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Question: 151
Refer to the exhibits.
Two hub-and-spoke groups are connected through a site-to-site IPsec VPN between Hub 1 and Hub 2. The
administrator configured ADVPN on both hub-and-spoke groups.
Which two outcomes are expected if a user in Toronto sends traffic to London? (Choose two.)
A. London generates an IKE information message that contains the Toronto public IP address.
B. Traffic from Toronto to London triggers the dynamic negotiation of a direct site-to-site VP
C. Toronto needs to establish a site-to-site tunnel with Hub 2 to bypass Hub 1.
D. The first packets from Toronto to London are routed through Hub 1 then to Hub 2. Answer: A,B,C Question: 152
Which two performance SLA protocols enable you to verify that the server response contains a specific value?
(Choose two.)
A. http
B. icmp
C. twamp
D. dns Answer: A,D
Explanation:
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Pages 85,86 in Study guide 7.0 Pages 100,101 in Study guide 7 Question:
Refer to the exhibits.
Which two conclusions for traffic that matches the traffic shaper are true? (Choose two.)
A. The traffic shaper drops packets if the bandwidth is less than 2500 KBps.
B. The measured bandwidth is less than 100 KBps.
C. The traffic shaper drops packets if the bandwidth exceeds 6250 KBps.
D. The traffic shaper limits the bandwidth of each source IP to a maximum of 6250 KBps. Answer: A,B,C Question: 154
Refer to the exhibit.
Which configuration change is required if the responder FortiGate uses a dynamic routing protocol to exchange routes
over IPsec?
A. type must be set to static.
B. mode-cfg must be enabled.
C. exchange-interface-ip must be enabled.
D. add-route must be disabled.
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Explanation:
for using "non ike" routes (for example BGP/static and so on) you must do disable the add-route that
inject automatically kernel route based on p2 selectors from the remote site from the SD-WAN_7.2_Study_Guide page
236 Question: 155
Which CLI command do you use to perform real-time troubleshooting for ADVPN negotiation?
A. get router info routing-table all
B. diagnose debug application ike
C. diagnose vpn tunnel list
D. get ipsec tunnel list Answer: B
Explanation:
IKE real-time debug - useful when debugging ADVPN shortcut messages and spoke-to-spoke negotiations.
diagnose debug console timestamp enable
diagnose vpn ike log filter clear
diagnose vpn ike log filter mdst-addr4
diagnose debug application ike -1
diagnose debug enable Question: 1
Refer to the exhibits.
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Exhibit B
Exhibit A shows the system interface with the static routes and exhibit B shows the firewall policies on the managed
FortiGate.
Based on the FortiGate configuration shown in the exhibits, what issue might you encounter when creating an SD-
WAN zone for port1 and port2?
A. port1 is assigned a manual IP address.
B. port1 is referenced in a firewall policy.
C. port2 is referenced in a static route.
D. port1 and port2 are not administratively down. Answer: B Question: 157
Which two statements are correct when traffic matches the implicit SD-WAN rule? (Choose two.)
A. The sdwan_service_id flag in the session information is 0.
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B. All SD-WAN rules have the default setting enabled.
C. Traffic does not match any of the entries in the policy route table.
D. Traffic is load balanced using the algorithm set for the v4-ecmp-mode setting. Answer: A,C
Explanation:
sdwan_service_id is 0 = match SD-WAN implicit rule, study guide 7.0 page 120, 7.2 page 149 SD-WAN rules
internally are interpreted as a Policy route, so when the traffic doesn't match with any policy route, it will be flowing
by implict policy. Question: 1
Refer to the exhibit.
An administrator is troubleshooting SD-WAN on FortiGate. A device behind branch1_fgt generates traffic to the
10.0.0.0/8 network. The administrator expects the traffic to match SD-WAN rule ID 1 and be routed over
T_INET_0_0. However, the traffic is routed over T_INET_1_0.
Based on the output shown in the exhibit, which two reasons can cause the observed behavior? (Choose two.)
