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SUNNYVALE, Calif. - Fortinet (NASDAQ: FTNT), a leader in global cybersecurity with a market capitalization of $67.67 billion and an impressive financial health rating according to InvestingPro, announced the integration of new artificial intelligence (AI) capabilities into its Fortinet Security Fabric platform. The enhancements aim to protect against emerging threats, automate security and network operations, and secure the use of AI-enabled services by employees. The company's strong balance sheet, featuring more cash than debt, positions it well for continued innovation in the cybersecurity space.
Michael Xie, Founder, President, and Chief Technology Officer at Fortinet, stated that the company's AI advantage is rooted in over a decade of AI innovation, supported by a wealth of patents. These advancements are intended to lessen the burden on security and network analysts and improve the precision and speed of operations. The company's strategic focus appears to be paying off, with an impressive gross profit margin of 80.56% and revenue growth of 12.27% in the last twelve months.
The updated FortiAI features include agentic AI applications that autonomously manage network operations and assist in security operations by prioritizing alerts, conducting adaptive threat hunting, and providing root-cause tracing. Additionally, FortiAI-Protect aims to identify advanced and unknown threats, offering contextual risk assessments to bolster security measures.
Fortinet's initiatives also extend to securing AI models and infrastructure against network-based threats, ensuring the integrity of data and enforcing zero-trust access principles. The company emphasizes data privacy, with a multi-layered approach to protect information shared with the Fortinet GenAI assistant.
These developments are expected to enhance the existing FortiGuard AI-powered Security Services for both new and existing customers, providing a more robust defense against sophisticated cyber threats.
The information in this article is based on a press release statement from Fortinet.
In other recent news, Fortinet has been the focus of multiple analyst actions and reports. Erste Group initiated coverage on Fortinet with a Buy rating, highlighting the company's impressive return on equity at 56% and projecting substantial revenue growth for 2025, estimated between $6.7 and $6.9 billion. Citi analyst Fatima Boolani raised Fortinet's price target to $115, citing strong performance in 2024, particularly in large deals and SASE momentum, despite maintaining a Neutral rating. Meanwhile, TD Cowen increased the price target to $135, maintaining a Buy rating, following Fortinet's robust fourth-quarter performance and significant growth in Unified SASE and SecOps segments.
Additionally, Stephens assigned an Equal Weight rating with a $108 price target, acknowledging Fortinet's consistent revenue growth and profitability, despite the stock trading at a premium. Fortinet's financial outlook is further supported by strong margins, with Erste Group noting an expected operating margin between 31% and 33% and a high gross margin of approximately 80%. The company's strategic positioning in the cybersecurity market is underscored by its ability to capitalize on trends such as network security consolidation and cloud-based services. These developments reflect a positive sentiment among analysts regarding Fortinet's growth prospects and financial health.
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