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Fortinet NSE 4 - FortiOS 6.4
Fortinet Fortinet learner
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UPDATE

A Fortinet bug disclosed last week is now under active exploitation. 

Fortinet on Friday warned that users of its FortGate firewall and FortiProxy Web proxies should apply the latest updates to their products ASAP due to a critical vulnerability that could allow an attacker to bypass authentication to the products' administration interfaces. 

On Monday, the security firm updated the advisory to note that it's now aware of instances of the bug being exploited in the wild.

An exploit would in effect supply an attacker administrative control of the network devices. The flaw, CVE-2022-40684, affects FortiOS versions 7.0.0 to 7.06 and 7.20 to 7.2.1, and FortiProxy versions 7.0.0 to 7.0.6 and 7.2.0, and could allow an attacker to use "specially crafted HTTP or HTTPS requests" to execute admin operations, according to Fortinet.

"Due to the ability to exploit this issue remotely Fortinet is strongly recommending all customers with the vulnerable versions to perform an immediate upgrade," Fortinet said in its advisory, which was cited on Twitter.

SANS Internet Storm Center (ISC), which reported the advisory, provided additional advice: "If you have Fortinet products managed by a 3rd party, we also recommended you to cross-check with them to ensure the upgrade will be performed," SANS Interior Storm Center handler Xavier Mertens said in a post in the ISC Diary.

“We are committed to the security of our customers. Fortinet recently distributed a PSIRT advisory (FG-IR-22-377) that details mitigation guidance for customers and recommended next steps," according to a Fortinet media statement. "We continue to monitor the situation and have been proactively communicating to customers, strongly urging them to immediately follow the guidance provided in connection with CVE-2022-40684.”

This article was updated at 2 p.m. on Oct. 10 to include information on the bug's active exploitation in the wild, and at 11 a.m. Oct. 11 to include Fortinet's media statement.

Fri, 07 Oct 2022 04:45:00 -0500 en text/html https://www.darkreading.com/vulnerabilities-threats/patch-now-fortinet-fortigate-and-fortiproxy-contain-critical-vuln
Killexams : Fortinet warns that critical authentication bypass flaw has been exploited
Image: Getty Images

The Cybersecurity and Infrastructure Security Agency (CISA) has added a Fortinet critical flaw to its known exploited vulnerabilities catalog.   

CISA on Tuesday added the flaw to the KEV catalog, a day after Fortinet revealed an authentication bypass CVE-2022-40684 that it patched last week was already being exploited in the wild.

"Fortinet is aware of an instance where this vulnerability was exploited, and recommends immediately validating your systems against the following indicator of compromise in the device's logs," Fortinet said

Also: The scary future of the internet: How the tech of tomorrow will pose even bigger cybersecurity threats

The firm has released updates for FortiOS, FortiProxy and FortiSwitchManager to address the flaw, which affects several of its security appliances.

"An authentication bypass using an alternate path or channel vulnerability [CWE-288] in FortiOS, FortiProxy and FortiSwitchManager may allow an unauthenticated atttacker to perform operations on the administrative interface via specially crafted HTTP or HTTPS requests."

However, for customers that can't apply updates immediately, it has also provided workarounds to disable HTTP/HTTPS administrative interface or limit IP addresses that can reach the administrative interface. 

Separately, CISA on Tuesday also added the Windows flaw CVE-2022-41033 to its KEV catalog. Microsoft released an update for it on Tuesday to address a Windows COM+ Event System Service elevation of privilege vulnerability. Microsoft confirmed it had been exploited but noted that the vulnerability had not been publicly disclosed. 

CISA has ordered federal agencies to apply fixes for both flaws by November 1. 

Security researchers with the Horizon3 Attack Team have published early indicators of compromise to help admins discover compromised devices.

Editorial standards
Wed, 12 Oct 2022 01:46:00 -0500 en text/html https://www.zdnet.com/article/fortinet-warns-that-critical-authentication-bypass-flaw-has-been-exploited/
Killexams : Fortinet Customers Told to Urgently Patch Remotely Exploitable Vulnerability

Fortinet has privately informed some customers about a critical and remotely exploitable vulnerability that poses a significant risk.

The cybersecurity firm does not appear to have released a public advisory, but in emails sent to customers the company revealed that its FortiOS and FortiProxy products are affected by a critical authentication bypass vulnerability on the admin interface. The issue is tracked as CVE-2022-40684.

The email has only been distributed to ‘select customers’ and it’s marked as ‘strictly confidential’, with recipients instructed not to share it outside their organization. However, copies of the email have been shared on social media and even on Fortinet forums by customers.

“Fortinet is providing an advanced notification of a critical severity authentication bypass using an alternate path or channel [CWE-88] in specific versions of FortiOS and FortiProxy that may allow an unauthenticated attacker to perform operations on the administrative interface via specially crafted HTTP or HTTPS requests,” Fortinet said.

The company has instructed customers to immediately update their products due to attackers being able to remotely exploit the vulnerability.

FortiOS versions between 7.0.0 and 7.0.6, and between 7.2.0 and 7.2.1 are affected, as well as FortiProxy 7.0.0 through 7.0.6 and 7.2.0. FortiOS patches are included in versions 7.0.7 and 7.2.2, and fixes for FortiProxy are included in 7.0.7 and 7.2.1. There have also been some unconfirmed reports that versions 6.x.x could also be impacted.

Users can also prevent attacks by ensuring that only trusted IP addresses can reach the affected products’ administrative interface.

Threat intelligence company GreyNoise says it will be keeping an eye out for exploitation attempts, but for the time being there is not enough information for them to be able to identify attacks.

Threat intelligence firm Cyberthint reported seeing more than 150,000 potentially vulnerable Fortinet product instances that are exposed to the internet.

