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Exam Code: NSE7_EFW-6.2 Practice test 2022 by Killexams.com team
NSE7_EFW-6.2 Fortinet NSE 7 - Enterprise Firewall 6.2

Fortinet NSE 7 - Enterprise Firewall 6.2
Exam series: NSE7_EFW-6.2
Number of questions: 30
Time allowed to complete: 60 minutes
Language: English and Japanese
Product version: FortiOS 6.2
Status: Available

1. Security Fabric
2. FortiOS Architecture
3. Traffic and Session Monitoring
4. Routing
5. FortiGuard
6. High Availability
7. Central Management
8. OSPF
9. Border Gateway Protocol (BGP)
10. Web Filtering
11. Intrusion Prevention System (IPS)

After completing this course, participants will be able to:
l Integrate FortiManager, FortiAnalyzer, and multiple FortiGate devices using the Fortinet Security Fabric
l Centralize the management and monitoring of network security events
l Optimize FortiGate resources
l Diagnose and monitor user traffic using FortiGate debug tools
l Troubleshoot issues with conserve mode, high CPU, firewall policies, session helpers, IPsec, FortiGuard, content inspection, routing, and HA
l Harden the enterprise services
l Simultaneously deploy IPsec tunnels to multiple sites using the FortiManager VPN console
l Configure ADVPN to enable on-demand VPN tunnels between sites
l Combine OSPF and BGP to route the enterprise traffic

Fortinet NSE 7 - Enterprise Firewall 6.2
Fortinet Enterprise test Questions
Killexams : Fortinet Enterprise test Questions - BingNews https://killexams.com/pass4sure/exam-detail/NSE7_EFW-6.2 Search results Killexams : Fortinet Enterprise test Questions - BingNews https://killexams.com/pass4sure/exam-detail/NSE7_EFW-6.2 https://killexams.com/exam_list/Fortinet Killexams : Fortinet, Inc. (FTNT) CEO Ken Xie on Q2 2022 Results - Earnings Call Transcript

Fortinet, Inc. (NASDAQ:FTNT) Q2 2022 Results Conference Call August 3, 2022 4:30 PM ET

Company Participants

Peter Salkowski - VP, IR

Ken Xie - Founder, Chairman and CEO

Keith Jensen - CFO

Conference Call Participants

Brian Essex - Goldman Sachs

Fatima Boolani - Citibank

Adam Borg - Stifel

Saket Kalia - Barclays

Adam Tindle - Raymond James

Michael Turits - KeyBanc

Keith Bachman - BMO

Shaul Eyal - Cowen

Hamza Fodderwala - Morgan Stanley

Gray Powell - BTIG

John Weidemoyer - William Blair

Gregg Moskowitz - Mizuho

Andrew Nowinski - Wells Fargo

Roger Boyd - UBS

Operator

Good day, and thank you for standing by. Welcome to the Fortinet Second Quarter Earnings Call. At this time all participants are in a listen-only mode, after the speakers’ presentation, there’ll be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference call is being recorded.

I would now like to hand the conference over to your speaker today, Peter Salkowski. Please go ahead.

Peter Salkowski

Thank you, Hope. Good afternoon, everyone. This is Peter Salkowski, Vice President of Investor Relations at Fortinet. I’m pleased to welcome everyone to our call to discuss Fortinet’s financial results for the second quarter of 2022.

Speakers on today’s call are Ken Xie, Fortinet’s Founder, Chairman and CEO; and Keith Jensen, our Chief Financial Officer. This is a live call that will be available for replay via webcast on our Investor Relations website.

Ken will begin our call today by providing a high-level perspective on our business. Keith will then review our financial operating results for the second quarter before providing guidance for the third quarter, updating the full year. We’ll then open the call for questions. During the Q&A, we ask that you please limit yourself to one question and one follow-up question to allow for others to participate.

Before we begin, I’d like to remind everyone that on today’s call, we will be making forward-looking statements, and these forward-looking statements are subject to risks and uncertainties, which could cause genuine results to differ materially from those projected. Please refer to our SEC filings, in particular, the risk factors in our most recent Form 10-K and Form 10-Q for more information. All forward-looking statements reflect our opinions only as of the date of this presentation, and we undertake no obligation and specifically disclaim any obligation to update forward-looking statements.

Also, all references to financial metrics that we mine in today’s call are non-GAAP, unless stated otherwise. Our GAAP results and GAAP to non-GAAP reconciliations are located in the earnings press release and in the presentation that accompany today’s remarks, both of which are posted on the Investor Relations website.

Ken and Keith’s prepared remarks today for the earnings call will be posted on the quarterly earnings section of our Investor Relations website immediately following today’s call. Lastly, all references are on a year-over-year basis, unless noted otherwise.

I’ll now turn the call over to Ken.

Ken Xie

Thanks Peter. Thank you to everyone for joining today’s call to review our outstanding second quarter 2022 results.

Total billings increased 36%; the fifth consecutive quarter of at least 35% year-over-year billings growth. Revenue grew 29% driven by 34% product revenue growth. SD-WAN and OT bookings grew over 60% and 75%, which together accounted for 25% of total second quarter bookings. Our better-than-expected performance demonstrates the strong demand for our cybersecurity innovation.

Fortinet is at the forefront of networking and security convergence, enabling our customers to reduce complexity, while securing and connecting hybrid and remote users to advanced security with superior performance.

Today we announced the FortiGate 4800F, our latest innovation in converged Network Security. The 4800F is the world’s fastest compact firewall for hyperscale data centers and 5G networks. Powered by Fortinet’s NP7 SPU, the 4800F delivers Security Compute Ratings of on average 5-10 times better performance than competitive solutions, across the six most common and important functions.

A leader in the Gartner Magic Quadrant for WAN Edge Infrastructure, Fortinet continues to take market share for Secure SD-WAN. Our integrated secure SDWAN solution, powered by Fortinet’s SPU SOC4, delivers huge performance, security and efficiencies over traditional offerings.

In addition to convergence, consolidation of vendors and product functionality is another major trend, particularly in Network Security. In a recent CISO survey, Gartner found the percentage of companies surveyed who want fewer security providers increased to 75% from only 29% in 2020. With over 30 products lines built mostly by our in-house strong engineering and development innovation, Fortinet is benefiting from this consolidation with our Security Fabric MESH offering. The Fortinet Security MESH platform delivers unparalleled protection with broad, integrated and automated protection across multiple edges, from endpoint, to data center, and hybrid cloud environments. These two major trends, convergence and consolidation, position Fortinet well for long-term growth.

Before turning the call over to Keith, I’d like to thank our employees, customers, partners and suppliers worldwide for their continued support and hard work, that are contributing to Fortinet’s strong growth.

Keith Jensen

Thank you, Ken, and good afternoon, everyone.

Let’s start the more detailed quarterly discussion. Second quarter results were solid and broad-based across geographies, customer sizes, industries, and use cases, driving market share gains and demonstrating the strong support from our three key growth drivers: first, an elevated threat environment; second, the convergence of security and networking; and third, the consolidation of security products across our platform offerings.

Total revenue of $1.03 billion was up 29%, passing the $1 billion milestone in quarterly revenue for the first time in our history. Total product revenue growth was up 34%. Core Platform and Platform Extension product revenue growth was up 35% and 33%, respectively.

We continued to see robust product revenue growth from a wide range of security use cases, including Secure SD-WAN and Operational Technology, or OT. Total service revenue growth increased sequentially to 25%, resulting in service revenue of $629 million. Support and related service revenue was up 26% to $289 million, while security subscriptions service revenue was up 25%, or 2 points sequentially, to $340 million.

Service billings, defined as total billings minus product revenue, were up 36%. The year-over-year growth rate for short-term deferred revenue has increased for six quarters in a row from just under 21% in Q4 of 2020 to just over 31% in Q2 of 2022, the highest short-term deferred revenue growth rate in over six years.

The accelerating growth rates for service billings and short-term deferred revenue reflect the earlier pricing actions that quickly appeared in product revenue and that are now beginning to appear in service revenue.

The pricing benefit more than offset various service revenue headwinds, including suspending services in Russia, an increase in the average number of days between when a customer purchases and subsequently activates a security service contract, and the impact of contract manufacturers delaying deliveries to later in the quarter, which limits our service revenue on new sales recognized in the quarter.

With growth and pricing benefits more than offsetting these headwinds, we expect service revenue growth will continue to accelerate through 2022 and into next year. As summarized on slide 6, total revenue in the Americas increased 23%, EMEA revenue increased 28%, and APAC posted revenue growth of 42%.

Despite macro conditions that may be more readily impacting other industries, our pipeline growth remains strong. In particular, EMEA’s pipeline growth indicates continued strength in our European business.

Moving to a summary of our success with large enterprises. Large enterprises continue to favor Fortinet’s leading cost for performance advantage and are increasingly more appreciative of our integrated platform. The platform strategy allows customers to converge networking functionality with security capabilities and consolidate multiple point products.

Our success with large enterprise customers includes: global 2000 bookings growth of over 65% year-over-year and on a rolling four quarter basis; large enterprise bookings growth of over 55% year-over-year and on a rolling 4 quarter basis; and the number of deals over $1 million increased over 50% to 122 deals and the total billings value of these transactions doubled.

Secure SD-WAN bookings grew over 60%, reflecting the convergence of networking and security as well as a strong ROI for our customers. OT bookings were up over 75%, reflecting the continued response to the elevated threat environment.

Shifting to billings. Billings of $1.3 billion were up 36%, as Ken pointed, representing the fifth consecutive quarter of billings growth in excess of 30%.

I’ll pause here to offer thoughts on product refresh cycles and their impact on our financial results. Specifically, we do not believe new product releases drive a near term spike in our top-line growth; rather, we believe the continual nature of our product releases drives long-term growth.

For example, each new ASIC is included in a series of products released over several years. Our most recent ASIC chip, the NP7 Security Processing Unit, was introduced in Q1 of 2020. Including the 4800F announced today, we have released 9 high-end Core Platform products with the NP7 chip. Over the next several quarters we will release several additional midrange and high-end products with the NP7. Lastly, I would note that since the start of 2019, we have released over 23 new FortiGate models.

While some of our competitors with much shorter product SKU lists may have shown clear signs of product refresh cycles, our strong long-term performance illustrates an extended series of overlapping product maturity curves.

Core Platform billings were up 32% and accounted for 69% of total billings. As shown on slide 7, mid-range FortiGates posted very strong billings growth with the mix shifting 5 points in their favor driven by demand as well as supply availability.

Platform Extension billings were up 44% and accounted for 31% of total billings, a mix shift of over one 1.5 points. Average contract term was up one month year-over-year at 29 months, driven by the strength from large enterprise customers and the 50% plus increase in the number of deals greater than $1 million.