A. The traffic matches a regular policy route configured with T_INET_1_0 as the outgoing device.
B. T_INET_1_0 has a lower route priority value (higher priority) than T_INET_0_0.
C. T_INET_0_0 does not have a valid route to the destination.
D. T_INET_1_0 has a higher member configuration priority than T_INET_0_0. Answer: A,C
Explanation:
https://community.fortinet.com/t5/FortiGate/Technical-Tip-Assigning-Priority-to-SD-WAN-Members-for-Default/ta-
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p/230911 Question: 1
Refer to the exhibit.
Based on the exhibit, which two actions does FortiGate perform on sessions after a firewall policy change? (Choose
two.)
A. FortiGate flushes all sessions.
B. FortiGate terminates the old sessions.
C. FortiGate does not change existing sessions.
D. FortiGate evaluates new sessions. Answer: A,C,D
Explanation:
FortiGate not to flag existing impacted session as dirty by setting firewall-session-dirty to check new.
The results is that FortiGate evaluates only new session against the new firewall policy. Question: 160
Which two statements about SD-WAN central management are true? (Choose two.)
A. The objects are saved in the ADOM common object database.
B. It does not support meta fields.
C. It uses templates to configure SD-WAN on managed devices.
D. It supports normalized interfaces for SD-WAN member configuration. Answer: A,C
Explanation:
Normalized interfaces are not supported for SD-WAN templates. You can create multiple SD-WAN zones and add
interface members to the SD-WAN zones. You must bind the interface members by
name to physical interfaces or VPN interfaces. https://docs.fortinet.com/document/fortigate/7.0.0/sd-wan-new-
features/794804/new-sd-wan-template-fmg Question: 161
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Refer to the exhibits.
Which conclusion about the packet debug flow output is correct?
A. The total number of daily sessions for 10.1.10.1 exceeded the maximum number of concurrent sessions configured
in the traffic shaper, and the packet was dropped.
B. The packet size exceeded the outgoing interface MT
C. The number of concurrent sessions for 10.1.10.1 exceeded the maximum number of concurrent sessions configured
in the traffic shaper, and the packet was dropped.
D. The number of concurrent sessions for 10.1.10.1 exceeded the maximum number of concurrent sessions configured
in the firewall policy, and the packet was dropped. Answer: A,C
Explanation:
In a Per-IP shaper configuration, if an IP address exceeds the configured concurrent session limit, the message
"Denied by quota check" appears. SD-WAN 7.0 Study Guide page 287 Question: 162
Which are two benefits of using CLI templates in FortiManager? (Choose two.)
A. You can reference meta fields.
B. You can configure interfaces as SD-WAN members without having to remove references first.
C. You can configure FortiManager to sync local configuration changes made on the managed device, to the CLI
template.
D. You can configure advanced CLI settings. Answer: A,D Question: 163
What is the route-tag setting in an SD-WAN rule used for?
A. To indicate the routes for health check probes.
B. To indicate the destination of a rule based on learned BGP prefixes.
C. To indicate the routes that can be used for routing SD-WAN traffic.
D. To indicate the members that can be used to route SD-WAN traffic. Answer: B Question: 164
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Refer to the exhibit.
The exhibit shows the SD-WAN rule status and configuration.
Based on the exhibit, which change in the measured latency will make T_MPLS_0 the new preferred member?
A. When T_INET_0_0 and T_MPLS_0 have the same latency.
B. When T_MPLS_0 has a latency of 100 ms.
C. When T_INET_0_0 has a latency of 250 ms.
D. When T_N1PLS_0 has a latency of 80 ms. Answer: D Question: 165
Refer to the exhibits.
Exhibit A -
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Exhibit B -
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Exhibit A shows the traffic shaping policy and exhibit B shows the firewall policy.
The administrator wants FortiGate to limit the bandwidth used by YouTube. When testing, the administrator
determines that FortiGate does not apply traffic shaping on YouTube traffic.
Based on the policies shown in the exhibits, what configuration change must be made so FortiGate performs traffic
shaping on YouTube traffic?
