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Fortinet : security solution receives good reviews from independent rating groups

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01/12/2019 | 08:38am EDT

CYBER security provider Fortinet has gained positive reviews from third parties for its network security offering. Its FortiGate Secure SD-WAN solution is ranked high for completeness of vision in the Challengers quadrant of the first Gartner Magic Quadrant for WAN Edge Infrastructure.

The world's leading research and advisory company just recently released a report, titled 'Survey Analysis: Address Security and Digital Concerns to Maintain Rapid SD-WAN Growth,' showing how security is the top WAN concern.

According to this study, 'customers continue to strive for better WAN performance and visibility, but security now tops their priorities when it comes to the challenges with their WAN.' In fact, 72 percent of survey respondents said that security was their topmost concern when it comes to their WAN. Organizations are increasingly adopting direct Internet access in their SD-WAN deployments, raising security concerns and requiring that CISOs be closely involved for a smooth transition of any SD-WAN deployment. Many SD-WAN vendors, likewise, don't provide the advanced security features required for these types of deployments.

'Currently, most SD-WAN vendors support basic capabilities such as stateful firewalling and VPN; however, they lack and, hence, depend on security partners for advanced functionalities, such as intrusion prevention system, malware analysis and sandboxing,' Gartner said in a statement. As a result, many organizations are increasingly looking to incorporate best-of-breed enterprise-grade security at the WAN edge to enhance their security efficacy and reduce costs by eliminating multiple vendors. The survey also found that 'Internet breakout security will see the maximum investment.'

Of all vendors in Gartner Peer Insights, Fortinet has the most reviews for the WAN Edge Infrastructure Market as of December 14, 2018. Meanwhile, it was the only vendor with security capabilities to receive an SD-WAN 'Recommended' rating in the first NSS Labs Software-Defined Wide Area Networking test report.

Fortinet's FortiGate Secure SD-WAN solution brings the functionality provided by pure-play SD-WAN vendors with advanced security built into one single offering.

It is supported by independent testing to deliver excellent quality of experience for voice and video, high VPN throughput and best price/performance.

At Fortinet, SD-WAN functionality has been organically developed in-house and is a feature of every FortiGate Next-Generation Firewall.

Purpose-built security processors and threat intelligence from FortiGuard Labs guarantee that security is an integral part of Fortinet's SD-WAN solution. Organizations and businesses worldwide are choosing Fortinet's FortiGate Secure SD-WAN, mainly for its enterprise-grade security for direct Internet access, deep inspection of encrypted traffic to support digital transformation, security for SD-branch and compliance with security rating services.

'In today's threat landscape, security can never be an afterthought in any network deployment. Fortinet's focused innovations and evolution of best-of-breed SD-WAN with in-built next-generation firewall provide the advanced threat protection necessary for direct Internet connectivity,' said John Maddison, SVP of products and solutions at Fortinet.

'Our philosophy of tightly integrating security and SD-WAN functionality together minimizes management complexity, ensures a safer deployment and helps reduce costs. It's clearly resonating with customers, and we're seeing rapid adoption of FortiGate Secure SD-WAN,' he said.

Based in Sunnyvale, California, Fortinet is an international leader in broad, integrated and automated cyber security solutions. Ranked No. 1 in the most security appliances shipped worldwide, more than 375,000 customers tap this multinational to protect their businesses.

In the Philippines, the network security company provides sales and marketing support, as well as technical back up to their distributors and resellers.

(c) 2019 Business Mirror Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 2 089 M
EBIT 2019 479 M
Net income 2019 230 M
Finance 2019 2 275 M
Yield 2019 -
P/E ratio 2019 61,42
P/E ratio 2020 50,38
EV / Sales 2019 5,87x
EV / Sales 2020 5,02x
Capitalization 14 536 M
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Technical analysis trends FORTINET
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 30
Average target price 87,2 $
Spread / Average Target 2,3%
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Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Keith Franklin Jensen CFO, Chief Accounting Officer & Controller
Christopher B. Paisley Lead Independent Director
William H. Neukom Independent Director
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