Worldwide government billings grabbed the largest share of the mix at 15% and were up 45%. The top five verticals accounted for 60% of total billings.

Moving back to the income statement. Total gross margin of 76.5% exceeded the midpoint of the guidance range by approximately 125 basis points, even as component, labor and freight costs increased, and the year-over-year revenue mix shifted 2 points to product revenue from higher margin service revenue.

Product gross margin of 61.9% was up 20 basis points year-over-year and 450 basis points sequentially as pricing actions, product mix, and lower discounting offset higher component and other costs.

Service gross margin of 85.9% was down 100 basis points due to increased costs associated with the expansion of our data center footprint as well as labor cost and other costs; partially offset by benefits from FX and some of the earlier pricing actions. Operating margin of 24.8% exceeded the midpoint of the guidance range by approximately 200 basis points. The year-over-year comparison saw the FX benefit offset by lower gross margins, increased travel and marketing costs and other costs. Headcount increased 27% to 11,508.

Looking to the statement of cash flows summarized on slides 8 and 9. Free cash flow was $284 million and was impacted by increases in DSO and cash taxes. DSO increased 14 days year-over-year and 5 days sequentially to 80 days due to the change in billing linearity driven by the timing of inventory deliveries from contract manufacturers. New R&D capitalization rules increased second quarter cash taxes by $85 million to $110 million. Second half cash taxes of approximately $135 million are expected to be more evenly spread across the third and fourth quarters.

For the first half of the year, our adjusted free cash flow margin, which excludes real estate spending, was 34%. Capital expenditures for the quarter were $39 million, including $21 million for real estate investments.

We repurchased approximately 14.4 million shares of our common stock for a cost of $800 million, bringing the total year-to-date shares repurchased to 25.8 million for a total cost of $1.5 billion. The Board increased the share repurchase authorization by $1 billion. The remaining repurchase authorization is now $1.03 billion. Inventory turns of 3.1 times were up a half turn year-over-year and down a half turn sequentially.

Moving to bookings and backlog. As a reminder, backlog is excluded from the current quarter billings and revenue. Nonetheless, it is expected to provide increased visibility and a top-line tailwind in future quarters. Bookings were up 42% to $1.4 billion.

Total backlog of $350 million is up $72 million sequentially and reflects very strong demand. Of the total backlog, networking equipment accounted for about 50%, while FortiGates accounted for 40%. We believe our backlog is very strong and sticky. Existing customers account for over 95% of total backlog and no single end customer accounts for more than low single digits as a percentage of backlog. There are four deals in backlog, all from previously existing customers, with a remaining balance of over $2 million that together account for 6% of total backlog. Just 4% of ending Q1 backlog was canceled in Q2 and about half of the deals in backlog have been partially fulfilled suggesting that double ordering is not a significant contributor to backlog.

Consistent with the first quarter, we shipped approximately 60% of the prior quarter’s backlog in the current quarter, as our operation and R&D teams did an excellent job navigating the tough supply chain environment. Nonetheless, we still expect supply chain constraints to be challenging throughout the remainder of the year. We are continuing to address the supply chain challenges in a number of ways, including by increasing inventory purchase commitments, redesigning products, qualifying additional suppliers, and certain pricing actions. We believe that even with these actions, demand will continue to outstrip supply. As a result, we expect backlog to continue to increase in 2022; and while the situation is very dynamic, we believe we will have access to sufficient inventory to meet our guidance.

As we balance our pricing actions with the opportunity for continued market share gains, we have passed along most, but not all cost increases. As such, we expect ongoing gross margin volatility from these increases as well as shifts in our product mix related to inventory availability.

Before reviewing our guidance, let’s offer a few Fortinet specific observations in areas you may have heard discussed elsewhere. In Q2, we noted certain larger transactions with increased or elongated negotiating cycles. Also, linearity pushed to later in the quarter, and later in the last month of the quarter, mainly due to supply constraints and the deliveries. Lastly, close rates were strong and, importantly, the aggregate value of deals that pushed out were within our historical norms.

Now, I’d like to review our outlook for the third quarter as summarized on slide 10, which is subject to the disclaimers regarding forward-looking information that Peter provided at the beginning of the call.

For the third quarter, we anticipate our solid third quarter pipeline growth across deal types, sizes and geographies to support the following: Bookings in the range of $1,455 million to $1,485 million, which at the midpoint represents bookings growth of 36%; billings in the range of $1,385 million to $1,415 million, which represents growth of 32%; revenue in the range of $1,105 million to $1,135 million, which represents growth of 29%; non-GAAP gross margin of 75% to 76%; non-GAAP operating margin of 25% to 26%; non-GAAP earnings per share of $0.26 to $0.28, which assumes a share count of between 810 million and 820 million; we estimate third quarter capital expenditures to be between $105 million and $115 million; we expect a non-GAAP tax rate of 17%.

For the full year, we anticipate backlog that could approach or possibly exceed $500 million that will be offset by robust industry growth, pipeline strength, and market share gains fueling our growth and support the following: Billings in the range of $5,560 million to $5,640 million, which at the midpoint represents growth of 34%; revenue in the range of $4,350 million to $4,400 million, which represents growth of 31%; total service revenue in the range of $2,620 million to $2,670 million, which represents growth of 27% and implies full-year product revenue growth of 38%; we expect non-GAAP gross margin of 75% to 76%; non-GAAP operating margin of 25% to 26%; non-GAAP earnings per share of $1.01 to $1.06, which assumes a share count of between 810 million and 820 million; we estimate full year capital expenditures to be between $300 million and $330 million; we expect our non-GAAP tax rate to be 17%; we expect cash taxes for the year to be $265 million, as I mentioned earlier, cash taxes paid are higher in 2022 due to the new R&D capitalization rules in the U.S.

Along with Ken, I would like to thank our partners, customers, suppliers, and all members of the Fortinet team for all of their hard work, execution and success.

I’ll now hand the call back over to Peter to begin the Q&A session.

Peter Salkowski

Thank you, Keith. As a reminder, during the Q&A session, we ask that you please limit yourself to one question and one follow-up question to allow others to participate. With that, Hope, please open the call for questions.

Question-and-Answer Session

Operator

Thank you. [Operator Instructions] Our first question comes from the line of Brian Essex with GS.

Brian Essex

Great. Thank you. Good afternoon and thank you for taking the questions. Congrats to team on a nice set of results for the quarter. I was wondering if maybe -- and Keith, I certainly appreciate the commentary and the granularity with the full year revenue guide. Can we maybe unpack some of the commentary on the services side and the lower, I guess, services revenue guide for the year? Maybe help us understand what’s going on there. And maybe pair that with your comments on delays in activations and how much insight you might have there that gets folks comfortable that there isn’t pull-forward? Thank you.

Keith Jensen

Yes. I don’t think -- Brian, I don’t think pull forward really applies to the service revenue line, but maybe -- it’s actually a couple of questions at once. I think the answer to your question about service revenue, I think the biggest change from where we started the year is really about Russia. If you think about Russia, we talked at the very beginning, it’s about 1.5% of our total revenue. And it applies to the service revenue line as well. Earlier in the year, we stopped recognizing revenue on existing contracts for services that provide in Russia in conjunction with our suspending of services. At that time, we did not anticipate it would be a full year event, but we are now. And if you kind of think through that 1.5% of service revenues in Russia, so we really backed out now for the full year about $25 million of revenue related to Russia. That’s the largest change there.

I think the delay in registrations from when contracts are sold, when they’re actually registered by customers, I think we pretty much got out of the quarter what we expected on that. That seems to be something in the current environment with inventory constraints that we’re going to continue to see. I think the linearity part of it is a little bit new in that because the shipments occurred later in the quarter, there really wasn’t the opportunity to get the service revenue from those Q2 shipments that we would normally get. And so, I think those are really the parts to put together there.

On the other side, I would probably point to, again, the short-term deferred revenue billings and the number that we’re putting up here and the growth that you’re seeing with that number as well as service billings itself.

And I think the last comment on this, and we haven’t talked about it before, is that the service contracts are really a use it or lose it contract, meaning it’s not that they have the ability to cancel, they just have the ability to postpone the registration for a period of time, whether -- depending upon the geography, whether that’s 90 days or one year or what have you. So, eventually, it comes to revenue, but the timing has been pushed out to that aspect.

Operator

Our next question comes from Fatima Boolani with Citibank.

Fatima Boolani

Hey. Keith, this one’s for you. Just with respect to some of the backlog detail and commentary that you shared, I want to hone in on the cancellation rates that you quantified for us. I believe you said it was about 4%. Can you give us a sense of what are some of the reasons behind the cancellation? And what gives you confidence that that 4% isn’t going to stretch or escalate into maybe mid to high single digits? Thank you.

Keith Jensen

Yes. I think I would point to some of the factors that we’ve talked about before. I think that last quarter, we talked about the cancellation rate being 5%, I think we’re seeing it now 4%. I think it’s unlikely that existing customers, particularly those that have received partial shipments are going to cancel. Also, I don’t want to -- that it’s naïve that as backlog gets older, and it’s also why we provide that 60% of shipments from prior backlog number for The Street to try and understand it. But if that number starts to tick up, obviously, there’s more risk in it. I think it’s important to understand the guidance that we provide really isn’t reflecting in any sort of shift in the backlog that we’re going to ship a lot of things from backlog. So, I think we’re fairly prudent in that regard, and I think we’re also comfortable with described as the stickiness of the backlog number.

Operator

Our next question comes from Adam Borg with Stifel.

Adam Borg

Maybe just on the macro. You talked a little bit about the demand environment and highlighted some delayed deals and elongated linearity. Can you maybe go a little bit deeper here and talk about what these customer conversations look like? Are these tied to any particular verticals or geographies? You talked a little bit about large enterprise or larger deals. I’d love to hear about the midsize to smaller deals, too. Thanks.

Ken Xie

It’s Ken. So, we do see a lot of customers, especially enterprise, they’re starting to design some new infrastructure to support and work from anywhere and also expand security beyond the traditional network security and to whether like internal segmentation to prevent nowadays ransomware attack or go to work from home and at the same time, have multiple security products, need to be automated together. So we call the consolidation, both on the product side, on the vendor side.

I see this kind of trend will be last for the next few years, will be pretty long-term change. And at the same time, Keith also mentioned elevated security environment also other drive. So, that’s where we see the trend we’re keeping going for the next few years. If you look at the billing number compared to two years ago, I mentioned in my script is -- we have over 35% of billing increase in the last five quarters compared to two years ago, Q1 2020 is only about 14%. So, we do see the change in acceleration and also the convergence consolidation going on in the whole space right now will be pretty much the amount of growth.

Operator

Our next question comes from Saket Kalia with Barclays.

