Fortinet Inc (FTNT)

The Cryptographic Migration Calendar Just Got Real: Inside the Tooling Gap That QSE Just ClosedMay 14, 2026 11:15 AM
PR Newswire (US) Issued on behalf of QSE — Quantum Secure Encryption Corp.From NIST FIPS standards to NSA's CNSA 2.0 framework to municipal pilot programs — QPA v2 lands at the operational gap between regulatory deadline and enterprise executionVANCOUVER, BC, May 14, 2026 /PRNewswire/ -- Equity Insider News Commentary — Regulatory deadlines have a way of clarifying conversations that have meandered for years. The post-quantum cryptography conversation is one of them. For most of the last decade, "quantum risk" was a category the largest enterprises and government agencies acknowledged in strategy documents but kept several quarters away from any operational workstream. Then, in August 2024, the National Institute of Standards and Technology finalized the first three post-quantum cryptography standards — FIPS 203, 204, and 205 — and the conversation changed.[1] What had been a forecasting exercise became a compliance calendar. The compliance calendar is now precise. The NSA's CNSA 2.0 framework, scheduled to take effect in January 2027, requires all new national security systems to implement quantum-safe algorithms. By 2030, all custom and legacy applications must be migrated. By 2035, the entire cryptographic infrastructure of every system touching national security must be quantum-resilient, with no exceptions written into the framework.[1] Boston Consulting Group's 2025 assessment of the migration trajectory was direct: starting in 2030 will already be too late, given the asset-by-asset, certificate-by-certificate, protocol-by-protocol enumeration that any credible enterprise migration requires.[1] Google, in February 2026, joined the chorus of voices urging governments and industry to "prepare now."[1]The standards exist. The deadlines are set. Until very recently, the missing piece has been the enterprise tooling needed to actually plan, assess, and execute a post-quantum migration across thousands of cryptographic dependencies spanning software, hardware, certificates, keys, and protocols. The gap has been operational rather than theoretical — every CISO knows quantum risk is real; the question has been how to translate that knowledge into a budgeted, sequenced, governed program of work that can be executed across complex enterprise environments while business continues to run.[1]QSE — Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) on March 31, 2026 announced the official launch of QPA v2 — its enterprise post-quantum cryptographic migration platform — directly addressing that operational gap.[2] The launch is the culmination of a Q1 2026 sequence of platform and engagement milestones that, viewed together, describe a company shifting from awareness-building into execution support across the enterprise and public-sector tiers.QPA v2 turns what has traditionally been a fragmented, manual process — assessing cryptographic posture across a complex enterprise environment — into a structured, data-driven workflow with real-time visibility into quantum readiness, risk levels, and migration progress.[2] The platform introduces a PQC Planning Wizard supporting governance design, budgeting, timelines, and migration strategy development; AI-enhanced assessment modules that evaluate cryptographic posture and compliance readiness; integrated inventory analysis covering software, hardware, and cryptographic components and identifying risk exposure across complex environments; and a centralized executive dashboard providing real-time visibility into quantum readiness, risk levels, and migration progress across the organization.[2] The Company indicated QPA v2 is already live with both current and prospective clients.[3]Review the complete profile on QSE here
 The platform launch followed a clear ramp through the early months of 2026. On February 19, 2026, the Company formalized its enterprise post-quantum migration methodology through the Quantum Preparedness Platform. On February 24, the Company strengthened its post-quantum infrastructure with entropy-enabled Single Sign-On and government-aligned migration integration. On March 10, QSE expanded its global footprint to 13 countries, with continued commercial growth highlighted in the corporate update. On March 12, the Company announced participation in several major international cybersecurity and post-quantum security conferences across North America, Europe, and the Asia-Pacific region throughout 2026 — expanding engagement with global industry, government, and enterprise stakeholders preparing for the transition to post-quantum cryptographic standards.