Fortinet, Inc. (FTNT) is Attracting Investor Attention: Here is What You Should Know

Fortinet brings AI help to enterprise security teams

Fortinet Advisor is an AI-based assistant designed to help customers respond to threats more quickly.

Fortinet has joined a growing list of enterprise networking players to build an AI-based assistant to help customers fight off cybersecurity threats.

Fortinet Advisor is aimed at helping security operations teams make more informed decisions, respond to threats faster, and simplify routine and complex tasks. The AI-based assistant will be available as part of Fortinet's FortiSIEM security information and event management platform and FortiSOAR security orchestration, automation, and response product.

Most security teams are challenged by the volume of alerts that demand time to identify, prioritize, investigate, and remediate, and this volume can overwhelm staff who are already strained by the industry-wide cyber skills shortage, wrote David Finger, Fortinet's director of product marketing, in a blog about the new Advisor.

A second challenge is the growing number of sophisticated attacks that evade detection by utilizing legitimate credentials, devices, or services coopted for malicious purposes. New attacks also utilize multi-stage processes that are difficult to see using security tools that don't work together as an integrated system or provide a consolidated view.

"This is where generative AI's interactive, natural language interaction can significantly improve security operations effectiveness by making events, alerts, and incidents easier to understand and translate natural language requests into the technical queries required to execute complex database queries and automatically build rich reports," Finger wrote.

Fortinet Advisor lets SecOps teams directly interact with AI systems to enhance threat detection, analysis, and response, generate reports, build playbooks, and remediate vulnerable and compromised systems, Finger stated.

Advisor expands Fortinet's AI portfolio, which includes FortiAIOps, FortiEDR, FortiNDR, and FortiAnalyzer.

Most recently, Fortinet released two high-speed, next generation firewalls. The firewalls support Fortinet’s AI-Powered Security Services, which blend AI and machine-learning technologies to make customers aware of cyber threats and act on protecting resources much more quickly, Fortinet stated.

A number of vendors, including Cisco, Juniper, Extreme and Arista, have unveiled AI-based assistants designed to help enterprise customers better assess security situations, eliminate errors and automate complex tasks.

Cisco, for example, added an AI Assistant for Security that will be implemented as part of the vendor’s cloud-based Firewall Management Center and Cisco Defense Orchestrator services. Cisco's Firewall Management Center is a centralized platform for configuring, monitoring, troubleshooting and controlling Cisco Firepower Next-Generation Firewalls. The orchestrator platform lets customers centrally manage, control and automate security policies across multiple cloud-native security systems.

Fortinet to Announce Fourth Quarter and Full Year 2023 Financial Results

SUNNYVALE, Calif., Jan. 02, 2024 (GLOBE NEWSWIRE) --

News SummaryFortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its fourth quarter and Full Year 2023 financial results on Tuesday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

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

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

About FortinetFortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-F

Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPenTest, FortiPhish, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiSASE, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.

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