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    FTNT   US34959E1091

FORTINET, INC.

(FTNT)
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Telefónica Tech and Fortinet Launch Global Secure SD-WAN Service to Secure and Connect Work-From-Anywhere

10/18/2021 | 09:00am EST

Telefónica Tech and Fortinet® announcing the launch of a new global managed service centered around a security-driven networking approach to SD-WAN. The new service converges networking and security functionality into a single integrated offering to empower the hybrid work era and enable users to have optimal performance and security while connecting from offices, factories or sites and extend this experience when remotely accessing business applications. Combining the global capabilities of Fortinet Secure SD-WAN with the managed security and cloud services of Telefónica Tech ensures quality of experience and security no matter where users are located by providing agile connectivity and next-generation managed security ready for multi-cloud environments. The hybrid and cloud-centric work model adopted to respond to the COVID-19 pandemic is the new normal, and even as offices begin to reopen, organizations have been accelerating the migration of their services to the cloud to allow employees to work from anywhere. This new managed service, flexWAN by Fortinet, is an evolution of the flexWAN service as it now natively integrates cybersecurity. It will be first launched in Spain and soon extended globally throughout Telefónica’s worldwide footprint across Europe and the Americas. Backed by strong technical expertise, the new service will allow Telefónica Tech clients to leverage managed security and advanced connectivity. Built on the principles of security-driven networking, the converged networking and security managed service will also enable the extension to SASE (Secure Access Service Edge) to allow Telefónica customers to accelerate the digitalization of the workplace securely and with the best performance possible with connectivity.


© S&P Capital IQ 2021
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Analyst Recommendations on FORTINET, INC.
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Financials (USD)
Sales 2021 3 339 M - -
Net income 2021 581 M - -
Net cash 2021 2 568 M - -
P/E ratio 2021 95,3x
Yield 2021 -
Capitalization 54 300 M 54 300 M -
EV / Sales 2021 15,5x
EV / Sales 2022 12,7x
Nbr of Employees 9 700
Free-Float 81,8%
Chart FORTINET, INC.
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Technical analysis trends FORTINET, INC.
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 332,11 $
Average target price 372,85 $
Spread / Average Target 12,3%
EPS Revisions
Managers and Directors
Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Keith Franklin Jensen CFO, Chief Accounting Officer & Controller
Phil Quade Chief Information Security Officer
William H. Neukom Lead Independent Director
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