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    FTNT   US34959E1091

FORTINET, INC.

(FTNT)
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Fortinet Releases Essential Survival Guide for Cyber Leaders

10/19/2021 | 09:00am EST

Fortinet, Inc. announced the release of Fight Fire with Fire: Proactive Cybersecurity Strategies for Today?s Leaders, authored by Renee Tarun, Fortinet?s Deputy CISO, along with fourteen female cybersecurity leaders who have come together to contribute their unique perspectives and learnings from across industries and sectors. The book is the latest effort by Fortinet as part of its Training Advancement Agenda (TAA) initiative to help showcase diversity within the cybersecurity workforce and close the cyber skills gap. Fortinet is committed to closing the cybersecurity skills gap by providing training of all skill levels, connecting professionals to employers, and creating partnerships to bring untapped talent into the cybersecurity profession. Fortinet recently announced a pledge to train 1 million people globally across the next 5 years. According to an (ISC)2 report, in order to fill the cybersecurity skills gap worldwide, 3.12 million professionals are needed. Research also shows that more heterogeneous teams are likely higher performing than their homogenous counterparts. Diversity spanning gender or different educational and professional backgrounds can foster unique perspectives and opinions that can be helpful in combating the complex challenges presented by cybercriminals. It is well documented that security teams around the world struggle to find talent to fill critical roles needed to help combat growing cyber threats. They are also challenged to keep pace with a rapidly evolving threat landscape that is increasingly sophisticated as well as digital transformation which is creating a larger digital attack surface. Meanwhile, traditional security approaches often leave many organizations scrambling to protect their systems and data. As a result, the centrality and importance of the role of cybersecurity leaders has never been more critical, while demands for the cybersecurity profession have become more diverse, business-focused, strategic, and cross-functional. Fight Fire with Fire: Proactive Cybersecurity Strategies for Today?s Leaders explores the evolution of the roles of security leaders and delivers a ?blueprint? to effectively improve cybersecurity across an organization with a three-pronged approach that encompasses people, process, and technology. It provides best practices and sharing of important lessons learned from the front lines to learn how to be proactive and fight cyber fires with fire. From effective risk management to supply chain security and communicating with the board, the book presents first-hand discussions from industry leaders covering every critical competency in information security. Fight Fire with Fire presents discussions from industry leaders covering: The changing role of the CISO?moving from technologist to strategist. CISO responsibilities and requirements, communicating to the board, building a culture of security, and the cyber threat landscape. Cyber risk management, blending NOC and SOC, secure development, compliance, and supply chain risk. Security in the cloud, IoT and edge security, security-driven networking, and achieving end-to-end security. Diversity in cybersecurity: How to address the skills gap and grow a diverse workforce.


© S&P Capital IQ 2021
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Analyst Recommendations on FORTINET, INC.
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Financials (USD)
Sales 2021 3 339 M - -
Net income 2021 581 M - -
Net cash 2021 2 568 M - -
P/E ratio 2021 92,5x
Yield 2021 -
Capitalization 52 719 M 52 719 M -
EV / Sales 2021 15,0x
EV / Sales 2022 12,3x
Nbr of Employees 9 700
Free-Float 81,8%
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Fortinet, Inc. Technical Analysis Chart | FTNT | US34959E1091 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 322,44 $
Average target price 372,85 $
Spread / Average Target 15,6%
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Managers and Directors
Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Keith Franklin Jensen CFO, Chief Accounting Officer & Controller
Phil Quade Chief Information Security Officer
William H. Neukom Lead Independent Director
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