experiences. Fortinet claims that organisations benefit from faster, simpler site deployments using zero-touch provisioning and centralised management, supporting quicker scaling with less operational overhead. The company said its focus on converging networking and security at the network edge allows IT departments to deliver secure, scalable connectivity solutions. This integration is designed to help reduce costs while providing flexibility in branch modernisation. Growing market Fortinet's ongoing investment in SASE infrastructure and partner enablement positions the company to address demand in a sector which, according to Gartner forecasts, could exceed USD $28.5 billion by 2028. The company's offerings also aim to address regulatory requirements around data sovereignty, which are central concerns in industries such as finance, healthcare, and government. Fortinet was acknowledged for its broader performance in the cybersecurity market, being recognised in 11 separate Magic Quadrant reports spanning both security and networking. The press release noted: "Fortinet was recognised in 11 different Magic Quadrant reports including being named an Honorable Mention in Magic Quadrant for Data Centre Switching, for Access Management, and for Privileged Access Management." In addition to the recognition for SASE and SD-WAN, the company stated it remains the only provider named as a Customer's Choice across all three core SASE segments - SD-WAN, SSE, and ZTNA - on Gartner Peer Insights. Fortinet believes this further validates its strategy to unify networking and security through its Security Fabric platform.
Yahoo
30-01-2025
- Business
- Yahoo
Fortinet, Inc. (FTNT): A Bull Case Theory
We came across a bullish thesis on Fortinet, Inc. (FTNT) on Long-Term Pick's Substack by Dan. In this article, we will summarize the bulls' thesis on FTNT. Fortinet, Inc. (FTNT)'s share was trading at $99.33 as of Jan 29th. FTNT's trailing and forward P/E were 49.91 and 40.23 respectively according to Yahoo Finance. Den Rise/ Fortinet (FTNT) continues to demonstrate a dynamic and evolving presence in the cybersecurity landscape, with key developments enhancing its strategic positioning and growth prospects. As of its upcoming earnings report on February 6, 2025, the company remains confident in its financial health, as evidenced by its recent board-approved $1 billion increase to its share repurchase program, raising the total to $2.03 billion. This move underscores Fortinet's strong balance sheet and commitment to returning value to shareholders. The company's consistent evolution is highlighted by the acquisition of Perception Point, a leader in advanced threat prevention for email, browsers, and SaaS applications. This acquisition strengthens Fortinet's AI-powered cybersecurity capabilities and further expands its portfolio, addressing the growing demand for workforce security in an increasingly digital world. In line with its focus on securing modern infrastructures, Fortinet also launched the FortiGate Rugged 70G, a next-generation firewall tailored for industrial environments, combining enterprise-grade security with high-performance 5G networking to address cybersecurity challenges in operational technology systems. Fortinet has reaffirmed its focus on three key growth areas: Secure Networking, Unified SASE (Secure Access Service Edge), and Security Operations. These areas are crucial in addressing the evolving cybersecurity needs of organizations, particularly as hybrid workforces and cloud-native environments become the norm. Fortinet has also deepened its partnership with Google Cloud, integrating its security technologies with Google's infrastructure to provide Zero Trust architectures, further solidifying its position in the market. Additionally, the company launched FortiAppSec Cloud, a cloud-delivered platform designed to enhance web application and API security across multi-cloud environments. This platform leverages AI-driven threat detection and automated responses to protect against vulnerabilities like SQL injection and cross-site scripting, simplifying security management while improving performance and scalability for modern applications. Fortinet's cybersecurity platform, the Fortinet Security Fabric, continues to evolve with the latest version of its FortiOS operating system. Enhancements to FortiOS include generative AI, data protection, and unified agent features, empowering customers to better mitigate risk, reduce complexity, and improve user experience across their entire network. With these strategic moves and technological advancements, Fortinet is well-positioned for continued growth and market leadership in cybersecurity. The company's diversified portfolio and commitment to innovation make it an attractive player in the rapidly expanding cybersecurity space, with significant upside potential for investors. Fortinet, Inc. (FTNT) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 47 hedge fund portfolios held FTNT at the end of the third quarter which was 42 in the previous quarter. While we acknowledge the risk and potential of FTNT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FTNT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