[4] On March 18, QSE announced its first municipal government post-quantum security pilot through engagement with MISA (Municipal Information Systems) — an early signal of public-sector engagement that has consistently been one of the harder customer segments for enterprise cybersecurity tooling to penetrate.[4]On April 7, 2026, the Company announced the grant of stock options to purchase up to 2,600,000 common shares to its directors, officers, employees, and consultants, exercisable at $0.40 per share with a five-year term — an incentive structure aligned with the multi-year migration calendar that QPA v2 is built to support.[5]The economic backdrop to the QSE platform launch has continued to widen. The global post-quantum cryptography market has been projected to reach approximately US$17.69 billion by 2034, with annual global cybercrime costs projected to hit US$10.5 trillion in 2026 and the broader zero-trust security market projected to balloon past US$73 billion by 2032 as enterprises scramble for identity-centric defense.[6] The convergence of regulatory deadlines, advancing quantum computing capability, and rising threat exposure has positioned organizations that can deliver practical, implementation-ready post-quantum migration tooling at the center of one of the more consequential infrastructure cycles of the decade.Around the same window QSE was advancing QPA v2 into its first deployments, the broader cybersecurity infrastructure stack continued to deliver the contract and revenue signals that frame the market QSE's tooling is positioned to plug into.CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has continued to expand its Falcon platform as one of the leading endpoint and cloud security stacks at large enterprises and government agencies — a customer footprint that overlaps materially with the organizations now facing the most complex post-quantum migration timelines. The integration of endpoint detection and response with cryptographic asset management represents a natural adjacency for the kind of cryptographic-posture visibility QPA v2 is designed to deliver across the same customer environments.Palo Alto Networks, Inc. (NASDAQ: PANW) has continued to expand the Cortex and Strata product families, with Prisma Cloud increasingly providing one of the more comprehensive cloud security platforms in the public-cloud universe. As enterprises consolidate cybersecurity onto fewer, larger platforms, the operational layering of cryptographic governance — including post-quantum readiness assessment — into existing security platforms has become a structural opportunity for purpose-built tools at the migration-planning layer.Fortinet, Inc. (NASDAQ: FTNT), one of the largest network-security platform vendors in the public markets, has continued to invest in its Security Fabric architecture and FortiAI-enabled capabilities through 2026. The trajectory of large network-security vendor consolidation is a relevant adjacency for the QPA v2 platform thesis: as encryption is increasingly governed at the network and identity layer, the cryptographic inventory and assessment capabilities QSE has built become integration points across the network-security stack rather than standalone tooling.Zscaler, Inc. (NASDAQ: ZS), the zero-trust cloud security platform, has continued to drive the architectural shift from perimeter-based security toward identity-centric, zero-trust architectures. The zero-trust trajectory creates a natural fit with post-quantum migration: the cryptographic certificates, keys, and protocols underpinning zero-trust workflows are exactly the assets that must be inventoried, assessed, and migrated under the CNSA 2.0 timeline — the workflow QPA v2 is built to manage.For QSE, the broader-stack context provides the customer environment within which QPA v2 will operate. The Company's CEO and the Q1 2026 corporate sequence have framed the platform as a layer designed to plug into the cybersecurity infrastructure enterprises already run — not to replace it, but to govern the cryptographic transition that the existing infrastructure cannot, on its own, plan or execute. As the regulatory deadlines move forward and the migration window narrows, that positioning has continued to attract attention.Read more about QSE — Quantum Secure Encryption Corp. at: https://equity-insider.com/qse-landingCONTACT:Equity Insider, editor @acblanke1SOURCES:PRNewswire / Cantech Letter — "Quantum Secure Encryption Corp. announces official launch of QPA v2, its enterprise post-quantum cryptographic migration platform," April 6, 2026, https://www.cantechletter.com/newswires/quantum-secure-encryption-corp-announces-official-launch-of-qpa-v2-its-enterprise-post-quantum-cryptographic-migration-platform/QSE — Quantum Secure Encryption Corp. — "QSE Launches QPA