Saket Kalia

Keith, maybe for you. I’d like to talk a little bit about bookings. Can you just talk about how bookings did versus your expectation this quarter? I think the guide coming into Q2 was for about 40% growth. We came in at 42%, clearly better, but a bigger delta on the billings versus the guide. And so, can you just talk about how to read into that, if there’s anything to consider there with just those two kind of in relation to each other?

Keith Jensen

Yes. I don’t -- I think, obviously, 42% bookings. I think we’ve been over 40% now for 3 quarters, maybe 4 quarters in the bookings line, we feel really, really good about it. I think the one thing that we’re looking at internally, it’s just that the interplay between bookings, backlog and billings and trying to really get a sense of the direction of the business. And the example I kind of gave is we had a very good quarter on the midrange of the product. But some of that was due to availability. Demand was very strong, but it was also because we had the midrange product available. We didn’t have as much product available in the low end. Now, as we shifted to this third quarter, I think we’re probably going to see the low end availability improved fairly dramatically. And so, when you’re looking at billings information that we have historically disclosed and trying to gauge the direction of the business, it gets a little bit distorted now just in terms of what’s available. And I think of the total when you look at bookings and backlog, there’s some of that as well in terms of the characterization of what the booking is versus the characterization of what’s available to ship and what comes in the billings line.

Ken Xie

Also compared to one year ago, maybe a tough comparison because we’re started to see the acceleration about five quarters ago.

Operator

Our next question comes from Adam Tindle with Raymond James.

Adam Tindle

Keith, you talked in the prepared remarks about still expecting supply challenges for the rest of the year and to offset you’re thinking increased purchase commitments, qualifying additional suppliers and pricing actions. I wanted to zoom in on that last point on pricing actions to see if you would maybe put a finer point on timing and magnitude for expected pricing actions? And secondly, you sounded positive on elasticity and confident on the elasticity moving forward. But just curious what underpins that confidence, especially in international markets with dollar strengthening in local currencies and fixed budgets, et cetera? Thank you.

Keith Jensen

Yes. Great question. And I’ll take the last one first because I think it’s probably very important, and I probably forgot the first one already. So one of the things that we do is we track very religiously in our CRM tool when a customer -- if we lose a deal, we want to know why, right? Is it because we could not overcome the incumbency, is it because the channel partner may have had a bias, if you will, to one of our competitors, a feature issue, a functionality issue or something like that, but also very specifically, do we lose on price. And we’ve been tracking that now for over a year. And that percentage, which is low -- lower than the other ones that I just gave in to you, has been extremely consistent. And so with that very consistent loss percentage, if you will, I translate that into price elasticity, which tells me that the question is always how far can you push the envelope. We know we come into the conversation with a significant price and performance advantage, The Street sometimes -- or channels just may say 30% or 40%. We have known that from the beginning of this phase of the economic cycle. And the question has become how far can we push that.

But again, keep in mind, our goal is really to try over a longer period of time just match the cost increases and maintain a consistent margin. It’s not that we’re really trying to take down more margin. Now you will get volatility quarter-to-quarter because of the mix and things like that. So, a long-winded way to say, I think I really hang my head on what I’m seeing and we’re tracking on the CRM data about reasons that we lose deals and reasons that we win deals.

Ken Xie

Yes. And also a few other comments about pricing. Our policy tends to be just by the price by small step, but also kind of more open, like we do have a new price book basically released every quarter. Also, the other thing is really like the product we released today, on average for the same function, for the same price range, our product has a performance factor 10 times better than competitors. Like Keith mentioned, on the CRM on the tracking, we don’t see any big loss on kind of changing or even -- if you do not -- actually improved because we still have a huge price advantage compared to competitors.

The other thing also may be mentioned to the service. I think one we may try to Excellerate a little bit going forward is really even in the last few quarters, we increased some of the price more on the new product release, but we are not changing the price for the expired product. Basically, the product is still added to the service like 5, 6 -- right? So, that’s one thing we made because the labor cost on the service and supporting, so we may have to increase the price of the outdated product no longer shipping because all the service or the renew still tied to the old product, which is no longer shipping but is the customer still buying the renewal, buying the service based on the old product. So, that’s probably -- we can also help in the improving the service and also helping the margin and compensate our additional costs, especially on the labor.

Operator

Our next question comes from Michael Turits with KeyBanc.

Michael Turits

So, Keith, two questions. First, maybe it seems obvious in some ways, but do you feel like -- and this is the first time that you’ve talked about this linearity issue as well as the extension of the negotiation cycle. So, do you simply tie it to macro being worse right now, or do you have any other insights to it? And then, I just wanted to make sure that in your mind, second question, you really think that it’s really primarily services as a result of those things, this shortfall in the year and you’re happy with product?

Keith Jensen

Yes. So, I think the -- well, putting aside the -- Mike, you broke the rule and you asked two questions and Peter said only one and a follow-up.

Michael Turits

Sorry about that...

Keith Jensen

I think what we’re seeing in linearity, unlike a “normal world” where you can kind of look at linearity and DSO and you can get a sense for whether or not a company is pushing to close deals at the end of the quarter and maybe it’s a more challenging quarter. Because of the timing of when the finish -- when the inventory is delivered from the contract manufacturers, we see a shift in that linearity of when we receive inventory from our contract manufacturers. That shift then it translates into when we can turn around QA, et cetera, and ship it out to our customers and sell it. So, there’s a different aspect of linear that’s come into play here now. So, service contracts that maybe would have been sold in the first month of the quarter, actually got sold in the third month of the quarter. So, we lose service revenue from that. And you see that appearing in the DSO and you see it appearing in the free cash flow.

On the negotiating side of it, I think what we saw, and I don’t know if this is common to others -- what we saw was probably the first two weeks of June and maybe there was more conversation around recession and concerns there, if you will, a bit of a pause in terms of deal closure rates for those first 10 days of June and then a reacceleration as we got through the end of June. We did notice or I did notice during that time frame maybe additional parties were being introduced to either as an approver or a negotiator, if you will, on some of the larger deals just to make sure on the customer side that they were making the right decision. And I think that’s why I went on to say in the prepared remarks, not only did we notice this shift, but the close rates, which were important actually were up just a tad in the quarter. So, I think there was just for whatever reason, there was a slight pause there for a couple of weeks in June and everybody came back and got the deals done by -- on the customer side and our side at that last week in June.

Ken Xie

The other reason for a little bit longer closing time really the bigger deal grow faster. So, like I mentioned, the deal over $1 million grew over 50% year-over-year. So, that’s the bigger deals also tend to be -- take a little bit longer time to close. And also, we see more like a deal involving multiple products, not just the FortiGate, but also we call the non-FortiGate, call the platform retention, which also take a little bit long time to test -- evaluate to close.

On the supply chain, since really compared to before the pandemic, we probably ship majority -- most of the products by sea. Now we’re pretty much shipping every product by air. That’s where the timing of the supply shipping the product to us is pretty critical automatically. And so last quarter, we did experience a lot of product being shipped in end of the quarter from suppliers to us, that drives the linearity. Even we have the booking -- but we are the way -- like a few weeks or even a couple of months before the product was shipped to the customer more towards the quarter end because the supply shipping goes pretty much in the end of the quarter. So, we do see long term, this will be changing, improving. We’ll keep increasing some of the product inventory and improving the product turn and also balance among not just shipping everything by air, but some by air, some by ocean.

Operator

Our next question is from Keith Bachman with BMO.

Keith Bachman

Good segue from Michael’s question. Keith, I want to try to understand, you talked about a few different things impacting the year guide. To put context around it, your revenue guide for ‘22 isn’t changing, which I think is viewed as a disappointment to investors. Now underneath that, services revenues is getting compressed a little bit. And so, as you think about why the revenue estimates are going higher for the year, is there a change in, a, the demand level, whether it’s the elongation because you said, in fact, there was two weeks, sort of weak at the end of June, but it sounds like during the last -- through the 3rd of August, things have normalized, or is it b, supply chain issues that are causing you to not raise your revenue guidance even as you’re raising billings modestly? I’m just trying to understand what are the forces that are impacting the lack of raise, if you will? Is it the demand side and/or is it the supply side?

Keith Jensen

Yes. I don’t really think it’s necessarily either demand or supply. I would start the conversation off by saying I think the pipeline growth is extremely strong. We feel very, very good about that. I do think there’s a fair amount of uncertainty as we look out beyond the third quarter to the fourth quarter in terms of directions the economies may go, what inflation may do and a little bit of supply chain. I don’t think -- we did, as you point out, cover the shortfall, if you will, in the service revenue -- economies may go, what inflation may do and a little bit of supply chain. I don’t think -- we did, as you point out, cover the shortfall, if you will, in the service revenue, in the product revenue. So I think that’s a fairly good size of us being bullish and feeling very, very good about our competitive advantage.

And I think that the other aspect we talked about is just the large deals and how we’re seeing the success in the enterprise and getting a little more dependent on large deals than we have in prior years and some of the close rates around those. I think that while we’re bullish, we think we have competitive advantages. I don’t know as we get to the fourth quarter, if this is really a good time to think about that in a very, very aggressive fashion.

Keith Bachman

Okay. So, as I just clarify, so it sounds like you want to be a little bit conservative or you don’t want to get ahead of yourself on particularly the Q4 guide, so lead numbers where they are on revenues, in particular?

Keith Jensen

Yes, I think that’s a fair description.

Operator

Our next question comes from Shaul Eyal with Cowen.

Shaul Eyal

Maybe segueing from the prior question from revenue maybe to OpEx. So, your hiring plans appear to remain largely on track. What’s the current thinking on second half? Is it becoming a little easier in recent months, given some layoffs at some private competitors?

Ken Xie

We want to maintain healthy margins and then also keeping growth and gaining market, agreed hiring is relatively a little bit easier compared to like a few quarters ago, especially in the cybersecurity space. So for us, we feel we have a good pace on hiring, especially we still -- we’re keeping gaining market share. And the margin -- and it’s a healthy margin, basically, both on the gross margin and also on the operating margin side. So, we feel we have pretty solid plan and balance among the growth and margin.

Keith Jensen

Yes. I think Ken’s spot on with that. I would probably offer a couple of things to support. One is you continue to hear us talk about our inventory commitments looking out now 6 quarters or more. I think the read through that is that we still feel fairly bullish about it. And the other aspect of it. And the other aspect of it and Ken made reference to it is we talk about 25% operating margins in different ways over the years as being an average or target, what have you. And obviously, to -- in this environment to -- with high inflation, to come in successfully and still be providing guidance for the full year of 25% to 26%, while growing the top line aggressively while taking market share, I think we feel very good about how the sales team, the engineering team, the operation teams and support teams, et cetera, are all working together and driving the growth of the Company and the execution.

