Fortinet Offers Integrated Security for Business Branches

Fortinet FTNT recently unveiled a comprehensive solution — Secure SD-Branch — designed to offer WAN and access edge security, and security driven networking to distributed enterprises.

Fortinet’s Secure SD-Branch solution comprises the FortiGate Next-Generation Firewall, FortiNAC Network Access Control, FortiSwitch and FortiAP Access Points.

The solution is an extension of the Fortinet Security Fabric and brings the advantages of SD-WAN to network access by integrating LAN, WAN and security into one platform.

Fortinet, Inc. Price and Consensus

Fortinet, Inc. Price and Consensus

Fortinet, Inc. price-consensus-chart | Fortinet, Inc. Quote

Challenges That the Solution Addresses

With most companies undergoing digital transformation, the use of hybrid cloud architectures and SaaS applications is increasing, creating multiple network edges beyond WAN and access edge. The need to secure these edges is sending many organizations scrambling to implement adequate security throughout their distributed enterprises.

Another opportunity for hackers is created with the increasing number of IoT devices that are connected to the branch network. Moreover, customers who are adopting SD-WAN are realizing the importance of consolidation of LAN platforms to improve security and manageability.

Moreover, transition of workloads to the cloud has several concerns — the most important being security issues. For a business branch to operate optimally, it needs secure, real-time access to data and resources. In such an environment, complexities of using different security solutions are best avoided.

We therefore believe that the new platform, by providing benefits such as network edge protection, device edge protection, integrated security, simplified management and lower cost of ownership, will boost demand for Fortinet’s comprehensive security solutions.

Fortinet Rides on Growing Customer Base

Fortinet’s Security Fabric is gaining strong traction among enterprises. The company announced last week that its cloud security solutions have been adopted by Nubank to create a strong cybersecurity IT environment. Nubank selected Fortinet’s Security Fabric solutions, including FortiGate, FortiSwitch, FortiAP and FortiGate-VM to address its network protection requirements. Moreover, Fortinet’s solutions will provide integrated security with Amazon’s AMZN AWS cloud environment.

Moreover, it recently announced that its multi-cloud security offerings have been adopted by Aspire Global, MediaKind, and MLP Finanzberatung SE to improve their cloud environments with secure connectivity and consistent visibility and control.

Further, the company announced the addition of three more key customers in its Fabric-Ready Partner program — RAD, Indegy and SecurityMatters — which already includes AWS and Nozomi Networks. This will enhance the security solutions available to operational technology customers through the Fortinet Security Fabric.

Zacks Rank & Other Key Picks

Fortinet currently has a Zacks Rank #2 (Buy).

A couple of other top-ranked stocks in the broader Computer and Technology sector are eGain Corporation EGAN and Cirrus Logic, Inc. CRUS, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth for eGain and Cirrus is projected to be 30% and 15%, respectively.

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