While it’s unclear if attacks exploiting CVE-2022-40684 have already begun, it’s not uncommon for threat actors to target vulnerabilities in Fortinet products.

UPDATE: Fortinet has made its advisory public. The company has also informed customers about CVE-2022-33873, which allows an unauthenticated remote attacker to execute arbitrary commands in the underlying shell.

UPDATE 2: Fortinet has confirmed that CVE-2022-40684 is zero-day that has been exploited in at least one attack. 

Related: Vulnerabilities in Fortinet WAF Can Expose Corporate Networks to Attacks

Related: CISA Expands 'Must-Patch' List With Log4j, FortiOS, Other Vulnerabilities

Related: Fortinet Patches High-Severity Vulnerabilities in Several Products

Related: Tens of Thousands of Unpatched Fortinet VPNs Hacked via Old Security Flaw

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
Previous Columns by Eduard Kovacs:
Sun, 09 Oct 2022 22:51:00 -0500 en text/html https://www.securityweek.com/fortinet-customers-told-urgently-patch-remotely-exploitable-vulnerability
Killexams : Fortinet authentication bypass flaw exploited in the wild; security experts call patching critical

The Fortinet authentication bypass vulnerability that was discovered last week and has been confirmed in the wild was the subject of at least two latest research blogs and on Tuesday was entered into the CISA Known Exploited Vulnerabilities (KEV) Catalog.

Fortinet released an update on Monday that detailed how security teams can check their logs for indicators of compromise, a subject that was also covered in a blog yesterday by Horizon3.ai.

Jerrod Piker, competitive intelligence analyst at Deep Instinct, explained that this exploit  – CVE-2022-40684 – functions as a vulnerability in the HTTP/S admin access to most Fortinet solutions. Piker said any organizations that deployed Fortinet devices running FortiOS, FortiProxy, or FortiSwitchManager should immediately respond to this alert, especially since CVE-2022-40684 has been exploited in the wild.

Piker added that the vulnerability lets an unauthenticated user perform administrative actions through the HTTP/S administration portal. These actions may include, but are not limited to: admin SSH key modification to allow access by remote attacker; creation of new local users; modification of configuration to reroute traffic; and access to full system configurations.

Mike Parkin, senior technical engineer at Vulcan Cyber, said vulnerabilities in security products are always problematic, especially when it’s on an edge or gateway device.

“While Fortinet has released an update and offers workarounds that could mitigate the risk, because there’s evidence this has already been exploited in the wild, anyone using the affected products should update sooner, rather than later, and at least restrict access to the devices per industry best practices,” Parkin said.

David Farquhar, solutions architect at Nucleus Security, which also published a blog on Tuesday by Ryan Cribelar on this vulnerability, said the Fortinet products are the types of devices that live at the edge of the network, so they are intended to protect it. As a result, Farquhar said they are the very last place that organizations want an attacker getting access to the management interface.

“In theory, you shouldn’t have that management interface accessible on the internet,” Farquhar said. “Unfortunately, sometimes an organization will make that management interface accessible temporarily, but then forget to close it back up, leaving them exposed. This is one reason why it’s very important to make sure that security teams are scanning all of their publicly-facing address space and looking for things that shouldn’t be there, like management interfaces."

Wed, 12 Oct 2022 09:59:00 -0500 en text/html https://www.scmagazine.com/news/vulnerability-management/fortinet-authentication-bypass-flaw-exploited-in-the-wild-security-experts-call-patching-critical
Killexams : Fortinet Surpasses 1 Million Network Security Expert (NSE) Certifications Issued

Fortinet, Inc.

Fortinet Training Institute Furthers Global Mission to Expand Access to Cyber Training for Untapped Talent and to Advance Skills for Cyber Professionals

Fortinet Training Institute Overview

SUNNYVALE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) --

John Maddison, EVP of Products and CMO at Fortinet
“Fortinet has a long history of working to close the cyber skills gap, and we are proud to share we recently hit a significant milestone by achieving more than 1 million Network Security Expert (NSE) certifications issued to date. Continued learning through training and certifications is a critical way to stay ahead of cyber adversaries who are constantly evolving their attack strategies and methods. This is why Fortinet’s Training Institute is dedicated to offering award-winning cyber training and certifications for security professionals to upskill and advance their knowledge or for those considering reskilling. At the same time, for organizations looking to build cyber awareness in their employees and strengthen their security posture, the Fortinet Training Institute offers its Security Awareness and Training service.”

News Summary
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced it has issued more than 1 million Network Security Expert (NSE) certifications to date, further advancing its commitment to close the cybersecurity skills gap. Adding to this milestone, Fortinet continues to expand the global impact of its training and certification programs with the addition of new courses in priority cybersecurity areas, new training partners, and by expanding access to cyber training to empower untapped talent. Fortinet also continues to help organizations build a cyber-aware workforce through its existing Security Awareness and Training Service and through a recent initiative tied to the 2022 White House National Cyber Workforce and Education Summit, by providing a tailored version of the service available for K-12 school districts in the United States free of charge.

Advancing Skill Sets in Cybersecurity Professionals to Keep Up with Threats
With more than 80% of breaches being attributed to a lack of cyber skills according to a global 2022 Fortinet report, the cybersecurity skills gap continues to be a top-of-mind concern for organizations. In an effort to help close the cyber skills gap, Fortinet – through its Training Advancement Agenda (TAA) and Fortinet Training Institute initiatives – is focused on upskilling security professionals to stay ahead of threats with the following efforts:

  • Validating Skills and Experience with NSE Certifications: As part of Fortinet’s progress to close the skills gap, the Fortinet Training Institute achieved the milestone of over 1 million NSE certifications issued to date. The eight-level training and certification program is designed to provide technical professionals with independent validation of their security and networking skills as well as work experience. Fortinet’s 2022 Global Skills Gap report revealed that 95% of leaders believe technology-focused certifications positively impact their role and their team, while 81% of leaders prefer to hire people with certifications. The Fortinet Training Institute aims to provide professionals the opportunity not only to gain skills to ward off cyber threats, but also career growth opportunities, as leaders value certifications. In addition, the NSE training curriculum is easily accessible to empower access to learning and is offered in instructor-led, virtual instructor-led, and free self-paced training formats.

