Fortinet's Unified SASE platform chosen by KDDI for enhanced security globally

From Nasdaq: 2024-07-11 09:57:00

Fortinet, traded under the ticker symbol FTNT, has been chosen by KDDI for its new Global Managed SASE Service. This partnership will utilize Fortinet’s Unified SASE solution to offer a secure hybrid work environment accessible globally, combining various network services provided by KDDI for enhanced security across applications, networks, and users.

Fortinet’s strong partner base, including giants like Oracle, Microsoft, and Google, is expected to bolster the company’s long-term growth prospects. Partnerships with Oracle, Microsoft, and Google provide comprehensive security solutions for cloud environments, network integration, and multi-layered security for various applications across data centers and cloud-based platforms.

Despite Fortinet’s strong partnerships, its stock performance has lagged behind the Computer and Technology sector’s growth due to uncertain economic conditions impacting customer spending behavior. This cautious environment has prompted cybersecurity investments to be phased out over longer periods, influencing Fortinet’s near-term performance outlook and analysts’ earnings estimates for the coming quarters.

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For further insights and investment recommendations, including analysis on Microsoft Corporation (MSFT), Oracle Corporation (ORCL), Fortinet, Inc. (FTNT), and Alphabet Inc. (GOOGL), individuals can access the full article on Zacks.com and explore potential investment opportunities in the rapidly evolving technology sector.



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