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Fortinet Strengthens Security Fabric Offerings for DTDC

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FortinetFTNT recently expanded its offerings to DTDC Express - a logistics giant of India. Reportedly, DTDC has upgraded its existing FortiGate firewalls for its data center and branch to ensure stringent threat protection for end-to-end shipment tracking.

DTDC already has its 30 global offices and more than 450 branches in India, secured with Fortinet Security Fabric. The upgraded deployment of the platform has enabled identity-based access to DTDC's consignment tracking applications, thus filtering and detecting suspicious activities.

The Fortinet Security Fabric is a platform that facilitates automatic synchronization of different security solutions used by customers and easy management of those solutions through a single platform.

The Fortinet Security Fabric product suite, which includes three generations of FortiGate Firewalls, has been protecting DTDC's network of more than 15,000 users for 12 years.

Security Fabric - A Key Growth Driver

Fortinet is focused on expanding the Security Fabric product suite. Its strong global demand led by digital transformation and security refresh cycle across most industries, is propelling the company to undertake such initiatives. The solid growth in the last reported quarter bears testimony to the fact.

In the last reported quarter, revenues increased 21% year over year to $453.9 million driven by strength in overall product suite of Security Fabric.

Moreover, last month, Fortinet announced three more key customers in its Fabric-Ready Partner program - RAD, Indegy and SecurityMatters - further enhancing the security solutions available to operational technology customers through the Fortinet Security Fabric.

In the same month, the company added some key capabilities into the Security Fabric platform to enhance security management in hybrid environments.

As part of the new initiatives, Fortinet joined Amazon's AMZN AWS Consulting Partner Private Offer ecosystem, which will enable the company to be natively rooted in the new AWS selling process and enable it to accelerate customers' journey to the cloud.

Moreover, the company recently announced that more than 50 solutions in the Security Fabric suite have been approved by Department of Defense Information Network.

In October, Fortinet acquired the threat analytics company - ZoneFox - that strengthened the Security Fabric platform.

Driven by such efforts and strong reliability among its clients and partners, Fortinet has recorded an average return of 71% year to date, outperforming the industry 's rally of 25.8%.

Zacks Rank & Stocks to Consider

Fortinet currently has a Zacks Rank #3 (Hold).

A couple of better-ranked stocks in the broader Computer and Technology sector are CACI International, Inc. CACI and Stratasys, Ltd. SSYS , each flaunting 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 CACI and Stratasys is projected to be 10% and 15.75%, respectively.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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