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SUNNYVALE, Calif. - Tepper Sports & Entertainment (TSE), owner of the NFL’s Carolina Panthers, MLS’s Charlotte FC, and Bank of America Stadium, has implemented Fortinet’s (NASDAQ:FTNT) Unified SASE and Security Fabric solutions to enhance cybersecurity across its facilities and remote operations.
The deployment aims to strengthen security while simplifying management for TSE’s technology team, which must protect sensitive data across multiple locations including Bank of America Stadium, Atrium Health Performance Park, and a mobile workforce of global scouts and operations staff. As a prominent player in the software industry with impressive gross profit margins of 81%, Fortinet continues to demonstrate strong market leadership in cybersecurity solutions.
"With Fortinet Unified SASE, we have significantly increased our security without adding extra work and inefficiencies for the support team," said Rob Bence, VP of Technology and Cybersecurity at Tepper Sports & Entertainment, according to the press release.
The organization’s security implementation includes Fortinet Unified SASE for secure access regardless of user location, FortiGate Next-Generation Firewalls with AI-powered threat protection, FortiAnalyzer for enhanced visibility, and FortiGuard AI-powered Security Services.
TSE’s deployment addresses specific security challenges in professional sports, including protection of sensitive data like player scouting reports and proprietary schemes. The organization has also extended its security infrastructure to cloud environments using FortiGate virtual machines in Microsoft Azure.
By transitioning from multiple disconnected security tools to Fortinet’s unified platform, TSE reports improved threat visibility and operational efficiency, positioning the organization to meet evolving cybersecurity requirements from professional sports leagues.
The security implementation helps TSE maintain consistent protection across its high-density event environments, which include numerous IoT and connected devices throughout its facilities. With revenue growth of 14.5% and strong profitability metrics, Fortinet’s market position remains robust. For deeper insights into Fortinet’s financial health and growth prospects, including 14 additional ProTips, visit InvestingPro for comprehensive analysis and expert research reports.
In other recent news, Fortinet reported its second-quarter 2025 results, which aligned with revenue expectations and exceeded forecasts for earnings and billings. Despite these solid results, several analyst firms have adjusted their outlooks on the company. Freedom Broker lowered its price target for Fortinet to $100 from $115, citing competitive pressures, though it maintained a Buy rating. Cantor Fitzgerald also reduced its price target to $87 from $110, maintaining a Neutral rating, due to a slowdown in service revenues. Erste Group downgraded Fortinet’s stock from Buy to Hold, expressing concerns about operating margins and future growth prospects. Additionally, Roth/MKM decreased its price target to $90 from $103, highlighting mixed earnings results, with service revenues and cash flow missing analyst targets. Fortinet’s revenue for the current year is expected to be between $6.7 billion and $6.8 billion, with a slight downward revision in service revenue forecasts. These developments reflect varying analyst perspectives on Fortinet’s financial health and market position.
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