  • Developing Courses in Key Cybersecurity Areas Across all Industries: The Fortinet Training Institute is continuously updating its training with content that is relevant and dynamic for the issues and challenges cyber professionals face today. For example, the OT Security curriculum, as part of NSE level 7, provides a solid understanding of how to design, implement and operate an OT security solution for critical infrastructures. Other subject areas where the Fortinet Training Institute has expanded its curriculum include Zero Trust Network Access and Secure SD-WAN, among others. Additionally, Fortinet offers low-cost labs to further advance skill sets for anyone taking technical, advanced or expert level training.

  • Leveraging Threat Intelligence from FortiGuard Labs in Curriculum: The Fortinet Training Institute curriculum is developed by Fortinet’s world-class trainers and curriculum developers with an in-depth knowledge of industry-leading technology and the evolving threat landscape. The training curriculum is augmented with threat intelligence from FortiGuard Labs, a global research team comprised of experienced threat hunters, researchers, analysts, engineers, and data scientists. In addition, the curriculum is designed to evolve based on the latest threat intelligence from FortiGuard Labs, ensuring that anyone taking training or pursuing certifications obtains the most relevant skills and knowledge.

  • Offering Opportunities for Professionals to Upskill Through Fortinet’s Global Authorized Training Centers: Fortinet Authorized Training Centers (ATCs) are a network of accredited training organizations in more than 130 countries and territories around the world, teaching in 26 different languages. ATCs deliver the Fortinet Training Institute’s cybersecurity training in local languages. New ATCs that have recently joined the program, extend the availability of Fortinet’s training to security professionals around the world, including: Exclusive Networks (USA), Wavelink (Australia), HRP (Hungary), and DACAS (The Caribbean).

Expanding Access to Cyber Training and Empowering Untapped Talent
Fortinet is increasing access to its cybersecurity training so that more people, regardless of their educational background, current career or life experience, can access cyber courses and help kickstart a career in cybersecurity. Fortinet is also empowering untapped talent pools, including women, students, veterans and more, to reskill or expand their skills for a career in cyber, helping to address the industry talent shortage. As part of this focus, Fortinet made a commitment in September of 2021 to train 1 million people in cybersecurity over 5 years between 2022-2026 and is on track to meet this through various initiatives, including:

  • Enhancing organizations’ cybersecurity awareness training for all employees with the Security Awareness and Training Service: Any company can easily deploy the Fortinet Training Institute’s Security Awareness and Training Service to further protect their security posture by advancing all their employees’ cyber skill sets and knowledge. This service introduced earlier this year is a SaaS-based offering that delivers timely awareness training on today’s cybersecurity threats. It helps IT, security, and compliance leaders build a cyber-aware culture where employees recognize and avoid falling victim to cyberattacks.

  • Offering a Free Security Awareness and Training Service for K-12 School Districts in the U.S.: Fortinet announced that it has made its Security Awareness and Training Service available to K-12 school districts across the United States free of cost, making the training available to approximately 8 million faculty and staff. Educational institutions have seen an increase in bring your own devices (BYOD) making schools and students more vulnerable to cyber threats due to the expanding attack surface and, thus, must ensure they are securing their critical digital assets and sensitive information. With the tailored service, school districts can implement training for staff and faculty to expand their cyber knowledge and skills, so they don’t fall victim to popular threat methods as part of the overall school cybersecurity strategies.

  • Expanding Academic Partner and Education Outreach Programs Partnerships: With more than 470 Authorized Academic Partners worldwide across more than 90 countries and territories, the Fortinet Training Institute continues to work with education institutions globally to help prepare the cyber workforce of the future. Among the new institutions worldwide that have joined the Academic Partner Program are: Universidad Panamericana (UP) in Mexico,Technological University of Queretaro (UTEQ) in Mexico, KLE Tech University in India, South Regional TAFE in Australia, Università of Tor Vergata of Roma in Italy, Cybersecurity Business School in France, UIB - Universitat de les Illes Balears in Spain, Polytechnic Institute of Guarda in Portugal, University West - Högskolan Väst in Sweden, South Texas College in the United States and more. As Authorized Academic Partners, these institutions are using Fortinet’s award-winning technical training in their classrooms and providing students with valuable industry certifications to add to their resumes upon graduation.

    Similarly, the Education Outreach Program is expanding Fortinet’s reach by partnering with additional organizations that represent traditionally underrepresented groups in the high-tech sector such as women, veterans, economically disadvantaged and more. New outreach partners include Cerco IT and National Economic Education Trust (NEET).