v2, Its Enterprise Post-Quantum Cryptographic Migration Platform," Newsfile Corp., March 31, 2026.The Quantum Insider — "Quantum Secure Encryption Corp. Launches QPA v2 for Post-Quantum Migration," April 7, 2026, https://thequantuminsider.com/2026/04/07/quantum-secure-encryption-qpa-v2-launch/QSE — Quantum Secure Encryption Corp. — Q1 2026 corporate news releases (Feb 19, Feb 24, Mar 10, Mar 12, Mar 18, 2026).QSE — Quantum Secure Encryption Corp. — "QSE Grants Stock Options," Newsfile Corp., April 7, 2026.USA News Group — "The Q-Day Gold Rush: Why This $30B Tech Shift is the Next Defensive Supercycle," GlobeNewswire, January 8, 2026, https://www.globenewswire.com/news-release/2026/01/08/3215695/0/en/The-Q-Day-Gold-Rush-Why-This-30B-Tech-Shift-is-the-Next-Defensive-Supercycle.htmlDISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee directly by QSE — Quantum Secure Encryption Corp. for advertising and digital media (compensation term expired); MIQ expects future compensation for ongoing digital media services. MIQ owns shares of QSE — Quantum Secure Encryption Corp. acquired both through private placement and through the open market and reserves the right to buy and sell shares at any time without further notice commencing immediately and ongoing. This article is being distributed for MIQ. There may also be 3rd parties who may have shares of QSE — Quantum Secure Encryption Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Let this disclaimer serve as notice that all material, including this article, has been approved by QSE — Quantum Secure Encryption Corp.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo - https://mma.prnewswire.com/media/2840019/5969816/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/the-cryptographic-migration-calendar-just-got-real-inside-the-tooling-gap-that-qse-just-closed-302771661.html Original: The Cryptographic Migration Calendar Just Got Real: Inside the Tooling Gap That QSE Just Closed

Fortinet (FTNT) shares jump after strong Q1 results and higher full-year outlookMay 7, 2026 7:09 AM
IH Market News Fortinet Inc. (NASDAQ:FTNT) surged 12.33% in premarket trading Thursday after reporting first-quarter results that exceeded Wall Street expectations and raising its guidance for the year.The cybersecurity company benefited from broad-based demand across its product portfolio and geographic markets. Earnings, revenue and billings beat expectations Fortinet posted adjusted earnings of $0.82 per share, surpassing the analyst consensus estimate of $0.62 by $0.20.Revenue climbed 20% year-over-year to $1.85 billion, ahead of expectations of $1.73 billion.Product revenue jumped 41% from the prior year to $645 million, while billings increased 31% to $2.09 billion.“We are very pleased with our excellent first quarter results, exceeding the high end of our guidance through strong execution and broad-based demand across our portfolio and geographies,” said Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet. Company raises second-quarter and full-year guidance For the second quarter of 2026, Fortinet expects revenue between $1.83 billion and $1.93 billion. The midpoint of $1.88 billion is above the analyst consensus estimate of $1.82 billion.The company also projected adjusted earnings per share in the range of $0.72 to $0.76, compared with analyst expectations of $0.70 per share.Fortinet increased its full-year fiscal 2026 revenue forecast to between $7.71 billion and $7.87 billion, representing approximately 15% year-over-year growth at the midpoint.The updated midpoint of $7.79 billion exceeded the consensus estimate of $7.6 billion.Full-year adjusted earnings guidance of $3.10 to $3.16 per share also came in ahead of the analyst estimate of $2.98. Cash flow and margins reach record levels During the quarter, Fortinet generated record operating cash flow of $1.08 billion and free cash flow of $1.01 billion.GAAP operating margin reached 31%, while adjusted operating margin came in at 36%. Analysts point to AI demand and pricing actions Analysts at Jefferies, led by Joseph Gallo, said the company’s significantly improved 2026 outlook compared with the previous quarter is likely to raise questions among bearish investors regarding potential pull-forward demand benefits.However, they noted that accelerating service billings growth, increasing AI data center demand, and another planned price increase aimed at offsetting higher memory costs should continue supporting business momentum.“FTNT is giving customers the same lead time of 30 days to honor quotes it did with the first increase meaning that the benefit from the 2nd price increase will not truly benefit growth until 3Q,” they added. More about Fortinet Fortinet is a cybersecurity company specializing in network security, firewall solutions, cloud security, and AI-driven threat protection. Its products and services are used by enterprises, governments, and service providers to secure networks, data centers, cloud environments, and connected devices worldwide.Fortinet stock price Original: Fortinet (FTNT) shares jump after strong Q1 results and higher full-year outlook

