Report
Mark Cash
EUR 100.00 For Business Accounts Only

Fortified by Its Enterprise Presence and Subscription Offerings; Raising Fortinet FVE to $87

Fortinet's growing presence in the enterprise space is buttressed by its leadership position in the SMB-focused unified threat management appliance market. Its product entrenchment and consolidated security platform, offering a variety of subscriptions, have cemented customer switching costs, leading us to increase our economic moat rating to narrow from none. We are supporters of Fortinet selling higher-end products alongside its subscriptions to combat hybrid-cloud security concerns, and we ha...
Underlying
Fortinet Inc.

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Cash

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