A. Destination internet service must be enabled on the traffic shaping policy.
B. Application control must be enabled on the firewall policy.
C. Web filtering must be enabled on the firewall policy.
D. Individual SD-WAN members must be selected as the outgoing interface on the traffic shaping policy. Answer: B Question: 166
Refer to the exhibit, which shows the IPsec phase 1 configuration of a spoke.
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What must you configure on the IPsec phase 1 configuration for ADVPN to work with SD-WAN?
A. You must set ike-version to 1.
B. You must enable net-device.
C. You must enable auto-discovery-sender.
D. You must disable idle-timeout. Answer: B
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Fortinet Fortinet study - BingNews
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https://killexams.com/exam_list/FortinetFortinet: A Nice Way To Surf A Macro Trend
A good way to minimize errors in investment is to align it with macrotrends. Cybersecurity is one such trend as it deals with protecting the vast amount of data generated globally on a daily basis. Fortinet (NASDAQ:FTNT) is a good way to gain exposure to this sector as it combines several aspects I appreciate in a high-quality business: a founder at the helm who is aligned, competitive advantages, strong margins and returns, and low debt. Despite the technical challenges in the sector, I believe they can approach the investment in Fortinet from a less technical and more qualitative perspective.
Business Model
Fortinet, Inc. is one of the leading companies in the cybersecurity sector. It is a technically challenging industry with constant disruption and change. The company provides multiple solutions in the form of software and hardware for its clients. In Q3, the management announced its sales segmentation into Secure Networking, Secure Operations, and Universal SASE. They indicated their intention to expedite the transition of the business to the latter two, as they are cloud-based components. To achieve this, Fortinet has invested significantly in Point of Presence (POPs) infrastructure. A POP is a physical location in a network where devices, users, or services can connect to access other points in the network. According toBarclays Global Technology, Media & Telecommunications Conference, over the past two years, Fortinet has built 30 POPs (with another 35 in progress). Through a partnership with Google, they now have access to 180 new POPs, enabling them to catch up with competitors who typically have between 100 and 200. POPs often refer to facilities that include data centers. Nevertheless, Fortinet's strategy of building their own POPs is beneficial for future cost savings and greater vertical integration, despite the higher current capital expenditure. Additionally, Fortinet manufactures its own ASICs (application-specific integrated circuits), chips created exclusively for Fortinet's hardware and software. This in-house production enhances performance and, in the long run, reduces costs.
Market
Fortinet's Total Addressable Market is enormous, standing at $125 billion. The company's billings in 2023 are projected to reach around $5.3 billion, indicating that Fortinet currently holds only a 4% market share. This is within a highly fragmented market that is experiencing annual growth rates of 10%.
Fortinet combines a business model that sells both software and hardware. Although the hardware segment experiences slower growth and lower margins, it contributes to building an ecosystem. Once a device is installed at a customer's site, cross-selling becomes much easier. They anticipate double-digit growth for the hardware segment in the coming years. Fortinet attributes this expected growth to their superior product in this area, positioning them to gain market share when it's time for competitors' hardware replacements, as they are the largest player in this domain. However, it is highly likely that the services segment will grow at a faster rate, and since it has higher margins, they can anticipate future operational leverage for the company. Within the subscription services, there is the AI product, along with customer support, training, and repairs services.
The slowdown experienced in the Secure Networking segment (which constitutes 70% of sales), especially in the Hardware division, follows an absolute boom post-COVID, during which customers made substantial purchases. Currently, customers are more cautious about their buying decisions, leading to inventory accumulation. However, there is an expectation that inventories will return to normal levels, allowing for the satisfaction of future demand. Given the technological nature of this product, the extent of obsolescence during inventory holding is uncertain. It's worth noting that this segment has still achieved a solid 9% growth, though it previously grew at a rapid pace of 40%. Despite facing a challenging comparison base, the company has managed to maintain a commendable growth rate.