Supporting Quotes

“The number of skilled cybersecurity professionals is not growing fast enough to fill the nearly 3 million unfilled cybersecurity positions worldwide. To help solve this critical issue, I co-founded the Cybersecurity Business School in France, which is delivering two programs: a Bachelor of Cybersecurity Specialist and a Master of Cybersecurity Manager. A key part of our program is the Fortinet Training Institute’s Network Security Expert (NSE) training and certifications developed by industry experts, which we are leveraging to incorporate real-world teachings about critical security areas. Implementing Fortinet’s training in our classes and Fortinet security devices in our SOC, IT & OT simulation platform is allowing us to provide a robust curriculum to our students and to further develop the cybersecurity workforce of the future.”        
-Thomas Guilloux, Co-Founder and Technical & Industrial Director at the Cybersecurity Business School in France

“Polytechnic Institute of Guarda (IPG) is excited to partner with Fortinet as part of its Academic Partner Program. In a world amid digital transition, cybersecurity is a big issue today, and its global importance goes beyond impacting only IT teams. Therefore, for the teachers and researchers of the Polytechnic Institute of Guarda, having access to training from an industry-leading company like Fortinet is a very enriching experience. At the same, our students are acquiring know-how and certifications to work in an area with a huge shortage of qualified human resources directly from the current world leader in the area. As a result of this collaboration, Polytechnic Institute of Guarda will have a very relevant impact on the region and across the country in helping address the skills gap by preparing the future workforce. According to a report prepared by Fortinet in 2021, 80% of organizations that suffered cyberattacks attributed it to the lack of skills of their staff in the area of ​​cybersecurity. In Portugal, at the Polytechnic Institute of Guarda, the Fortinet Academy is contributing to making the country digitally safer.”
- Joaquim Brigas, President at the Polytechnic Institute of Guarda

“Today's organizations need professionals knowledgeable on courses related to digital security so that, with the advancement of technology, they know how to mitigate the growing number of threats and vulnerabilities. We have the responsibility to prepare our students in Mexico to take on the task of preventing cyberattacks to protect important information and organizations. Our collaboration with Fortinet is a testament of this commitment. With this agreement, the Universidad Panamericana (UP) further provides high-level training in IT and reiterates its commitment to continue preparing its students for digital transformation in areas related to cybersecurity”.
- Juan Carlos García, director of Digital Transformation at the Universidad Panamericana in Mexico

“To grant our candidates (ex-military or otherwise) access to the NSE training curriculum is a huge step forward in creating highly skilled IT professionals and enables us to further address the shortfall in the UK’s cybersecurity talent pool. We are thrilled to collaborate with the global leader in network security and are excited to be working with such a strong, internationally recognised training programme focused on closing the cyber skills gap.”
- Chris Barlow, MD of Cerco IT

“To address the skills gaps and provide training for skills that are in high demand, NEET has identified a need for training the unemployed youth in Forth Industrial Revolutions (4IR) skills and paying immediate attention to addressing cybersecurity skills gaps, which will be carried out by NEET 4IR Academy. Fortinet, as a global leader in broad, integrated and automated cybersecurity solutions, aligns quite perfectly as a strategic partner to help us achieve our organizational mission and vision in a manner that is both meaningful and impactful to our communities.”
- Thomas Sithole, Chairman at National Economic Education Trust (NEET)

Additional Resources

About Fortinet
Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 595,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2022 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently Verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/446402a9-3c18-4c27-bc56-68455d6aa356

Mon, 03 Oct 2022 02:07:00 -0500 en-US text/html https://www.yahoo.com/now/fortinet-surpasses-1-million-network-130000711.html
Killexams : Analyst Ratings for Fortinet

Fortinet (NASDAQ:FTNT) has observed the following analyst ratings within the last quarter:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 6 1 0 0
Last 30D 0 1 0 0 0
1M Ago 1 1 0 0 0
2M Ago 0 1 0 0 0
3M Ago 1 3 1 0 0

In the last 3 months, 9 analysts have offered 12-month price targets for Fortinet. The company has an average price target of $71.56 with a high of $78.00 and a low of $65.00.

Below is a summary of how these 9 analysts rated Fortinet over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This current average has decreased by 5.59% from the previous average price target of $75.80.

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fri, 07 Oct 2022 03:22:00 -0500 en text/html https://markets.businessinsider.com/news/stocks/analyst-ratings-for-fortinet-1031790345
Killexams : Fortinet: Fairly Valued, Profitable And Growing Rapidly
Computer System Hacked. Virus Software Screen

AndreyPopov

Fortinet (NASDAQ:FTNT) is a cybersecurity powerhouse that is a leader in firewalls. According to Check Point Research, global cybersecurity attacks have increased by 32% year over year, with over 1,200 attacks per week globally. The rise of remote working, the cloud and Internet of Things (IoT) devices have widened the attack surface which has made networks more vulnerable to attack. Thus it's no surprise the global cybersecurity market was worth $139 billion in 2021 and is expected to grow at a rapid 13.4% compounded annual growth rate reaching $376 billion by 2029. Fortinet is poised to ride this trend as one of the largest cybersecurity companies in the industry, with best-in-class technology. The company's stock price has slid down by 29% from its all-time highs in December 2021, and the stock now looks to be fairly valued, while being profitable. In this post, I'm going to break down the company's business model, financials, and valuation, let's dive in.

Secure Business Model

The company's FortiGate Firewall solution makes up over one-third of firewall shipments globally, leaving competitors in the dust.

Fortinet firewall

Fortinet firewall (Investor Presentation 2022)

Fortinet's firewall is also rated as the number one market leader by Gartner and the platform has even won the customer choice award for 2022.

Fortinet firewall

Fortinet firewall (Gartner)

Its firewall solution offers a network security framework that offers threat prevention while also not limiting performance. Customer reviews also indicate the solution is "simple to use" and easier to set up which can be a real selling point for any digital transformation product. From the graphic below you can see the core hardware and software products are complimented by a series of security services that are sold on a subscription, which thus offers recurring revenue.

Fortinet products

Fortinet products (Investor Presentation)

Fortinet's technological success is driven by its proprietary ASIC (Application Specific Integrated Circuit) technology. This is a custom semiconductor design that enables higher performance to be achieved at a much lower cost than an off-the-shelf non-custom piece of hardware.