Operator

The next question comes from Hamza Fodderwala with Morgan Stanley.

Hamza Fodderwala

Maybe a question for both, Ken and Keith. Ken, just given the general pressure on budgets in the macro environment, are you seeing a little bit more impetus to -- from customers to want to consolidate to a converged security networking platform like Fortinet? And then for Keith, if you’re seeing any weakness, let’s say, elongating, negotiating cycles and whatnot? Is it more weighted towards the core platform FortiGate side or the platform extension side, which is in access points?

Ken Xie

It’s a very good question. Definitely, we see the convergence among the network and security. Also the pandemic accelerated this kind of change, especially inside the company, campus network and also work from remote anywhere. So that’s where we see that pretty strong growth. And also a lot of connected devices like in the OT space, also, we see very strong growth. Like we mentioned, SD-WAN grew 60% and the OT growth 75%, and we’re still keeping growth and gaining market share there.

And at the same time, have to secure the whole infrastructure not only expanding our network security to the networking side, but also like beyond the network security, with the end point, with the cloud with all the other like application level from email, web, working together. So we do see all these -- we keep saying the convergence and consolidation will benefit Fortinet multiple years going forward, it’s more long-term growth driver for us. And we prepared this in the last like 22 years since start company with investment like from ASIC technology for the R&D with most of the product internally developed to integrate, automate together. And so, we do see the time is starting coming and for all this investment starting to see some good return. And also, we feel we have a very healthy business model since IPO now is about 13 years now, want to maintain the balanced growth and also healthy margin. And that is what makes the company to last longer. And at the same time, we’re also kind of keeping invest in the long term to follow the change and also keep up the innovation and quickly customer benefit from our innovation and also the long-term investment.

Keith Jensen

Yes. And Hamza, I think your speculation about where the larger or the timing comes in is accurate and that it’s going to be in that 1/3 of our business that is large enterprise. One, the dollars are larger, obviously. And so, they’re going to -- customers spend a little more time with the ROI. But I think more importantly, and to your kind of second point, your question on, by adding in more of the platform products into a deal, you’re perhaps a little more likely to run into additional competitors or people internally that are champions of those competitors. And so, there’s a little more than it takes to get across the finish line because they are more complex in that way.

I’ll fill the void here. As a reminder, we did 122 deals over $1 million in the quarter, which -- that’s a pretty fantastic number for us.

Operator

Our next question is from Gray Powell with BTIG.

Gray Powell

So, Keith, I know you hit on this once or twice already, but I just want to make sure I understand a dynamic on the services billings. So, if I back out product revenue from short-term billings, it looks like the annual recurring component of billings actually accelerated pretty nicely. I’m calculating like 29% in Q1, improving to 40% in Q2. I don’t need you to bless the numbers, but directionally, does that seem right to you? And then, if so, how much of that was driven by pricing dynamics that you talked about versus just the natural cadence of the business?

Keith Jensen

I do think your math is directionally correct, but it’s lot more time to get anything more about how actually it may or may not be because kind of looking at a different way. And I would say, again, if you think about the timing of where -- when a price increase is effective, right? It’s got to go through the process of being preannounced to the channel partners, they get, I think, 60 days of advanced notice and then whether it’s actually start to have an impact on it. But keeping that in mind, you do see the impact on pricing actions fairly quickly on product revenue and on billings, whether it’s a product or whether it is a service item, right? You will see it there. But on service revenue, you won’t see that benefit for an extended period of time.

And I think one thing that may help people, if you think back of our shift from 8 by 5 support to 24 by 7 support. We talked about that for several years because when we turned off the 8 by 5 support, with that came a price lift. And the question that we were addressing, seen for 8, 12 quarters probably in a row, was how was that mix shifting and how was that coming into it. And we were providing information back then about all the buildings, so to speak, are in the 24 by 7, but you’re not seeing the revenue mix that way because it’s kind of -- that mix has to evolve over time as you go through the installed base. Price increases for service revenue, this is just another flavor of the same thing that way. You’re going to see the benefit over a much longer period of time on the service revenue line. You will see the benefit in billings much sooner, and that’s why we gave that information earlier, and you kind of -- Gray, you’re looking at it, that’s a very good leading indicator of where service revenue growth is going to go in the future.

Gray Powell

Okay. That’s really helpful. And then just a real quick follow-up. You mentioned $25 million headwinds on service revenue from Russia, which is a new headwind. Does that apply to billings as well, or was that purely a revenue dynamic?

Keith Jensen

That was a revenue dynamic, and I would probably say 40% of that probably, 30% to 50% of that would have been a billings dynamic, in terms of where we were from the beginning of the year where we’ll end up now.

Operator

Our next question is from John Weidemoyer with William Blair.

John Weidemoyer

On your platform extension, cloud security capabilities. I’m curious of the type of customer profile that’s interested there. I suspect they’re probably an existing Fortinet customer that’s transitioning to the cloud. And I’m curious if there are also maybe a fabric mesh. And so there might be an all-in customer -- an all-in Fortinet type customer. Can you talk about the characteristics of the people that are going down?

Ken Xie

We do see the cloud security growing well, pretty much on a similar pace as other networking appliance growth. And also, we do see a lot of cloud security come from the service providers, especially carrier service provider, someone also combined with an offer SDWAN and some also with OT, all this together. So that’s what we keep saying, for better security, the new secured whole infrastructure, not just the cloud, but also appliances and some other product infrastructure. So, we do see more and more customers want to consider overall together. So basically, cost security also drive a lot of other part of cybersecurity, other part of infrastructure for cyber security. And also, we do believe long term, the service provider, both in the telecom space, also in the securities integrate and also like even a cloud provider, will play a very, very important role on this security, especially in the service part. And that’s where we also want to keep supporting them. So, that’s where we see that is kind of a still more hybrid environment going forward and especially with more and more device connected with a lot of other, we see kind of the whole infrastructure security more and more important connect, consider all parts of security together is quite important.

Operator

Our next question is from Gregg Moskowitz with Mizuho.

Gregg Mizuho

I’d like to ask about your backlog, which has significantly and consistently increased for each of the last three quarters. It’s dramatically above year ago levels. So, Keith, you made it clear that the backlog should further rise by year-end, which is great. But at the same time, it’s not going to grow forever. And it’s common to see dips in the company’s backlog due to seasonality, significant order shipments, cancellations, et cetera. And so, it would just be helpful to get your sense of perhaps when we begin to see ebbs and flows in the backlog metric. If you could offer anything there, that would be helpful.

Keith Jensen

When supply chain is going to get better Ken. So, I’ll let you handle that one.

Ken Xie

If you compare to end of Q1, we increased backlog $120-some million. And then end of Q2, we increased about $72 million. It’s a little bit better increase, less than end of Q1 and also less than end of Q4. So, there is some kind of improvement on increased backlog. But also, we put a lot of effort to sourcing different parts or different vendor designed products. So, you see the product line we got quite broad right now. And also can help leverage some kind of -- I mean, some alternative of kind of a more broad supply chain for us. So, that’s why I do believe because the demand is still very, very strong, and so we do see probably keeping -- get a little bit better and better. But like Keith said, we probably not expect backlog will reduce in Q3, Q4. But the increase probably will be less each quarter, I’ll put it this way.

And then maybe next year, we’ll see -- starting to see some kind of improvement within the backlog. But overall, with our engineering effort, with the kind of the investment we’ve made in the operation in the manufacture, we do see since that get improved a little bit better now.

Keith Jensen

I think it was a logical place to have questions and Ken’s comments are great. I would just add to that, keep in mind, the -- this is why we provide some of the metrics there. We’re not -- there’s not airplane orders, right? These are relatively small dollar items compared to what you may see in other industries. And that’s why we gave some of the metrics on the size, if you will, and the fact also that their existing customers and many of those have been partially fulfilled. And we all have the same concern and the question is, how do you get comfortable that that backlog is sticky and it’s going to be here when the product and the supply chain loses up. And that’s why we’re giving those metrics for people to get some sort of context. But keep in mind these are comparatively to other industries, construction industry, airline, what have you, these are very small dollar amounts.

Ken Xie

Also, the age of our backlog probably much better than our competitors. Like Keith mentioned in the last 2, 3 quarters, every quarter, even if we increase the backlog and we fulfill probably like 60%, even over 60% of previous quarter backlog. So, that’s making our age in the backlog also pretty short, few months compared to most other competitors sometimes may take 1 to 2 years to deliver. So, that gives us a pretty good position and also the customer trust continue working with us during this supply chain issue. And at the same time, we offer quite a broad product. There’s always some kind of alternative product because suggest out customer to use if 1 or 2 provide some shortage. I think we deliver over 90% of any booking in every quarter, I believe.

Gregg Mizuho

Yes, the bookings...

Ken Xie

Between 90% to 95% of the booking, we deliver the product.

Operator

Our next question comes from Andrew Nowinski with Wells Fargo.

Andrew Nowinski

Congrats on another great quarter. I had a question on free cash flow. So I think you said you expect the low-end supply appliances to dramatically Excellerate in Q3. So is there a margin or free cash flow impact that mix shift in Q3? And then related to that, given the shortfall on services that we saw in Q2 and the negative impact it had on your free cash flow, should we expect free cash flow to rebound in Q3 and Q4, or are you assuming the linearity remains unchanged in those quarters? Thanks.

Keith Jensen

Yes. I’m assuming the linearity is -- I don’t really have any reason to think that’s going to be any different. I’m looking for a reason to find, but I certainly have not found one yet. So, when we look at what our expectations are internally, we don’t guide to free cash flow, we’re trying to give information is helpful to others. I would assume that -- I have no reason to assume anything other than we’ll still see more of the same, if you will. And then, I think the first part of your question was -- you asked about low end and about margin. And maybe I can offer a little bit of commentary there. When you look at our FortiGate firewall product families, the entry level, the low end, you call it, mid-range and high end. In general, the margins increase -- the gross margin increases as you move up from the entry level to the higher end of it.

So from that aspect of it, and that’s why the comment in the script that there can be gross margin volatility both from the pricing actions that we’ve taken and the discounting as well, but also the mix of our product. So, in a quarter that we see a higher mix of higher-end firewall shipments, margins will be higher by definition. But there’s many puts and takes in there that we -- when we go through the gross margin guidance that we give, hopefully, we’re considering all the different puts and takes that are in there, not just the mix of the inventory and the pricing actions.

Operator

Our last question comes from Roger Boyd with UBS.

Roger Boyd

Keith, I was curious just to go back to the backlog for a second. You had mentioned the split being about 50-50 between FortiGate and networking portfolio. Just wondering if you could talk about how you expect that mix to trend through the end of the year? And I guess, the follow-up to that is what you’re seeing around the supply constraints between those two product portfolios? Thanks.