Moreover, it's essential to consider that these cycles typically last two years, implying that they might be at the midpoint of the cycle, and the market could soon start factoring in its conclusion. As illustrated, sales are a lagging indicator, and attention should be directed towards Billings for a more timely assessment.
Management and Capital Allocation
If management by itself is one of the most important aspects of a company, in a sector as disruptive as cybersecurity, investing in a management team they can trust is extremely important. The founders, Ken Xie and Michael Xie, have been with the company since the year 2000, and together they control more than 15% of the outstanding shares. Their interests are fully aligned with the shareholders. Their extensive knowledge of the sector is significant, and their capital allocation strategy has been very effective.
The Net Income to Free Cash Flow conversion is over 100%, thanks to it being a subscription-based business. Most of the free cash flow has been allocated to share buybacks (reducing outstanding shares by -10% over the last 7 years) and some small acquisitions. Stock options represent 5% of sales and 14% of Operating Cash Flow, with a decreasing trend. This is quite favorable for a technology company. The company operates without debt and S&P Global rates Fortinet's credit category as BBB+. 90% of the capital allocated to "innovation" has been invested in research and development, with the remaining portion dedicated to merger and acquisition activities.
Competitive Advantages
In my opinion, the key strength of this company lies in its unified platform, FortiOS (Fortinet Investor Relations Presentation, slide 31), which integrates various products and services rather than creating standalone solutions that are difficult to integrate. This not only generates a network effect but also presents high switching costs for customers, potentially leading to pricing power. The ecosystem created by the company makes it indispensable for the customer.
Financials
Fortinet's financials are impeccable. It has experienced very high double-digit growth in all its figures. For example, sales have grown at a rate of 23.5% (6-year CAGR), while FCF/share has grown at a rate of 63.5% (6-year CAGR), driven by operational leverage and share buybacks. This operational leverage has been due to a significant expansion of margins; for instance, the EBIT margin has increased from 7% in 2017 to an estimated 27% for the fiscal year 2023, although I will provide further commentary on this below. The returns are impressive, with average ROICs exceeding 100% in recent years. They also maintain a net cash position, with only around $1 billion in debt. Lastly, they follow an asset-light business model, where maintenance CAPEX ranges from 2% to 3% of sales.
In the Barclays Conference, management also discussed something about the margins. In the long term, their target is 25%, but the senior vice president mentioned that he wanted the flexibility to invest in marketing, R&D, or whatever was necessary to grow the business without being constrained by the margin. In their models, a 25% margin is feasible, especially as the services segment is expected to grow more than hardware. The 27% margin from last year was attributed to the strength of the dollar, as they invoiced in dollars but paid 70% of their staff in their local currencies (which were depreciated at that time). I always appreciate a management team focused on the long-term sustainability of the business, even if it means impacting current accounting with investments that enhance their competitive advantages.
Valuation
To evaluate Fortinet, I will use a discounted cash flow model, incorporating a discount rate of 10%, a terminal growth rate of 3%, and a free cash flow growth of 15% (historically, it has been 60% CAGR in recent years). With these assumptions, the calculated fair value for Fortinet is $60 per share. If they consider a scenario with higher growth, such as 20%, the fair value would be $85 per share. However, to account for this increased growth, it might be more appropriate to raise the discount rate to 12%, in which case the fair value would be $63. In any case, I believe that Fortinet's stock is undervalued, and that's why I rate the stock as a buy.
Risks
It is worth noting that 57% of total sales come from only three distributors. In the FY21 annual report, it's mentioned that the Exclusive distributor accounted for 31% of sales. This significant concentration not only poses a risk in itself but also raises the consideration that these distributors might resell products from competitors and could be incentivized to favor these competitors in the future, potentially at the expense of Fortinet. Nevertheless, the risk of these distributors severing ties with Fortinet, one of the top companies in the sector, seems remote. It's akin to a sports channel specializing in football, breaking agreements with the Premier League and ceasing to broadcast it. Clearly, it's a lose-lose situation for both parties. Furthermore, another major client would likely seek to absorb this new volume and gain an advantage over others. The situation appears unlikely, despite the increasing customer concentration, as these dynamics are inherent to the sector. For example, Palo Alto Networks also has 50% of its sales with three clients (cybersecurity application providers).