According to a latest survey of Chief Information Security Officers (CISOs) by Gartner, 75% of them are overwhelmed by the number of vendors and would like to consolidate with a small number of security providers. This is a large increase from 29% of CISOs in 2020. The cybersecurity industry is extremely fragmented with no one company making up over 10% market share. This offers an opportunity for Fortinet as they already have the second largest revenue, just behind Palo Alto Networks (PANW). Therefore as the industry consolidates Fortinet can offer customers its MESH platform that offers security from endpoint devices to the data center and hybrid cloud.

Fortinet

Fortinet solution (Investor presentation 2022)

Fortinet is also a Gartner Magic Quadrant leader in the software-defined WAN Edge Infrastructure. WAN stands for "Wide Area Network" and is basically the network that connects together a corporation's branch offices. The "software" part makes it much easier to scale, manage and extend this network.

Growing Financials

Fortinet generated solid financial results for the second quarter of 2022. Revenue was $1.03 billion which popped by 28.6% year over year and beat analyst estimates by $2.43 million. This growth was driven by strong product revenue of $400.7 million, which grew by a rapid 34.3% year over year, while its core platform grew revenue by 35% and extension products by 33%, which was a positive sign that its "land and expand" model is working.

Revenue

Revenue (Fortinet Q2 Earnings)

Total service revenue was $629 million, which increased by a rapid 25.2% year over year. This was driven mainly by security subscription service revenue which increased by 25% year over year to $340 million. Support service revenue also increased by a rapid 26% year over year to $289 million. Overall these revenue trends were pretty strong with diverse growth generated across the board.

Chart
Data by YCharts

If we take a step back, Billings which is the amount actually invoiced to customers and is the true "top line" for SaaS companies, also showed solid growth. Billings were $1.3 billion which increased by 36% year over year. This was driven by a strong 50% YoY increase in the number of larger customers, which transact over $1 million. This strategy of "growing upmarket" makes a lot of sense as larger customers tend to be more "sticky", have larger budgets, and more upsell opportunities. Fortinet's focus on vendor consolidation has been a key selling point that has made the platform popular with CISOs (Chief Information Security Officers). Service billings also accelerated with a 36% increase year over year. This was driven by pricing actions that offset headwinds from Russian services that had been halted.

Another great indicator to analyze with SaaS companies is "Bookings", this is a forward-looking metric that indicates the value of contracts signed by a customer. In this case, Bookings were $1.376 billion in the second quarter of 2022, which increased by 42% year over year. This was driven by strong Secure SD-WAN bookings which increased by 60% year over year, as the IT industry begins to converge networking and security together. The company also scored a larger number of global 2000 companies, which increased by 65% year over year.

Bookings

Bookings (Q2 Earnings Report)

Total Backlog which is the "unbilled" portion of the contract value was $350 million, which increased by $72 million and represented strong product demand. This was mainly driven by networking equipment, which made up ~50%, while FortiGates made up 40%. The track record shows this backlog is extremely strong and "sticky". Fortinet's, current customers make up over 95% of Backlog, and it is well diversified across customers. Management believes its Backlog will continue to increase in 2022, despite supply chain constraints which are making product shipping a challenge.

Backlog

Backlog (Q2 Earnings Report)

Fortinet is extremely diversified across various customer categories. For instance, larger enterprises make up 40% of its customer base which is the "safest" and most lucrative customer type, due to the aforementioned reasons. By geography, over 100 countries make up 47% of revenue, followed by 28% for the US. This is especially important given the increasing geopolitical uncertainty, driven by the Russia-Ukraine war. Its Industry diversification is also strong with its service being most popular by worldwide governments at 16% and "other industries" at 39%.

Customer Type

Customer Type (Q2 Report)

Moving onto profitability, Fortinet is solidly profitable with a GAAP operating margin of 19% and income of $147.5 million in Q2,22, which is fantastic. This is in sharp contrast to many other cybersecurity companies out there such as SentinelOne (S) which is unprofitable. Fortinet generated solid earnings per share of $0.21 in the second quarter, which beat analyst estimates by $0.05.

Chart
Data by YCharts

Fortinet also generated strong free cash flow of $283.5 million in Q2,22, although it was down from the $394.7 million generated in the prior year. This was driven by an increase in Days Sales Outstanding (DSO) to 14 days, this indicates the company is experiencing delays on its payments. This can be attributed to the timing of inventory deliveries from various contract manufacturers. The new R&D capitalization rules have impacted many businesses across the board and have caused a tax increase of between $85 million and $110 million for Fortinet.

The good news is Fortinet has a robust balance sheet with $1.755 billion in cash and short-term investments. In addition, the business has long-term debt of $984.9 million. In the six months ending on June 30th, 2022, Fortinet bought back over 25.8 million shares of stock at an average price of ~$57.82 per share, for approximately $1.49 billion. Management has also authorized a $1 billion increase in its share repurchase program.

Advanced Valuation

In order to value Fortinet, I have plugged the latest financials into my advanced valuation model which uses the discounted cash flow method of valuation. I have forecasted a 24% compounded annual growth rate on its revenue over the next 5 years, based on analyst estimates.

Fortinet stock valuation

Fortinet stock valuation (created by author Ben at Motivation 2 Invest)

I have forecasted the business's margin to increase to 27% over the next 8 years, as the company continues to upsell products and offer its high-margin security software solution. It should be noted that this margin includes an adjustment for R&D expenses which I have capitalized. Thus the reported base margin is actually 19% as mentioned prior and I expect this to increase to ~23%.

Fortinet stock valuation 2

Fortinet stock valuation 2 (created by author Ben at Motivation 2 Invest)

Given these factors I get a fair value of $48.81 per share, the stock is trading at $51 per share and thus is "fairly valued" in my eyes, given the strong profitability of the business.

As an extra data point, Fortinet trades at a Price to Earnings ratio = 48, which is fairly high but this is ~1% cheaper than its 5-year average.