Keith Jensen

Yes, I might double check the numbers. I think it was 50%, 50-40 between FortiGate and networking equipment. I have it backwards. Networking equipment is 50% and firewalls 40% and then cash and dollars the remainder of it. I think everything that we’ve seen to read in here can probably know more, the pressure certainly seems to be for the term, more intense on switches and access points than they do on firewalls. And for a lot of the reasons I think we’re more successful with firewalls.

Ken Xie

Yes, I agree. Probably on the direction wise, we do see the FortiGate inventory will keep improving. So probably the percentage, maybe a little bit more on the backlog, probably a little bit more towards the switching and AP side, which is probably the whole industry is suffering some play issue, because we are more able to redesign and also use our own ASIC, which is also helping kind of reduce the backlog and supply on time for the customer. But it’s -- from the beginning of this backlog issue almost one year ago, definitely, we see the shifting a little bit more towards the networking side that have longer backlog.

Operator

I would now like to turn it back to Peter Salkowski.

Peter Salkowski

Thank you, Hope. I’d like to thank everyone for joining the call today. Fortinet will be attending investor conferences hosted by KeyBanc, Citibank, Evercore, Stifel and Goldman Sachs during the third quarter. Fireside chats will be available through our IR website. Please let me know if you have any follow-up questions, feel free to contact me and have a great rest of your day. Thank you very much.

Operator

Thank you for your participation in today’s conference. This does conclude the program. You may now disconnect.

Wed, 03 Aug 2022 13:00:00 -0500 en text/html https://seekingalpha.com/article/4529425-fortinet-inc-ftnt-ceo-ken-xie-on-q2-2022-results-earnings-call-transcript
Killexams : Fortinet targets hyperscalers, MNOs with new next-gen firewall

Fortinet on Wednesday introduced a compact Next-Generation Firewall (NGFW) targeted at hyperscale data centers and 5G networks. The FortiGate 4800F occupies four rack units while providing up to 2.4 terabits per second (2 Tbps) throughput. It includes 400 gigabit per second Ethernet (GbE), 200 GbE and 50 GbE ports for scalability depending on need, the company said.

“The combination of performance and scalability packed into our latest firewall will help future-proof organizations’ investments in hyperscale data centers, especially with the rise of 5G and as the volume and velocity of data continues to accelerate at an unprecedented pace,” said John Maddison, executive vice president of products and chief marketing officer at Fortinet.

Next-Generation Firewalls (NGFWs) build on traditional firewall capabilities like packet filtering, network address translation (NAT) and virtual private network (VPN) capabilities with deep packet inspection, intrusion prevention and other techniques to maintain more performant and secure connections. 

Specific to 5G, Fortinet said the 4800F enables massive machine-to-machine (M2M) connection that requires secure IP connectivity to untrusted environments like the Internet, edge sites, and cloud services. It can support 25 million connections per second. The 4800F also secures 5G RAN traffic and core connectivity with IPsec-based VPN performance that Fortinet clocks at 19x faster than previous models.

The secret behind the 4800F’s horsepower is the presence of 16 NP7 processors, according to the company. The NP7 is a purpose-designed Network Processing Unit (NPU) developed by Fortinet that accelerates network functions that would otherwise slow CPUs, like IPv4, IPv6, unicast and multicast, IPsec decryption, VXLAN termination and network address translation.

“With the increased scale of 5G radio and the sharing of RAN between operators to reduce costs, the FortiGate 4800F provides a cost-effective security gateway to handle 5G’s RAN scalability and security requirements for both user and control planes,” said the company.

When it comes to hyperscale and large enterprise data center installations, Fortinet claims to be the only vendor delivering 400GbE interfaces on a hyperscale firewall. The company said the 4800F has been designed to deliver significantly faster Secure Socket Layer (SSL) inspection compared to industry averages, and offers Transport Layer Security (TLS) 1.3 protocol support. It supports Virtual Extensible LAN (VXLAN) segmentation, to create massively scalable virtual overlay networks.

The device is managed using FortiGuard, Fortinet’s AI-driven security framework. FortiGuard provides real-time threat detection and security enforcement using context-driven policy management designed to support hybrid deployments in the cloud, on the enterprise network, and at endpoints. The company noted that the firewall also implements universal Zero Trust Network Architecture (ZTNA) support.

“Setting up universal ZTNA with an on-prem or virtual FortiGate ensures that consistent policies and controls span across all operating environments, including across multiple clouds,” said Fortinet.

Thu, 04 Aug 2022 04:07:00 -0500 en-US text/html https://www.rcrwireless.com/20220804/telco-cloud/fortinet-targets-hyperscalers-mnos-with-new-next-gen-firewall
Killexams : Defense Cyber Security Market to Witness Major Growth by 2030 | Symantec, Verizon, Fortinet

Latest research report added by HTF MI Titled on Worldwide Defense Cyber Security covering micro level of analysis by competitors and key business segments (2022-2030). The Worldwide Defense Cyber Security explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources. Some of the MajorKey players profiled in the study are Intel Security, Cisco Systems, Dell, Kaspersky, IBM, Check Point Software, Symantec, Verizon, Fortinet & FireEye

Get Free demo Pages PDF @ https://www.htfmarketreport.com/sample-report/3550091-worldwide-defense-cyber-security-market

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you complete perspective. It’s crucial you stay up with the latest sectioned by Applications [Threat Intelligence & Response Management, Identity & Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security & Other], Product Types [Network & Cloud] and some significant parts in the business
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For more data or any query mail at [email protected]

Which market aspects are illuminated in the report?

Executive Summary: It covers a summary of the most vital studies, the Worldwide Defense Cyber Security market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis:Covers major companies, vital market segments, the scope of the products offered in the Worldwide Defense Cyber Security market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Worldwide Defense Cyber Security report offers data on imports and exports, sales, production and key companies in all studied regional markets

Highlighted of Worldwide Defense Cyber Security Market Segments and Sub-Segment:

Worldwide Defense Cyber Security Market by Key Players: Intel Security, Cisco Systems, Dell, Kaspersky, IBM, Check Point Software, Symantec, Verizon, Fortinet & FireEye

Worldwide Defense Cyber Security Market by Types: Network & Cloud

Worldwide Defense Cyber Security Market by End-User/Application: Threat Intelligence & Response Management, Identity & Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security & Other

Worldwide Defense Cyber Security Market by Geographical Analysis: In North America, In Latin America, Europe, The Asia-pacific, Middle East and Africa (MEA), What are the main countries covered?, The United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, Korea, Southeast Asia, India, Australia, Brazil, Mexico, Argentina, Chile, Colombia, Egypt, Saudi Arabia, United Arab Emirates, Nigeria & South Africa

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The study is a source of reliable data on: Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this Worldwide Defense Cyber Security market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

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Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Sun, 03 Jul 2022 19:49:00 -0500 Newsmantraa en-US text/html https://www.digitaljournal.com/pr/defense-cyber-security-market-to-witness-major-growth-by-2030-symantec-verizon-fortinet
Killexams : Enterprise Firewall Market Size 2022 by Growth Rate, Types, Applications, Manufactures, Development Status, Historical Analysis and Forecast to 2028

The MarketWatch News Department was not involved in the creation of this content.

Jul 21, 2022 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry."

Global "Enterprise Firewall Market" 2022 report examines the market development drivers and difficulties that are overcome by manufactures according to new trends, market size, share, growth. The Enterprise Firewall Market contains segmentation data of other regions in regional level and county level. Furthermore, the report also provides the detailed information about the segmentations, geographical regions, product introduction, restraints, value, volume, market facts and figures and recent development. The report gives a detailed assessment of the market by featuring data on various viewpoints which incorporate drivers, restrictions, potential open doors, and dangers. This data can assist partners with pursuing fitting choices prior to effective financial planning.

Get a demo PDF of the Report - https://www.absolutereports.com/enquiry/request-sample/20888726

Market Analysis and Insights: Global Enterprise Firewall Market

This report focuses on global and United States Enterprise Firewall market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Enterprise Firewall market size is estimated to be worth USD 7793.8 million in 2022 and is forecast to a readjusted size of USD 10620 million by 2028 with a CAGR of 5.3% during the review period. Fully considering the economic change by this health crisis, by Type, Web Application Firewall accounting of the Enterprise Firewall global market in 2021, is projected to value USD million by 2028, growing at a revised CAGR in the post-COVID-19 period. While by Application, Government was the leading segment, accounting for over percent market share in 2021, and altered to CAGR throughout this forecast period.
In United States the Enterprise Firewall market size is expected to grow from USD million in 2021 to USD million by 2028, at a CAGR during the forecast period.

The major players covered in the Enterprise Firewall market report are:

● Check Point ● Cisco ● Palo Alto Networks ● Fortinet ● Dell SonicWALL ● HP ● WatchGuard ● Barracuda Networks ● Hillstone Networks ● Huawei ● Juniper Networks

Get a demo Copy of the Enterprise Firewall Market Report 2022

Global Enterprise Firewall Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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Global Enterprise Firewall Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. By Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

● Web Application Firewall ● Next Generation Firewalls ● Virtualized Firewalls

Segment by Application

● Government ● Education ● Media ● Communications ● Other

Enterprise Firewall Market Key Points:

● Characterize, portray and Forecast Enterprise Firewall item market by product type, application, manufactures and geographical regions. ● give venture outside climate investigation. ● give systems to organization to manage the effect of COVID-19. ● give market dynamic examination, including market driving variables, market improvement requirements. ● give market passage system examination to new players or players who are prepared to enter the market, including market section definition, client investigation, conveyance model, item informing and situating, and cost procedure investigation. ● Stay aware of worldwide market drifts and give examination of the effect of the COVID-19 scourge on significant locales of the world. ● Break down the market chances of partners and furnish market pioneers with subtleties of the cutthroat scene.

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Geographical Segmentation:

Geographically, this report is segmented into several key regions, with sales, revenue, market share, and Enterprise Firewall market growth rate in these regions, from 2015 to 2028, covering

● North America (United States, Canada and Mexico) ● Europe (Germany, UK, France, Italy, Russia and Turkey etc.) ● Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam) ● South America (Brazil etc.) ● Middle East and Africa (Egypt and GCC Countries)

Some of the key questions answered in this report:

● Who are the worldwide key Players of the Enterprise Firewall Industry? ● How the opposition goes in what was in store connected with Enterprise Firewall? ● Which is the most driving country in the Enterprise Firewall industry? ● What are the Enterprise Firewall market valuable open doors and dangers looked by the manufactures in the worldwide Enterprise Firewall Industry? ● Which application/end-client or item type might look for gradual development possibilities? What is the portion of the overall industry of each kind and application? ● What centered approach and imperatives are holding the Enterprise Firewall market? ● What are the various deals, promoting, and dissemination diverts in the worldwide business? ● What are the key market patterns influencing the development of the Enterprise Firewall market? ● Financial effect on the Enterprise Firewall business and improvement pattern of the Enterprise Firewall business?