Inventory Risks: The accumulation of hardware devices in inventories may not always be favorable. While it enables the company to meet growing demand when the cycle changes, there is a risk of obsolescence in a rapidly evolving sector. Furthermore, 88% of their hardware is produced in Taiwan, which could be impacted in the event of a future conflict with China. However, the company likely has contingency plans in place to address this potential issue if it arises.
Disruption Risk: Given the rapid emergence and evolution of new threats today, Fortinet has a dedicated department responsible for identifying these emerging threats. They investigate these threats using AI and subsequently develop corresponding mitigations to distribute to subscribed customers. It's noteworthy that customers pay for subscriptions to benefit from these services for a period ranging from 1 to 5 years. Furthermore, thanks to its scale, Fortinet has a very high R&D budget in absolute terms, as well as an extensive customer distribution. All of this is complemented by founders at the helm with deep knowledge of the industry.
Conclusion
In conclusion, I believe Fortinet is a great company for having exposure to the cybersecurity sector. The lack of expertise can be mitigated by placing trust in a well-aligned management team with expertise in the field. Additionally, the fantastic fundamentals and scale provide protection against disruptive threats. The company can also defend itself through the ecosystem it creates by combining software and hardware, even as it increasingly focuses on the more profitable segments of services. Overall, I find the price attractive, and I anticipate satisfactory long-term results.
Fri, 05 Jan 2024 00:40:00 -0600entext/htmlhttps://seekingalpha.com/article/4661330-fortinet-a-nice-way-to-surf-a-macro-trendFortinet, Inc. (FTNT) is Attracting Investor Attention: Here is What You Should KnowNo result found, try new keyword!Fortinet (FTNT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over ...Wed, 03 Jan 2024 00:00:13 -0600en-ustext/htmlhttps://www.msn.com/Fortinet Advances the Industry’s Most Comprehensive Operational Technology Security Platform
SUNNYVALE, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the latest release of new, integrated operational technology (OT) security solutions and services. These additions further distance Fortinet’s industry-leading OT Security Platform from the rest of the market.
“We understand that OT differs significantly from traditional IT systems, and that’s why their OT Security Platform was purpose-built to provide integrated protection and risk management specific to industrial environments,” said John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet. “Rising attacks on critical infrastructure have made OT security more important than ever before. With today’s news, Fortinet continues to empower customers with the most sophisticated OT solutions and intelligence in the industry.”
The Need for Integrated OT-Specific Security The number of industrial devices connected beyond their network boundaries is rapidly increasing, and CISOs now face skyrocketing risks across their OT environments. In fact, Fortinet found that three-fourths of OT organizations reported at least one intrusion in the last year, and nearly one-third reported being victims of a ransomware attack. To solve this challenge, organizations need an integrated security approach designed specifically for industrial solutions that enables policy enforcement across the entire attack surface, consolidates point products, and reduces operational overhead.
Bolstering the Fortinet OT Security Platform with New and Enhanced Offerings The Fortinet OT Security Platform is an integrated portfolio of cybersecurity products, solutions, and security services designed specifically for industrial networks and powered by real-time OT threat intelligence. Because the OT Security Platform is a part of the Fortinet Security Fabric, it empowers customers with deep visibility across their entire environment and securely facilitates IT/OT convergence. The platform also gives organizations the ability to implement a zero-trust model within OT environments, including secure remote access to OT assets and systems for remote employees and contractors.
OT Security Platform updates announced today, which build on improvements unveiled earlier this year, span two key pillars of the Security Fabric:
Secure Networking for OT
The new FortiSwitch Rugged 424F is an industrial-class ethernet switch (IES) designed to address the requirements of digital substations and the power utility industry. The switch supports real-time OT networking protocols and integrates with FortiGate Next-Generation Firewalls (NGFWs) for comprehensive security and access control.
