Moody's Ratings affirms Fortinet's Baa1 rating; outlook stable
Moody's Ratings (Moody's) affirmed Fortinet, Inc.'s ("Fortinet") Baa1 senior unsecured debt rating and the (P)Baa1 rating for its senior unsecured shelf and maintained a stable rating outlook. The rating action reflects Fortinet's good long-term growth prospects and a strong financial profile. RAT...Fortinet provides cybersecurity solutions. The company's product offerings consist of its FortiGate product family and its non-FortiGate products. The company's FortiGate hardware and software licenses are sold with a set of security services. These security services are enabled by FortiGuard, which provides threat research and artificial intelligence capabilities from a global cloud network to deliver protection services to each FortiGate appliance. The company's non-FortiGate products include the Fortinet Security Fabric (such as FortiAP, FortiAnalyzer, FortiSwitch and FortiManager), certain cloud security products (such as virtual machines and cloud services) and other products.
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