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4-Traders Homepage  >  Equities  >  Nasdaq  >  Fortinet Inc    FTNT

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Fortinet, Inc. : Fortinet Wins Network World Asia's Information Management Award for Virtualization Security

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06/06/2012 | 04:10pm CEST

SUNNYVALE, Calif., June 6, 2012 - Fortinet® (NASDAQ: FTNT) ? a world leader in high-performance network security ? today announced that it has won the 2012 Network World Asia (NWA) Information Management Award in the category of Virtualization Security. Fortinet's solutions were voted as the industry's best by NWA editors and 100 Asia Pacific CIOs and IT leaders. The award ceremony was held in Singapore on June 5.

"The innovation that Fortinet has achieved in the realm of virtualization security stands out from the competition," said Victor Ng, Southeast Asia Bureau Chief for Network World Asia. "We are therefore pleased that they won this inaugural NWA award, which celebrates the major advances technology vendors have made in the field of security, storage and data management over the years."

The NWA Information Management Awards is conducted by the Questex Media group, which owns NWA, Security Asia and Storage Asia. After a first round of judging by the publications' editors, prospective award nominees in 25 categories were sent to the 100 Asia Pacific CIOs and IT leaders for final judging. Judging criteria used by everyone included reputation of vendor in the marketplace; features of the solutions; market acceptance of the technology and brand; users' feedback on the solution/deployment; and the solutions' durability, scalability and quality of service.

"Virtualization security will become crucial for enterprises in the future, and Fortinet is proud that our mature solutions in this area are being recognised," said George Chang, Regional Director for Southeast Asia and Hong Kong for Fortinet. "We will continue to innovate to help businesses better control their IT infrastructure and protect their information assets and do so while optimising performance, simplifying management and reducing costs."

Fortinet has two categories of virtualization security solutions ? virtual appliances and virtualized applications.

Virtual appliance versions of Fortinet's main product line are available to allow customers who have embraced virtual environments to continue to rely on the company's proven security solutions to protect their network. Using Fortinet's virtual or physical appliances, organizations can also virtually segment their network into multi-tenant environments. In fact, Fortinet has offered virtual domains and administrative domains for several years in many of its products, supporting customers who wish to create virtual environments to support multi-tenant environments (such as service providers and telecommunications carriers) or segmented environments to better control data access and egress within their environment. Fortinet has been highly successful in the telco market with security virtualization and was a pioneer in enabling virtualized domains and administrative domains for global carriers.

This is the eighth industry award Fortinet and its products have won this year. In February, the FortiGate-60C won the "Best UTM Security" award at SC Magazine's Reader's Trust awards. In May, the FortiGate-300C won "Best Integrated Security Solution" at SC Awards Europe 2012; the company won "Information Security Company of the Year" at SC Congress Canada 2012; the FortiGate-5140B and FortiGate-1000C won "Best Firewall" and "Integrated Security" respectively at Network Products Guide's 7th Annual 2012 Hot Companies and Best Products Awards; FortiClient won its 25th "Virus Bulletin VB100" award based on the software's detection rates and stability and FortiMail earned its 18th consecutive Virus Bulletin award based on its high spam catch rate and zero false positives in the newsletter samples test.

For more information on Fortinet's virtualization security solutions, please visit http://www.fortinet.com/solutions/virtual_security.

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Financials ($)
Sales 2016 1 262 M
EBIT 2016 169 M
Net income 2016 14,4 M
Finance 2016 380 M
Yield 2016 -
P/E ratio 2016 322,44
P/E ratio 2017 131,22
EV / Sales 2016 3,83x
EV / Sales 2017 2,94x
Capitalization 5 212 M
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Average target price 36,3 $
Spread / Average Target 20%
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Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Andrew H. Del Matto Chief Financial Officer
Christopher B. Paisley Lead Independent Director
William H. Neukom Independent Director
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