Chart
Data by YCharts

Relative to other cybersecurity companies, Fortinet trades at a mid-range price-to-sales ratio = 9.2. For example, Palo Alto Networks is slightly cheaper with a PS ratio = 7.4.

Chart
Data by YCharts

Risks

Recession/Longer deal cycles

The high inflation and rising interest rate environment have caused many analysts to forecast a recession. Therefore I expect purchasing deals to take longer to close, as IT security teams delay new spending. The good news is Fortinet has increasingly focused on the Return on Investment (ROI) of its service and they even have an ROI calculator on its website. Thus longer term, the value proposition is still strong for businesses.

Competition

There are many competitors in the Cybersecurity industry. Top competitors according to Gartner include; Palo Alto Networks, Juniper (JNPR), Cisco (CSCO), Forcepoint, F5 (FFIV) and more. However, Fortinet has the highest-rated network firewall platform as mentioned prior.

Final Thoughts

Fortinet is a leading cybersecurity company that dominates the firewall industry. The company has expanded its product range and is now poised to benefit from trends such as industry growth and vendor consolidation. The stock is fairly valued, profitable, and growing steadily, thus this looks to be a great investment for the long term.

Tue, 04 Oct 2022 11:16:00 -0500 en text/html https://seekingalpha.com/article/4544696-fortinet-fairly-valued-profitable-and-growing-rapidly
Killexams : Fortinet to Announce Third Quarter 2022 Financial Results

Fortinet, Inc.

SUNNYVALE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) --

News Summary
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call to discuss its third quarter 2022 financial results on Wednesday, November 2, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start.

The CEO and CFO’s prepared remarks, supplemental slides and a call replay will be accessible from the Quarterly Earnings page on the Investor Relations page of Fortinet's website at https://investor.fortinet.com/quarterly-earnings.

About Fortinet
Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 595,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.

FTNT-F

Copyright © 2022 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPenTest, FortiPhish, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiSASE, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.

Other trademarks belong to their respective owners. Fortinet has not independently Verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

Mon, 03 Oct 2022 03:43:00 -0500 en-US text/html https://finance.yahoo.com/news/fortinet-announce-third-quarter-2022-130000207.html
Killexams : Fortinet, Inc.: Fortinet Surpasses 1 Million Network Security Expert (NSE) Certifications Issued

Fortinet Training Institute Furthers Global Mission to Expand Access to Cyber Training for Untapped Talent and to Advance Skills for Cyber Professionals

SUNNYVALE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) --

John Maddison, EVP of Products and CMO at Fortinet
"Fortinet has a long history of working to close the cyber skills gap, and we are proud to share we recently hit a significant milestone by achieving more than 1 million Network Security Expert (NSE) certifications issued to date. Continued learning through training and certifications is a critical way to stay ahead of cyber adversaries who are constantly evolving their attack strategies and methods. This is why Fortinet's Training Institute is dedicated to offering award-winning cyber training and certifications for security professionals to upskill and advance their knowledge or for those considering reskilling. At the same time, for organizations looking to build cyber awareness in their employees and strengthen their security posture, the Fortinet Training Institute offers its Security Awareness and Training service."

News Summary
Fortinetto date, further advancing its commitment to close the cybersecurity skills gap. Adding to this milestone, Fortinet continues to expand the global impact of its training and certification programs with the addition of new courses in priority cybersecurity areas, new training partners, and by expanding access to cyber training to empower untapped talent. Fortinet also continues to help organizations build a cyber-aware workforce through its existing Security Awareness and Training Serviceand through a latest initiativetied to the 2022 White House National Cyber Workforce and Education Summit, by providing a tailored version of the service available for K-12 school districts in the United States free of charge.

Advancing Skill Sets in Cybersecurity Professionals to Keep Up with Threats
With more than 80% of breachesbeing attributed to a lack of cyber skills according to a global 2022 Fortinet report, the cybersecurity skills gap continues to be a top-of-mind concern for organizations. In an effort to help close the cyber skills gap, Fortinet - through its Training Advancement Agendainitiatives - is focused on upskilling security professionals to stay ahead of threats with the following efforts:

  • Validating Skills and Experience with NSE Certifications: As part of Fortinet's progress to close the skills gap, the Fortinet Training Institute achieved the milestone of over 1 million NSE certifications (https://training.fortinet.com/local/staticpage/view.php?page=certifications&utm_source=pr&utm_campaign=q2-nse) issued to date. The eight-level training and certification program is designed to provide technical professionals with independent validation of their security and networking skills as well as work experience. Fortinet's 2022 Global Skills Gap report (https://www.fortinet.com/content/dam/fortinet/assets/reports/report-2022-skills-gap-survey.pdf?utm_source=pr&utm_campaign=report-2022-skills-gap-survey) revealed that 95% of leaders believe technology-focused certifications positively impact their role and their team, while 81% of leaders prefer to hire people with certifications. The Fortinet Training Institute (https://www.fortinet.com/nse-training?utm_source=pr&utm_campaign=nse-training) aims to provide professionals the opportunity not only to gain skills to ward off cyber threats, but also career growth opportunities, as leaders value certifications. In addition, the NSE training curriculum is easily accessible to empower access to learning and is offered in instructor-led, virtual instructor-led, and free self-paced training formats.
  • Developing Courses in Key Cybersecurity Areas Across all Industries: The Fortinet Training Institute (https://www.fortinet.com/nse-training?utm_source=pr&utm_campaign=nse-training) is continuously updating its training with content that is relevant and dynamic for the issues and challenges cyber professionals face today. For example, the OT Security curriculum, as part of NSE level 7, provides a solid understanding of how to design, implement and operate an OT security solution for critical infrastructures. Other subject areas where the Fortinet Training Institute has expanded its curriculum include Zero Trust Network Access (https://www.fortinet.com/resources/cyberglossary/zero-trust-edge?utm_source=pr&utm_campaign=zero-trust-edge) and Secure SD-WAN (https://www.fortinet.com/products/sd-wan.html?utm_source=pr&utm_campaign=sd-wan), among others. Additionally, Fortinet offers low-cost labs to further advance skill sets for anyone taking technical, advanced or expert level training.
  • Leveraging Threat Intelligence from FortiGuard Labs in Curriculum: The Fortinet Training Institute curriculum is developed by Fortinet's world-class trainers and curriculum developers with an in-depth knowledge of industry-leading technology and the evolving threat landscape. The training curriculum is augmented with threat intelligence from FortiGuard Labs (https://www.fortinet.com/fortiguard/labs?utm_source=pr&utm_campaign=fortiguardlabs), a global research team comprised of experienced threat hunters, researchers, analysts, engineers, and data scientists. In addition, the curriculum is designed to evolve based on the latest threat intelligence from FortiGuard Labs, ensuring that anyone taking training or pursuing certifications obtains the most relevant skills and knowledge.
  • Offering Opportunities for Professionals to Upskill Through Fortinet's Global Authorized Training Centers: Fortinet Authorized Training Centers (https://www.fortinet.com/support/training/learning-center) (ATCs) are a network of accredited training organizations in more than 130 countries and territories around the world, teaching in 26 different languages. ATCs deliver the Fortinet Training Institute's cybersecurity training in local languages. New ATCs that have recently joined the program, extend the availability of Fortinet's training to security professionals around the world, including: Exclusive Networks (USA), Wavelink (Australia), HRP (Hungary), and DACAS (The Caribbean).