Fortinet shares jump after strong Q1 results and higher full-year outlookMay 7, 2026 7:09 AM
IH Market News Fortinet Inc. (NASDAQ:FTNT) surged 12.33% in premarket trading Thursday after reporting first-quarter results that exceeded Wall Street expectations and raising its guidance for the year.The cybersecurity company benefited from broad-based demand across its product portfolio and geographic markets. Earnings, revenue and billings beat expectations Fortinet posted adjusted earnings of $0.82 per share, surpassing the analyst consensus estimate of $0.62 by $0.20.Revenue climbed 20% year-over-year to $1.85 billion, ahead of expectations of $1.73 billion.Product revenue jumped 41% from the prior year to $645 million, while billings increased 31% to $2.09 billion.“We are very pleased with our excellent first quarter results, exceeding the high end of our guidance through strong execution and broad-based demand across our portfolio and geographies,” said Ken Xie, Founder, Chairman and Chief Executive Officer of Fortinet. Company raises second-quarter and full-year guidance For the second quarter of 2026, Fortinet expects revenue between $1.83 billion and $1.93 billion. The midpoint of $1.88 billion is above the analyst consensus estimate of $1.82 billion.The company also projected adjusted earnings per share in the range of $0.72 to $0.76, compared with analyst expectations of $0.70 per share.Fortinet increased its full-year fiscal 2026 revenue forecast to between $7.71 billion and $7.87 billion, representing approximately 15% year-over-year growth at the midpoint.The updated midpoint of $7.79 billion exceeded the consensus estimate of $7.6 billion.Full-year adjusted earnings guidance of $3.10 to $3.16 per share also came in ahead of the analyst estimate of $2.98. Cash flow and margins reach record levels During the quarter, Fortinet generated record operating cash flow of $1.08 billion and free cash flow of $1.01 billion.GAAP operating margin reached 31%, while adjusted operating margin came in at 36%. Analysts point to AI demand and pricing actions Analysts at Jefferies, led by Joseph Gallo, said the company’s significantly improved 2026 outlook compared with the previous quarter is likely to raise questions among bearish investors regarding potential pull-forward demand benefits.However, they noted that accelerating service billings growth, increasing AI data center demand, and another planned price increase aimed at offsetting higher memory costs should continue supporting business momentum.“FTNT is giving customers the same lead time of 30 days to honor quotes it did with the first increase meaning that the benefit from the 2nd price increase will not truly benefit growth until 3Q,” they added. More about Fortinet Fortinet is a cybersecurity company specializing in network security, firewall solutions, cloud security, and AI-driven threat protection. Its products and services are used by enterprises, governments, and service providers to secure networks, data centers, cloud environments, and connected devices worldwide.Fortinet stock price Original: Fortinet shares jump after strong Q1 results and higher full-year outlook

AI-Driven Risks Accelerate Enterprise Encryption OverhaulApril 10, 2026 9:00 AM
PR Newswire (US)

Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, April 10, 2026 /PRNewswire/ -- USANewsGroup.com News Commentary — The most powerful cyber weapon ever built was exposed by a rookie mistake. In late March, a basic configuration error at Anthropic leaked internal documents revealing Claude Mythos[1], a frontier AI model that can autonomously find and exploit zero-day vulnerabilities across every major operating system and browser. The cybersecurity sector dropped hard[2]: CrowdStrike fell 7%, Fortinet lost 3%, and the Global X Cybersecurity ETF hit its lowest point since late 2023. On April 7, Anthropic launched Project Glasswing, handing restricted Mythos access to a defensive coalition of 40+ organizations to patch critical software before adversaries develop similar capabilities. That structural shift now places Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Fortinet (NASDAQ: FTNT), Datadog (NASDAQ: DDOG), CrowdStrike (NASDAQ: CRWD), and Varonis Systems (NASDAQ: VRNS) at the center of an operational emergency that spans post-quantum migration, AI-native defense, and cryptographic modernization.