The new FortiAP 432F access point meets Class 1, Division 2 requirements for use in hazardous OT environments. It can segment industrial Wi-Fi networks to prevent attacks from spreading across unprotected devices and systems. This expansion of the IP67-rated access-point line now enables the deployment of additional OT applications in industries such as oil and gas.
The new FortiExtender Vehicle 211F wireless gateway is a semi-ruggedized mobility solution for connected fleets, mobile systems, and OT deployments. It was also designed to meet the requirements of the AT&T FirstNet wireless communications network for first responders.
FortiOS, Fortinet’s operating system, has been updated with the OT View dashboard, which correlates and displays important OT data. This dashboard makes it easy for organizations to understand their entire attack surface—both IT and OT—and take action from a single console.
Security Operations and Services for OT
FortiAnalyzer now includes OT-specific analytics, risk, and compliance reports, providing security operations teams with faster threat detection, asset and vulnerability correlation, and reporting.
FortiNDR, which supports on-premises, cloud, and hybrid deployments, can now analyze more than 15 different OT-network protocols. It also includes AI-powered OT-network behavior analysis to identify malicious network activity and files.
FortiDeceptor, Fortinet’s deception technology for early breach and attack isolation, now supports 30 OT protocols and additional OT decoys to protect diverse industrial environments.
The FortiGuard OT Security Service boasts the industry’s deepest OT threat intelligence database and now covers more than 70 OT protocols and more than 4,000 OT application and device vulnerability signatures. These signatures enable strict access control policies on network traffic and provide virtual patching for vulnerable OT assets.
FortiGuard Outbreak Alerts, an industry-leading cybersecurity resource, now includes critical information about OT-specific threats. This empowers customers with the information they need to harden their systems against new and emerging attacks following the NIST Cyber Security Framework.
"IT and OT are converging and these colliding environments are increasing overall risk. Our clients require robust OT solutions and services without extensive deployments that complicate administration and place additional strain on IT and security teams. Through the Fortinet OT Security Platform, they can provide clients with a unified approach of safeguarding both the carpeted side of a business as well as the concrete side of the business. They eagerly anticipate introducing these updated and novel offerings to their customer community." – Dan Sanderson, VP of Strategy, Cyber Advisors
Additional Resources
Learn more about the Fortinet OT Security Platform and the enhancements announced today.
Watch the video to learn more about how Fortinet delivers cybersecurity for industrial controls and OT environments.
Read about how Fortinet OT customers are securing their organizations.
Learn more about the Fortinet Open Ecosystem and Fabric-Ready Technology Alliance Partner Program.
Learn more about Fortinet’s free cybersecurity training, which includes broad cyber awareness and product training. As part of the Fortinet Training Advancement Agenda (TAA), the Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs.
Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on their blog or YouTube.
About Fortinet
Fortinet (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 they 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.
Margaret Reeb Fortinet, Inc. 408-235-7700 pr@fortinet.com
Peter Salkowski Fortinet, Inc. 408-331-4595 psalkowski@fortinet.com
Brian Greenberg Fortinet, Inc. 408-235-7700 analystrelations@fortinet.com
Sun, 17 Dec 2023 18:59:00 -0600entext/htmlhttps://markets.businessinsider.com/news/stocks/fortinet-advances-the-industry-s-most-comprehensive-operational-technology-security-platform-1032909032Fortinet to Announce Fourth Quarter and Full Year 2023 Financial ResultsNo result found, try new keyword!News Summary Fortinet® (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 ...Tue, 02 Jan 2024 00:00:00 -0600https://www.nasdaq.com/press-release/fortinet-to-announce-fourth-quarter-and-full-year-2023-financial-results-2024-01-02Fortinet's Options Frenzy: What You Need to Know
Deep-pocketed investors have adopted a bullish approach towards Fortinet FTNT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FTNT usually suggests something big is about to happen.