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Detailed TOC of Global Enterprise Firewall Market Research Report 2022

1 Enterprise Firewall Market Overview

1.1 Product Overview and Scope of Enterprise Firewall

1.2 Enterprise Firewall Segment by Type

1.2.1 Global Enterprise Firewall Market Size Growth Rate Analysis by Type 2022 VS 2028

1.2.2 Type 1

1.2.3 Type 2

1.3 Enterprise Firewall Segment by Application

1.3.1 Global Enterprise Firewall Consumption Comparison by Application: 2022 VS 2028

1.3.2 Application 1

1.3.3 Application 2

1.4 Global Market Growth Prospects

1.4.1 Global Enterprise Firewall Revenue Estimates and Forecasts (2017-2028)

1.4.2 Global Enterprise Firewall Production Estimates and Forecasts (2017-2028)

1.5 Global Market Size by Region

1.5.1 Global Enterprise Firewall Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028

1.5.2 North America Enterprise Firewall Estimates and Forecasts (2017-2028)

1.5.3 Europe Enterprise Firewall Estimates and Forecasts (2017-2028)

1.5.4 China Enterprise Firewall Estimates and Forecasts (2017-2028)

1.5.5 Japan Enterprise Firewall Estimates and Forecasts (2017-2028)

1.5.6 South Korea Enterprise Firewall Estimates and Forecasts (2017-2028)

2 Market Competition by Manufacturers

2.1 Global Enterprise Firewall Production Market Share by Manufacturers (2017-2022)

2.2 Global Enterprise Firewall Revenue Market Share by Manufacturers (2017-2022)

2.3 Enterprise Firewall Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.4 Global Enterprise Firewall Average Price by Manufacturers (2017-2022)

2.5 Manufacturers Enterprise Firewall Production Sites, Area Served, Product Types

2.6 Enterprise Firewall Market Competitive Situation and Trends

2.6.1 Enterprise Firewall Market Concentration Rate

2.6.2 Global 5 and 10 Largest Enterprise Firewall Players Market Share by Revenue

2.6.3 Mergers and Acquisitions, Expansion

3 Production by Region

3.1 Global Production of Enterprise Firewall Market Share by Region (2017-2022)

3.2 Global Enterprise Firewall Revenue Market Share by Region (2017-2022)

3.3 Global Enterprise Firewall Production, Revenue, Price and Gross Margin (2017-2022)

3.4 North America Enterprise Firewall Production

3.4.1 North America Enterprise Firewall Production Growth Rate (2017-2022)

3.4.2 North America Enterprise Firewall Production, Revenue, Price and Gross Margin (2017-2022)

3.5 Europe Enterprise Firewall Production

3.5.1 Europe Enterprise Firewall Production Growth Rate (2017-2022)

3.5.2 Europe Enterprise Firewall Production, Revenue, Price and Gross Margin (2017-2022)

3.6 China Enterprise Firewall Production

3.6.1 China Enterprise Firewall Production Growth Rate (2017-2022)

3.6.2 China Enterprise Firewall Production, Revenue, Price and Gross Margin (2017-2022)

3.7 Japan Enterprise Firewall Production

3.7.1 Japan Enterprise Firewall Production Growth Rate (2017-2022)

3.7.2 Japan Enterprise Firewall Production, Revenue, Price and Gross Margin (2017-2022)

3.8 South Korea Enterprise Firewall Production

3.8.1 South Korea Enterprise Firewall Production Growth Rate (2017-2022)

3.8.2 South Korea Enterprise Firewall Production, Revenue, Price and Gross Margin (2017-2022)

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4 Global Enterprise Firewall Consumption by Region

4.1 Global Enterprise Firewall Consumption by Region

4.1.1 Global Enterprise Firewall Consumption by Region

4.1.2 Global Enterprise Firewall Consumption Market Share by Region

4.2 North America

4.2.1 North America Enterprise Firewall Consumption by Country

4.2.2 United States

4.2.3 Canada

4.3 Europe

4.3.1 Europe Enterprise Firewall Consumption by Country

4.3.2 Germany

4.3.3 France

4.3.4 U.K.

4.3.5 Italy

4.3.6 Russia

4.4 Asia Pacific

4.4.1 Asia Pacific Enterprise Firewall Consumption by Region

4.4.2 China

4.4.3 Japan

4.4.4 South Korea

4.4.5 China Taiwan

4.4.6 Southeast Asia

4.4.7 India

4.4.8 Australia

4.5 Latin America

4.5.1 Latin America Enterprise Firewall Consumption by Country

4.5.2 Mexico

4.5.3 Brazil

5 Segment by Type

5.1 Global Enterprise Firewall Production Market Share by Type (2017-2022)

5.2 Global Enterprise Firewall Revenue Market Share by Type (2017-2022)

5.3 Global Enterprise Firewall Price by Type (2017-2022)

6 Segment by Application

6.1 Global Enterprise Firewall Production Market Share by Application (2017-2022)

6.2 Global Enterprise Firewall Revenue Market Share by Application (2017-2022)

6.3 Global Enterprise Firewall Price by Application (2017-2022)

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Killexams : Big Data Security Market is set to Fly High Growth with Cloudera, Fortinet, McAfee, Centrify

HTF MI introduce new research on Global Big Data Security covering micro level of analysis by competitors and key business segments (2022-2030). The Global Big Data Security explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing. Some of the MajorKey players profiled in the study are IBM, Hewlett Packard Enterprise AWS, Pivotal Software, Gemalto, Centrify, Cloudera, Hortonworks, Thales E-security, McAfee, Symantec, Check Point Software Technologies, Fortinet & Imperva

Get Free demo Pages PDF @ https://www.htfmarketreport.com/sample-report/2479953-global-big-data-security-market-3

On the off chance that you are engaged with the industry or expect to be, at that point this investigation will give you complete perspective. It’s crucial you stay up with the latest sectioned by Applications [Small and Medium Enterprises (SMEs) & Large enterprises], Product Types [On-premises & Cloud] and some significant parts in the business
.
For more data or any query mail at [email protected]

Which market aspects are illuminated in the report?

Executive Summary: It covers a summary of the most vital studies, the Global Big Data Security market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis:Covers major companies, vital market segments, the scope of the products offered in the Global Big Data Security market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global Big Data Security report offers data on imports and exports, sales, production and key companies in all studied regional markets

Highlighted of Global Big Data Security Market Segments and Sub-Segment:

Big Data Security Market by Key Players: IBM, Hewlett Packard Enterprise AWS, Pivotal Software, Gemalto, Centrify, Cloudera, Hortonworks, Thales E-security, McAfee, Symantec, Check Point Software Technologies, Fortinet & Imperva

Big Data Security Market by Types: On-premises & Cloud

Big Data Security Market by End-User/Application: Small and Medium Enterprises (SMEs) & Large enterprises

Big Data Security Market by Geographical Analysis: North America, Europe, China, Japan, Southeast Asia, India & Central & South America

For More Query about the Big Data SecurityMarket Report? Get in touch with us at: https://www.htfmarketreport.com/enquiry-before-buy/2479953-global-big-data-security-market-3

The study is a source of reliable data on: Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this Big Data Security market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

Basic Questions Answered

*who are the key market players in the Big Data Security Market?
*Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the *What are the regional growth trends and the leading revenue-generating regions for the Big Data Security Market?
*What are the major Product Type of Big Data Security?
*What are the major applications of Big Data Security?
*Which Big Data Security technologies will top the market in next 5 years?

Examine Detailed Index of full Research Study [email protected]https://www.htfmarketreport.com/reports/2479953-global-big-data-security-market-3

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Killexams : Comcast Business Partners with Fortinet to Secure Enterprise Application Access with New SASE and SSE Solutions

TMCNet: Comcast Business Partners with Fortinet to Secure Enterprise Application Access with New SASE and SSE Solutions

Comcast Business today announced a strategic partnership with Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, to deliver enterprises a new set of secure access service edge (SASE), and security service edge (SSE) solutions to help enterprises protect their distributed workforces using a cloud-delivered approach to security policy enforcement. This collaboration expands Comcast Business's managed services expertise, while giving enterprises greater flexibility to choose the cloud architecture and vendor mix that is right for them.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220801005097/en/

In today's work-from-anywhere world, IT leaders are challenged with balancing employee convenience with securing their networks. New security architectures, such as SASE, which converges networking and security via SD-WAN and cloud-delivered security, and SSE, the security foundation of SASE, enable enterprises to strengthen their security posture while enhancing employees' experience, regardless of their location. In fact, according to a recent Foundry CIO research study sponsored by Masergy (a Comcast Business company) and Fortinet, the overwhelming majority (98%) of enterprise IT leaders surveyed cited the convergence of network and security as critical or very important, while 94% said their adoption of SASE solutions has accelerated.

The new Comcast Business offerings - delivered through Comcast Business Secure Gateways - give enterprises the option to choose from either SASE or SSE solutions backed by Fortinet's security-driven networking technology and Equinix's flexible cloud connection Equinix Fabric™ for a complete secure network service. Enterprises wanting to enable safe access to cloud and web services can take advantage of the Comcast Business SSE solution, which brings together multiple cloud-delivered network security technologies in a fully-hosted environment. The Comcast Business SASE solution provides this hosted SSE security architecture combined with zero trust capabilities and any of Comcast Business's SD-WAN solutions.

"In today's dynamic world, no two companies are alike and very few are the same as they were just two years ago," said Amit Verma, Chief Technology Officer, Enterprise Solutions, Comcast Business. "By expanding our relationship with Fortinet, we are offering our clients more choice and the flexibility to choose a solution that works for them - while providing some of the latest security solutions to help keep them ready for the day - today and tomorrow."

Comcast Business Secure Gateways povide a fully-hosted set of SASE or SSE services covering a broad range of security networking solutions for Firewall-as-a-Service (FWaaS), Intrusion Prevention (IPS), Data Loss Prevention (DLP), Cloud Access Security Brokers (CASB), and Zero Trust Network Access (ZTNA). Comcast Business Secure Gateways are hosted across the United States at Equinix data centers, offering up to 10 gigabits per second (Gbps) of cloud connectivity for public, private, or hybrid cloud deployments. The Equinix Fabric™ enables support of Amazon Web Services, Microsoft Azure, Google Cloud, IBM and more than 200 SaaS providers.

"In order to enhance user experience, reduce complexity, and Excellerate their security posture against today's most advanced and persistent threats, organizations must adopt solutions that converge networking and security," said John Maddison, EVP of products and CMO, Fortinet. "We're pleased to work closely with Comcast Business to build SASE services that support customers at any stage of digital innovation with Fortinet's industry leading security-driven networking technology."