Expanding Access to Cyber Training and Empowering Untapped Talent
Fortinet is increasing access to its cybersecurity training so that more people, regardless of their educational background, current career or life experience, can access cyber courses and help kickstart a career in cybersecurity. Fortinet is also empowering untapped talent pools, including women, students, veterans and more, to reskill or expand their skills for a career in cyber, helping to address the industry talent shortage. As part of this focus, Fortinet made a commitmentin September of 2021 to train 1 million people in cybersecurity over 5 years between 2022-2026 and is on track to meet this through various initiatives, including:

  • Enhancing organizations' cybersecurity awareness training for all employees with the Security Awareness and Training Service: Any company can easily deploy the Fortinet Training Institute's Security Awareness and Training Service (https://www.fortinet.com/training/security-awareness-training) to further protect their security posture by advancing all their employees' cyber skill sets and knowledge. This service introduced (https://www.fortinet.com/corporate/about-us/newsroom/press-releases/2022/fortinet-launches-new-security-awareness-training-service-cyber-awareness-mitigate-threats) earlier this year is a SaaS-based offering that delivers timely awareness training on today's cybersecurity threats. It helps IT, security, and compliance leaders build a cyber-aware culture where employees recognize and avoid falling victim to cyberattacks.
  • Offering a Free Security Awareness and Training Service for K-12 School Districts in the U.S.: Fortinet announced (https://www.fortinet.com/corporate/about-us/newsroom/press-releases/2022/fortinet-announces-free-training-offering-schools-white-house-cyber-workforce-education-summit) that it has made its Security Awareness and Training Service available to K-12 school districts across the United States free of cost, making the training available to approximately 8 million faculty and staff. Educational institutions have seen an increase in bring your own devices (BYOD) making schools and students more vulnerable to cyber threats due to the expanding attack surface and, thus, must ensure they are securing their critical digital assets and sensitive information. With the tailored service, school districts can implement training for staff and faculty to expand their cyber knowledge and skills, so they don't fall victim to popular threat methods as part of the overall school cybersecurity strategies.
  • Expanding Academic Partner and Education Outreach Programs Partnerships: With more than 470 Authorized Academic Partners worldwide across more than 90 countries and territories, the Fortinet Training Institute continues to work with education institutions globally to help prepare the cyber workforce of the future. Among the new institutions worldwide that have joined the Academic Partner Program are: Universidad Panamericana (UP) in Mexico,Technological University of Queretaro (UTEQ) in Mexico, KLE Tech University in India, South Regional TAFE in Australia, Università of Tor Vergata of Roma in Italy, Cybersecurity Business School in France, UIB - Universitat de les Illes Balears in Spain, Polytechnic Institute of Guarda in Portugal, University West - Högskolan Väst (https://www.hv.se/en/) in Sweden, South Texas College in the United States and more. As Authorized Academic Partners, these institutions are using Fortinet's award-winning technical training in their classrooms and providing students with valuable industry certifications to add to their resumes upon graduation.

    Similarly, the Education Outreach Program (https://www.fortinet.com/training/education-outreach-program) is expanding Fortinet's reach by partnering with additional organizations that represent traditionally underrepresented groups in the high-tech sector such as women, veterans, economically disadvantaged and more. New outreach partners include Cerco IT and National Economic Education Trust (NEET).

