Fortinet Remains Fortified by Its Enterprise Presence and Subscription Offerings
No-moat Fortinet reported fourth quarter sales of $507 million as product and service revenue increased by 24% and 20% year over year, respectively. The company's 2018 growth of 20% was inline with our expectations while its 2019 revenue guidance of $2.06-$2.10 billion exceeded our anticipation for next year. We believe Fortinet will continue its strong growth trajectory in the upcoming years, driven by software-defined networking security sales, a shift to enterprise solutions, and its presence...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.
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.
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