To learn more about Comcast Business SD-WAN solutions, please visit: https://business.comcast.com/enterprise/products-services/managed-services/managed-connectivity.

About Comcast Business
Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what's next. Powered by the nation's largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation's largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services.

For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social.

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

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 580,000 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.

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Killexams : Cyber security as a Service Market 2022, Business Quality Check, Global Review and Outlook by Top 10 Companies | 126 Report Pages

The MarketWatch News Department was not involved in the creation of this content.

The "Cyber security as a Service Market" Research Report gives an inside and out outline and experiences into the market's size, incomes, different sections and drivers of improvement, as well as restricting elements and provincial modern presence. The objective of the statistical surveying study is to totally assess the 'Cyber security as a Service Sector' and get a survey makes sense of the business and its business possibilities. The concentrate likewise inspects the effect of COVID-19 on the business and income examinations when the pestilence. As per this, the client gets broad information on the business and firm from an earlier time, present, and future points of view, permitting them to put away cash and convey assets admirably.

To Know How Covid-19 Pandemic and Russia Ukraine War Will Impact This Market

In the current times when digitalization of operations and internal networks has become the prime agenda of enterprises across all industries globally, cyber security has become an important part in every industry due to complex network environments, advanced technology adoption, and growing IT infrastructure.

Market Analysis and Insights: Global Cyber security as a Service Market
The global Cyber security as a Service market size is projected to reach USD 37440 million by 2026, from USD 34780 million in 2020, at a CAGR of 7.1%% during 2021-2026.

Global Cyber security as a Service Scope and Market Size
Cyber security as a Service market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Cyber security as a Service market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

This Cyber security as a Service Market Report offers analysis and insights based on original consultations with important players such as CEOs, Managers, and Department heads of suppliers, manufacturers, and distributors.

How much is the Cyber security as a Service market worth?

As a result of the Ukraine-Russia War and COVID-19 epidemic, the Cyber security as a Service market is estimated to be worth USD million in 2022 and is forecast to be worth USD million by 2026, with a CAGR estimated to generate a lot of revenue till 2026.

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The investigation report has solidified the examination of different factors that increment the market's turn of events. It lays out examples, limitations, and drivers that change the market in either a positive or negative manner. This part also gives the degree of different sections and applications that could influence the market from now into the foreseeable future. The point by point information relies upon most recent things and essential accomplishments. This portion moreover gives an exploration of the volume of creation about the overall market and about each sort from 2017 to 2026.

What are the key companies covered in the Cyber security as a Service Market?

The Major Players covered in the Cyber security as a Service Market report are:

● Symantec ● MCAFEE ● Trend Micro ● Cisco ● Fortinet ● Panda Security ● Ciphercloud ● Zscaler ● Alert Logic ● Radware ● Armor ● ATandT ● BAE Systems ● Capgemini ● Choice CyberSecurity ● Transputec ● BlackStratus ● FireEye ● LookingGlass ● Optiv ● TCS ●

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A thorough evaluation of the controls associated with the report portrays the separation to drivers and gives space for essential arrangement. Factors that obscure the market advancement are critical as they can be seen to devise different bends for getting hold of the advantageous entryways that are accessible in the reliably creating business area. Besides, pieces of information into market capable's viewpoints have been taken to appreciate the market better.

Cyber security as a Service Market - Size, Shares, Scope, Competitive Landscape and Segmentation Analysis:

The report focuses on the Cyber security as a Service market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Cyber security as a Service market.

The major players in the global Cyber security as a Service Market are summarized in a report to understand their role in the market and future strategies. Numerous marketing channels and strategies are likely to thrive during the forecast period and were also identified in reports that help readers develop a winning approach.

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What segments are covered in Cyber security as a Service Market report?

Cyber security as a Service Market is segmented on the basis of type, end-use industry and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of Product Type, Cyber security as a Service Market is segmented into:
● Enterprise Security
● Endpoint Security
● Cloud Security
● Network Security
● Application Security

The report studies end-user applications in various product segments and the global Cyber security as a Service Market. By collecting important data from relevant sources, the report assesses the growth of individual market segments. In addition, the market size and growth rate of each segment is explained in the report. The report considers key geographic segments and describes all the favourable conditions driving market growth.

On the basis of the End Users / Applications, Cyber security as a Service Market is segmented into:
● IT and Telecom
● Retail
● BFSI
● Healthcare
● Defense/Government
● Automotive
● Education
● Oil and Gas

The country section of the report also includes individual market influences affecting current and future market trends and changes in market regulation at the country level.

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On the basis of the Geography, Cyber security as a Service Market is segmented into:
- North America [US, Canada, Mexico]
- Europe [Germany, UK, France, Russia, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of South America]
- Middle East and Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

Through a comparative examination of the past and present scenarios, the Cyber security as a Service research offers a complete blueprint of the industry scenario across the assessment timeframe; assisting stakeholders in establishing action plans that ensure maximum growth while managing market risks. Furthermore, the study document provides a complete review of the major industry segments to discover the best investment opportunities. It also examines all of the major market participants in terms of their financials, growth plans, and product and service offerings to provide a comprehensive picture of the competitive environment.

Cyber security as a Service Market - Impact of Covid-19 and Recovery Analysis:

We have been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. This report analyses the impact of the pandemic on the Cyber security as a Service market from a Global and Regional perspective. The report outlines the market size, market characteristics, and market growth for Cyber security as a Service industry, categorized by type, application, and consumer sector. In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.

Request A demo Copy of Cyber security as a Service Market Research Report 2022 Here

Cyber security as a Service Market Drivers and Restrains:

The Cyber security as a Service industry research report provides an analysis of the various factors driving the markets growth. It creates trends, constraints and impulses that change the market in a positive or negative direction. This section also discusses the various segments and applications that could affect the future Cyber security as a Service market. Details are based on current trends and past achievements. The report includes a comprehensive boundary condition assessment that compares drivers and provides strategic planning. The factors that impede market growth are fundamental because they create different curves to seize opportunities in emerging markets. We also gather information from the opinions of market experts to better understand the market.

Years considered for this report:
- Historical Years:2017-2021
- Base Year:2021
- Estimated Year:2022
- Forecast Period:2022-2026

What the Report has to Offer?
- Market Size Estimates:The report offers accurate and reliable estimation of the market size in terms of value and volume. Aspects such as production, distribution and supply chain, and revenue for the Cyber security as a Service market are also highlighted in the report
- Analysis on Market Trends:In this part, upcoming market trends and development have been scrutinized
- Growth Opportunities:The report here provides clients with the detailed information on the lucrative opportunities in the Cyber security as a Service market
- Regional Analysis:In this section, the clients will find comprehensive analysis of the potential regions and countries in the Cyber security as a Service market
- Analysis on the Key Market Segments:The report focuses on the segments: end user, application, and product type and the key factors fuelling their growth.
- Vendor Landscape:Competitive landscape provided in the report will help the companies to become better equipped to be able to make effective business decisions.

Reasons to buy this report:
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Cyber security as a Service Market - Table of Content (TOC):

1 Cyber security as a Service Market Overview
1.1 Product Overview and Scope of Cyber security as a Service Market
1.2 Cyber security as a Service Market Segment by Type
1.2.1 Global Cyber security as a Service Market Sales and CAGR Comparison by Type (2017-2026)
1.3 Global Cyber security as a Service Market Segment by Application
1.3.1 Cyber security as a Service Market Consumption (Sales) Comparison by Application (2017-2026)
1.4 Global Cyber security as a Service Market, Region Wise (2017-2026)
1.4.1 Global Cyber security as a Service Market Size (Revenue) and CAGR Comparison by Region (2017-2026)
1.4.2 United States Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.3 Europe Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.4 China Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.5 Japan Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.6 India Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.7 Southeast Asia Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.8 Latin America Cyber security as a Service Market Status and Prospect (2017-2026)
1.4.9 Middle East and Africa Cyber security as a Service Market Status and Prospect (2017-2026)
1.5 Global Market Size (Revenue) of Cyber security as a Service (2017-2026)
1.5.1 Global Cyber security as a Service Market Revenue Status and Outlook (2017-2026)
1.5.2 Global Cyber security as a Service Market Sales Status and Outlook (2017-2026)
1.6 Influence of Regional Conflicts on the Cyber security as a Service Industry
1.7 Impact of Carbon Neutrality on the Cyber security as a Service Industry

2 Cyber security as a Service Market Upstream and Downstream Analysis
2.1 Cyber security as a Service Industrial Chain Analysis
2.2 Key Raw Materials Suppliers and Price Analysis
2.3 Key Raw Materials Supply and Demand Analysis
2.4 Market Concentration Rate of Raw Materials
2.5 Manufacturing Process Analysis
2.6 Manufacturing Cost Structure Analysis
2.7 Major Downstream Buyers of Cyber security as a Service Analysis
2.8 Impact of COVID-19 on the Industry Upstream and Downstream

3 Players Profiles

4 Global Cyber security as a Service Market Landscape by Player
4.1 Global Cyber security as a Service Sales and Share by Player (2017-2022)
4.2 Global Cyber security as a Service Revenue and Market Share by Player (2017-2022)
4.3 Global Cyber security as a Service Average Price by Player (2017-2022)
4.4 Global Cyber security as a Service Gross Margin by Player (2017-2022)
4.5 Cyber security as a Service Market Competitive Situation and Trends
4.5.1 Cyber security as a Service Market Concentration Rate
4.5.2 Cyber security as a Service Market Share of Top 3 and Top 6 Players
4.5.3 Mergers and Acquisitions, Expansion

5 Global Cyber security as a Service Sales, Revenue, Price Trend by Type
5.1 Global Cyber security as a Service Sales and Market Share by Type (2017-2022)
5.2 Global Cyber security as a Service Revenue and Market Share by Type (2017-2022)
5.3 Global Cyber security as a Service Price by Type (2017-2022)
5.4 Global Cyber security as a Service Sales, Revenue and Growth Rate by Type (2017-2022)

6 Global Cyber security as a Service Market Analysis by Application
6.1 Global Cyber security as a Service Consumption and Market Share by Application (2017-2022)
6.2 Global Cyber security as a Service Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Cyber security as a Service Consumption and Growth Rate by Application (2017-2022)