We gleaned this information from their observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Fortinet. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 7 are puts, totaling $814,456, and 9 are calls, amounting to $534,197.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $52.0 to $75.0 for Fortinet over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Fortinet stands at 1639.78, with a total volume reaching 4,073.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Fortinet, situated within the strike price corridor from $52.0 to $75.0, throughout the last 30 days.
Fortinet Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
Symbol
PUT/CALL
Trade Type
Sentiment
Exp. Date
Strike Price
Total Trade Price
Open Interest
Volume
FTNT
PUT
SWEEP
BULLISH
01/17/25
$75.00
$374.1K
1.4K
783
FTNT
PUT
SWEEP
NEUTRAL
01/17/25
$75.00
$122.3K
1.4K
142
FTNT
CALL
SWEEP
BULLISH
12/29/23
$52.00
$108.0K
250
201
FTNT
CALL
TRADE
NEUTRAL
02/16/24
$65.00
$101.1K
678
3
FTNT
PUT
SWEEP
BULLISH
01/17/25
$75.00
$96.0K
1.4K
475
About Fortinet
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
In light of the recent options history for Fortinet, it's now appropriate to focus on the company itself. They aim to explore its current performance.
Present Market Standing of Fortinet
With a trading volume of 4,164,195, the price of FTNT is up by 0.76%, reaching $55.77.
Current RSI values indicate that the stock is may be overbought.
Next earnings report is scheduled for 54 days from now.
Professional Analyst Ratings for Fortinet
2 market experts have recently issued ratings for this stock, with a consensus target price of $53.0.
An analyst from JP Morgan persists with their Neutral rating on Fortinet, maintaining a target price of $56.
An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $50.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Fortinet options trades with real-time alerts from Benzinga Pro.
Wed, 13 Dec 2023 22:46:00 -0600entext/htmlhttps://www.benzinga.com/markets/options/23/12/36243044/fortinets-options-frenzy-what-you-need-to-knowNew AI assistant from Fortinet promises to streamline threat investigation
Cybersecurity firm Fortinet Inc. today announced a new generative artificial intelligence assistant that accelerates threat investigation and remediation.
Called Fortinet Advisor, the new AI service is designed to augment the capabilities of security operations teams. Integrated with Fortinet’s security information and event management service, called FortiSIEM, and security orchestration, automation and response solution, called FortiSOAR, the AI analyzes security incidents and provides easy-to-understand summaries, context and potential impact assessments.
Fortinet Advisor assists in building complex investigation queries and creating efficient remediation plans. In doing so, it significantly reduces the time required for threat detection and response, enhancing the overall efficiency and effectiveness of SecOps teams in managing cybersecurity threats and incidents.
The tool’s integration with FortiSIEM and FortiSOAR is part of Fortinet’s commitment to providing comprehensive cybersecurity solutions. Working within the established framework of these platforms, Fortinet Advisor ensures a seamless workflow for security professionals, allowing them to focus on strategic decision-making rather than getting bogged down by the intricacies of data analysis.
Part of Fortinet’s Security Operations portfolio, the service can help organizations move from a reactive to a proactive security posture and quickly detect and disrupt cyber threats. Fortinet’s Security Operations solutions utilize AI and advanced analytics to identify sophisticated threats early in the kill chain and automate response activity across the Fortinet Security Fabric to speed investigation and remediation.
The new AI is not Fortinet’s first entry into AI, with the company now having a portfolio of more than 40 AI-powered offerings. “We’re excited to build on their legacy as a leader in AI cybersecurity innovation with Fortinet Advisor, which combines Fortinet’s vast intelligence network with the benefits of GenAI to increase security team productivity and speed threat detection and mitigation,” Michael Xie, founder, president and chief technology officer at Fortinet, said ahead of the release.
Fortinet was previously in the news last month when it announced a company restructuring to sharpen its focus on core growth areas after its revenue and outlook fell short in its fiscal third quarter. The plans include leveraging scale, go-to-market capabilities and engineering expertise to focus attention on the fast-growing SASE and security operations markets.
Image: Fortinet
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