Supporting Quotes

"The number of skilled cybersecurity professionals is not growing fast enough to fill the nearly 3 million unfilled cybersecurity positions worldwide. To help solve this critical issue, I co-founded the Cybersecurity Business School in France, which is delivering two programs: a Bachelor of Cybersecurity Specialist and a Master of Cybersecurity Manager. A key part of our program is the Fortinet Training Institute's Network Security Expert (NSE) training and certifications developed by industry experts, which we are leveraging to incorporate real-world teachings about critical security areas. Implementing Fortinet's training in our classes and Fortinet security devices in our SOC, IT & OT simulation platform is allowing us to provide a robust curriculum to our students and to further develop the cybersecurity workforce of the future."
-Thomas Guilloux, Co-Founder and Technical & Industrial Director at the Cybersecurity Business School in France

"Polytechnic Institute of Guarda (IPG) is excited to partner with Fortinet as part of its Academic Partner Program. In a world amid digital transition, cybersecurity is a big issue today, and its global importance goes beyond impacting only IT teams. Therefore, for the teachers and researchers of the Polytechnic Institute of Guarda, having access to training from an industry-leading company like Fortinet is a very enriching experience. At the same, our students are acquiring know-how and certifications to work in an area with a huge shortage of qualified human resources directly from the current world leader in the area. As a result of this collaboration, Polytechnic Institute of Guarda will have a very relevant impact on the region and across the country in helping address the skills gap by preparing the future workforce. According to a report prepared by Fortinet in 2021, 80% of organizations that suffered cyberattacks attributed it to the lack of skills of their staff in the area of ??cybersecurity. In Portugal, at the Polytechnic Institute of Guarda, the Fortinet Academy is contributing to making the country digitally safer."
- Joaquim Brigas, President at the Polytechnic Institute of Guarda

"Today's organizations need professionals knowledgeable on courses related to digital security so that, with the advancement of technology, they know how to mitigate the growing number of threats and vulnerabilities. We have the responsibility to prepare our students in Mexico to take on the task of preventing cyberattacks to protect important information and organizations. Our collaboration with Fortinet is a testament of this commitment. With this agreement, the Universidad Panamericana (UP) further provides high-level training in IT and reiterates its commitment to continue preparing its students for digital transformation in areas related to cybersecurity".
- Juan Carlos García, director of Digital Transformation at the Universidad Panamericana in Mexico

"To grant our candidates (ex-military or otherwise) access to the NSE training curriculum is a huge step forward in creating highly skilled IT professionals and enables us to further address the shortfall in the UK's cybersecurity talent pool. We are thrilled to collaborate with the global leader in network security and are excited to be working with such a strong, internationally recognised training programme focused on closing the cyber skills gap."
- Chris Barlow, MD of Cerco IT

"To address the skills gaps and provide training for skills that are in high demand, NEET has identified a need for training the unemployed youth in Forth Industrial Revolutions (4IR) skills and paying immediate attention to addressing cybersecurity skills gaps, which will be carried out by NEET 4IR Academy. Fortinet, as a global leader in broad, integrated and automated cybersecurity solutions, aligns quite perfectly as a strategic partner to help us achieve our organizational mission and vision in a manner that is both meaningful and impactful to our communities."
- Thomas Sithole, Chairman at National Economic Education Trust (NEET)

Additional Resources

  • Read more about Fortinet's NSE certification milestone and why certifications are critical to closing the skills gap in this blog (https://www.fortinet.com/blog/business-and-technology/fortinet-issues-more-than-1-million-nse-certifications-addressing-need-for-cybersecurity-upskilling).
  • Learn more about Fortinet's free cybersecurity training (https://www.fortinet.com/training/cybersecurity-professionals?utm_source=blog&utm_medium=blog&utm_campaign=freetraining), which includes broad cyber awareness and product training. As part of the Fortinet Training Advancement Agenda (TAA), the Fortinet Training Institute (https://youtu.be/lOtWOuvdMnc) also provides training and certification through the Network Security Expert (NSE) Certification (https://www.fortinet.com/training-certification?utm_source=pr&utm_medium=pr&utm_campaign=NSE), Academic Partner (https://www.fortinet.com/training/security-academy-program?utm_source=pr&utm_medium=pr&utm_campaign=academy), and Education Outreach (https://www.fortinet.com/training/education-outreach-program?utm_source=pr&utm_medium=pr&utm_campaign=outreach) programs.
  • Learn more about FortiGuard Labs (https://www.fortinet.com/fortiguard/labs?utm_source=blog&utm_medium=blog&utm_campaign=fglabs) threat intelligence and research and Outbreak Alerts (https://www.fortinet.com/fortiguard/outbreak-alert?utm_source=blog&utm_medium=blog&utm_campaign=outbreak), which provide timely steps to mitigate breaking cybersecurity attacks.
  • Learn more about Fortinet's FortiGuard Security Services portfolio (https://www.fortinet.com/solutions/enterprise-midsize-business/security-as-a-service/fortiguard-subscriptions?utm_source=blog&utm_medium=blog&utm_campaign=services).
  • Read more about how Fortinet customers (https://www.fortinet.com/customers?utm_source=pr&utm_medium=pr&utm_campaign=customers) are securing their organizations.
  • Follow Fortinet on Twitter (https://twitter.com/Fortinet), LinkedIn (https://www.linkedin.com/company/fortinet), Facebook (https://www.facebook.com/fortinet/), and Instagram (https://www.instagram.com/behindthefirewall/). Subscribe to Fortinet on our blog (https://www.fortinet.com/blog?utm_source=blog&utm_medium=blog&utm_campaign=blog) or YouTube (https://www.youtube.com/channel/UCJHo4AuVomwMRzgkA5DQEOA'sub_confirmation=1).

About Fortinet
Fortinet, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2022 Fortinet, Inc. All rights reserved. The symbols and denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently Verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

Media Contact: Investor Contact: Analyst Contact:
Stephanie Lira Peter Salkowski Brian Greenberg
Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
408-235-7700 408-331-4595 650-554-0941
pr@fortinet.com (mailto:pr@fortinet.com) psalkowski@fortinet.com (mailto:psalkowski@fortinet.com) analystrelations@fortinet.com (mailto:analystrelations@fortinet.com)

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/446402a9-3c18-4c27-bc56-68455d6aa356


Mon, 03 Oct 2022 03:05:00 -0500 de text/html https://www.finanznachrichten.de/nachrichten-2022-10/57206360-fortinet-inc-fortinet-surpasses-1-million-network-security-expert-nse-certifications-issued-399.htm
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