7 Global Cyber security as a Service Sales and Revenue Region Wise (2017-2022)
7.1 Global Cyber security as a Service Sales and Market Share, Region Wise (2017-2022)
7.2 Global Cyber security as a Service Revenue and Market Share, Region Wise (2017-2022)
7.3 Global Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.4 United States Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.4.1 United States Cyber security as a Service Market Under COVID-19
7.5 Europe Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.5.1 Europe Cyber security as a Service Market Under COVID-19
7.6 China Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.6.1 China Cyber security as a Service Market Under COVID-19
7.7 Japan Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.7.1 Japan Cyber security as a Service Market Under COVID-19
7.8 India Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.8.1 India Cyber security as a Service Market Under COVID-19
7.9 Southeast Asia Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.9.1 Southeast Asia Cyber security as a Service Market Under COVID-19
7.10 Latin America Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.10.1 Latin America Cyber security as a Service Market Under COVID-19
7.11 Middle East and Africa Cyber security as a Service Sales, Revenue, Price and Gross Margin (2017-2022)
7.11.1 Middle East and Africa Cyber security as a Service Market Under COVID-19

8 Global Cyber security as a Service Market Forecast (2022-2026)
8.1 Global Cyber security as a Service Sales, Revenue Forecast (2022-2026)
8.1.1 Global Cyber security as a Service Sales and Growth Rate Forecast (2022-2026)
8.1.2 Global Cyber security as a Service Revenue and Growth Rate Forecast (2022-2026)
8.1.3 Global Cyber security as a Service Price and Trend Forecast (2022-2026)
8.2 Global Cyber security as a Service Sales and Revenue Forecast, Region Wise (2022-2026)
8.3 Global Cyber security as a Service Sales, Revenue and Price Forecast by Type (2022-2026)
8.4 Global Cyber security as a Service Consumption Forecast by Application (2022-2026)
8.5 Cyber security as a Service Market Forecast Under COVID-19

9 Industry Outlook
9.1 Cyber security as a Service Market Drivers Analysis
9.2 Cyber security as a Service Market Restraints and Challenges
9.3 Cyber security as a Service Market Opportunities Analysis
9.4 Emerging Market Trends
9.5 Cyber security as a Service Industry Technology Status and Trends
9.6 News of Product Release
9.7 Consumer Preference Analysis
9.8 Cyber security as a Service Industry Development Trends under COVID-19 Outbreak
9.8.1 Global COVID-19 Status Overview
9.8.2 Influence of COVID-19 Outbreak on Cyber security as a Service Industry Development

10 Research Findings and Conclusion

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Cyber security as a Service Market - Research Methodology:

The key research methodology is data triangulation which involves data processing, analysis of the impact of knowledge variables on the market, and first (industry expert) validation. Data collection and base year analysis is completed using data collection modules with large demo sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key analysis are the main success factors within the market report.

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Killexams : This Week In Security: VPN Gateways, Attacks In The Wild, VLC, And An IP Address Caper

We’ll start with more Black Hat/DEFCON news. [Meh Chang] and [Orange Tsai] from Devcore took a look at Fortinet and Pulse Secure devices, and found multiple vulnerabilities. (PDF Slides) They are publishing summaries for that research, and the summary of the Fortinet research is now available.

It’s… not great. There are multiple pre-authentication vulnerabilities, as well as what appears to be an intentional backdoor.

CVE-2018-13379 abuses an snprintf call made when requesting a different language for the device login page. Snprintf is an alternative to sprintf, but intended to prevent buffer overflows by including the maximum string length to write to the target buffer, which sounds like a good idea but can lead to malicious truncation.

The code in question looks like snprintf(s, 0x40, "/migadmin/lang/%s.json", lang);.
When loading the login page, a request is made for a language file, and the file is sent to the user. At first look, it seems that this would indeed limit the file returned to a .json file from the specified folder. Unfortunately, there is no further input validation on the request, so a language of ../../arbitrary is considered perfectly legitimate, escaping the intended folder.  This would leak arbitrary json files, but sincesnprintf doesn’t fail if it exceeds the specified length, sending a request for a lang that’s long enough results in the “.json” extension not being appended to the request either.

A metasploit module has been written to test for this vulnerability, and it requests a lang of /../../../..//////////dev/cmdb/sslvpn_websession. That’s just long enough to force the json extension to fall off the end of the string, and it is Unix convention is to ignore the extra slashes in a path. Just like that, the Fortigate is serving up any file on its filesystem just for asking nice.

More worrying than the snprintf bug is the magic value that appears to be an intentional backdoor. A simple 14 character string sent as an http query string bypasses authentication and allows changing any user’s password — without any authentication. This story is still young, it’s possible this was intended to have a benign purpose. If it’s an honest mistake, it’s a sign of incompetence. If it’s an intentional backdoor, it’s time to retire any and all Fortinet equipment you have.

Pulse Secure VPNs have a similar pre-auth arbitrary file read vulnerability. Once the full report is released, we’ll cover that as well.

Exploitation in the Wild

But wait, there’s more. Hide your kids, hide your wife. Webmin, Pulse Secure, and Fortigate are already being exploited actively in the wild, according to ZDNet. Based on reports from Bad Packets, the Webmin backdoor was being targeted in scans within a day of announcement, and exploited within three days of the announcement. There is already a botnet spreading via this backdoor. It’s estimated that there are around 29,000 vulnerable Internet-facing servers.

Both Pulse Secure and Fortinet’s Fortigate VPN appliances are also being actively targeted. Even though the vulnerabilities were reported first to the vendors, and patched well in advance of the public disclosure, thousands of vulnerable devices remain. Apparently routers and other network appliance hardware are fire-and-forget solutions, and often go without important security updates.

VLC is Actually Vulnerable This Time

The VLC media player has released a new update, fixing 11 CVEs. These CVEs are all cases of mishandling malformed media files, and are only exploitable by opening a malicious file with VLC. Be sure to go update VLC if you have it installed. Even though no arbitrary code execution has been demonstrated for any of these issues, it’s likely that it will eventually happen.

Gray Market IP Addresses

With the exhaustion of IPv4 addresses, many have begun using alternative methods to acquire address space, including the criminal element. Krebs on Security details his investigation into one such story: Residential Networking Solutions LLC (Resnet). It all started with an uptick in fraudulent transactions originating from Resnet residential IP addresses. Was this a real company, actually providing internet connectivity, or a criminal enterprise?

Sun, 24 Jul 2022 12:00:00 -0500 Jonathan Bennett en-US text/html https://hackaday.com/2019/08/30/this-week-in-security-vpn-gateways-attacks-in-the-wild-vlc-and-an-ip-address-caper/
Killexams : U.S. Open Championship Preview

BROOKLINE, Mass. (AP) The U.S. Open isn't the only American major that has felt like an afterthought, lost among chatter and innuendo about Topics unrelated to birdies and bogeys.

Golf was no longer the primary concern going into the 1990 PGA Championship at Shoal Creek in Alabama. The club founder had said Shoal Creek would not be pressured into accepting a Black member. Corporate sponsors began to withdraw TV advertising, protests were planned and Shoal Creek extended membership to a Black insurance executive a week before the PGA.

Until the first tee shot, most of the stories were on the controversy and its ripple effect in golf, not whether Nick Faldo could win his third major of the year.

Battle lines were drawn at the 2003 Masters between activist Martha Burk and her demands that Augusta National have a female member, and club chairman Hootie Johnson who stubbornly said that day may come, but ''not at the point of a bayonet.''

Tiger Woods was going for an unprecedented third straight Masters, and he got 10 questions from the media about social issues and the chaos at Augusta. And then when Thursday arrived, rain washed out the opening round.

The difference is the U.S. Open has been overshadowed by a development not of its own doing.

Just its luck, a return to The Country Club for the 122nd Open and its century-old heritage came one week after the Saudi-funded LIV Golf rebel series began outside London.

Phil Mickelson and Dustin Johnson, the two biggest defectors, are among 14 players suspended by the PGA Tour for signing up and who are now playing the U.S. Open. Rumors have rampant all week that more players could be signing up for the Saudi money next week.

Mickelson defended his decision. Rory McIlroy said players who signed up for the 54-hole events with no cut and guaranteed money are ''taking the easy way out.''

Golf, anyone?

''We're praying that changes tomorrow,'' USGA chief Mike Whan said Wednesday. ''Even I can say that you don't have to ask how we feel about it. Ask 156 players that are grinding it out to get to tomorrow. They're trying to focus on the same thing we're trying to focus on.

''I think - hopefully - as soon as we tee this up tomorrow, we'll have something else to talk about, at least for the next four days.''

It starts with a local flavor. Michael Thorbjornsen of Stanford, who grew up in the Boston area and won a U.S. Junior Amateur, hits the opening tee shot from No. 1. Fran Quinn, who is 57 and lives about 40 minutes away from Brookline, will start on No. 10.

Mickelson has received only cheers and support - not quite as raucous as in other years - during his practice rounds. He can expect a few renditions of ''Happy Birthday'' during his opening round because he turns 52 on Thursday.

What they face is an old-styled course, dense rough around most of the tiny greens, fescue framing fairways that are not the narrowest for a U.S. Open and still an important part of keeping big numbers off the card.

The par-3 11th hole is 131 yards by the card and likely will play under 100 yards at some point. The fifth hole is short enough that players can drive the green.

The U.S. Open typically is about precision over power, with patience key for anyone. recent history, however, leans toward big hitters - Jon Rahm last year, Bryson DeChambeau at Winged Foot, Gary Woodland at Pebble Beach, Brooks Koepka back-to-back and Johnson at Oakmont.

''You should probably have an advantage if you're a little bit longer,'' said John Bodenhamer, the USGA's chief championships officer who sets up the course. ''How it plays here, I don't know. We're going to find out. It's been 34 years since we've been here.''

That was in 1988, when Curtis Strange beat Nick Faldo in a playoff. Both were known for precision iron play and avoiding big mistakes.

''This will be a good old-fashioned U.S. Open with rough, and we'll see how they navigate that and what they use off the tee,'' Bodehamer said. ''I am telling you, with these small greens and the firmness, they're going to need to be in the fairway.''

As for the prize money, the U.S. Open has fallen in line with other majors, if not a step up. The PGA Tour set the tone by jacking up the purse of The Players Championship to $20 million with hopes the majors might tag along.

The Masters and PGA Championship bumped their purses to $15 million (both at least a $3 million increase), while the U.S. Open has gone up $5 million to $17.5 million.

That doesn't compare with the $25 million in prize money the LIV Golf series is offering for its 54-hole events that last week only had four of the top 50 players in the world.

This is about history, a trophy that dates to 1895, making it the second-oldest championship in golf. That should be enough to get anyone's attention over four days.

''We're here at major championship, and we're here to win the U.S. Open, and we're here to play and beat everyone else in this field, in this great field,'' two-time major champion Collin Morikawa said. ''That's what it's about.''

---

More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP-Sports

Copyright 2022 STATS LLC and Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and Associated Press is strictly prohibited.

Fri, 05 Aug 2022 02:05:00 -0500 en text/html https://www.cbssports.com/golf/leaderboard/pga-tour/26751687/U.S.%20Open%20Championship/preview/
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