Forrester's March 2026 report concluded that fault-tolerant quantum computing and Q-Day are now plausible by 2030, compressing what was once a generational planning exercise into a five-year execution window[3]. The Global Risk Institute's 2026 Quantum Threat Timeline now places the probability of a cryptographically relevant quantum computer emerging within ten years between 28% and 49%, the highest estimate in the report's seven-year history, reinforcing why quantum-resilient encryption infrastructure and AI-native defense platforms represent the primary value drivers for the 2026 spending cycle[4].Quantum Secure Encryption (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) just launched QPA v2, an enterprise platform that helps large organizations find the weak spots in their encryption and build a clear plan to upgrade before quantum computing turns those weak spots into open doors.The Vancouver-based company says QPA v2 moves the conversation from "we know there's a problem" to "here's how we fix it." The platform includes a planning wizard for governance, budgets, and migration timelines, AI-powered modules that evaluate how ready an organization's cryptography actually is, and inventory tools that scan software, hardware, and encryption components to flag what needs replacing. An executive dashboard pulls it all together, giving leadership real-time visibility into risk levels and upgrade progress. QSE says the platform is already live and in use with both existing and prospective clients."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."That shift into execution has been building since late 2025. QSE recently secured its first municipal government pilot for post-quantum cybersecurity through its membership in MISA (Municipal Information Systems Association), a national network connecting Canadian municipalities with new technology. The participating municipality is using QPA to identify which of its systems rely on encryption that future quantum computers could break, and to start planning upgrades now. QSE noted it is already in conversations with additional municipalities exploring similar assessments.Since November 2025, QSE has expanded from four to thirteen operational markets worldwide, with eleven value-added distributors now active and two more partnerships expected to close shortly. The company also joined CADSI (Canadian Association of Defence and Security Industries), opening pathways into Canadian defence and public-sector procurement.QPA v2 integrates with QSE's broader product suite, including its quantum-resilient key infrastructure, QAuth identity platform, and encrypted storage solutions. QSE is a Canadian post-quantum security company building tools to help organizations protect sensitive data from the next generation of cyberattacks that quantum computing is expected to enable, targeting commercial, enterprise, and government clients preparing for a fundamental shift in how encryption works.CONTINUED… Read this and more on QSE at: All the information on Quantum Secure Encryption can be seen hereOther industry developments and happenings in the market include:Fortinet (NASDAQ: FTNT) recently announced major innovations across its Security Operations Platform at Fortinet Accelerate 2026, including a preview of FortiSOC, expanded agentic AI capabilities, and endpoint security enhancements delivered through FortiEndpoint. The company is consolidating core SOC functions spanning log ingestion, correlation, automation, case management, and behavioral analytics into a single cloud-delivered service built on a unified data model that integrates telemetry from both Fortinet and third-party environments.FortiSOC brings together FortiAnalyzer, FortiSIEM, FortiSOAR, and FortiTIP into one integrated platform, while FortiAI expansions introduce agentic workflows that automate alert triage, threat hunting, and investigation continuity across the kill chain. FortiEndpoint advances the endpoint security layer by unifying ZTNA, SASE, EPP, EDR, and DLP under a single agent, reducing operational sprawl and adding FortiAI-powered visibility to detect and govern AI application usage. FortiGuard SOC-as-a-Service also received enhancements, extending multivendor monitoring with FortiNDR and FortiCNAPP telemetry to strengthen detection fidelity across hybrid environments. Together, these updates position Fortinet to help security teams reduce complexity and defend against AI-driven threats at scale.Datadog (NASDAQ: DDOG) announced the general availability of Bits AI Security Analyst, an AI agent built into Datadog Cloud SIEM that reduces threat investigations from hours to as little as 30 seconds, cutting mean-time-to-resolution by more than 90%. The solution pairs senior SOC analyst expertise with machine-scale speed, enabling autonomous alert triage, evidence gathering, and verdict delivery across cloud, identity, and endpoint data sources that would be unachievable by human analysts alone."Traditional SIEMs are leaving enterprises increasingly exposed because queues keep growing and investigations take longer to correlate and enrich context. On top of this, you have security talent shortages," said Tim Knudsen, Vice President of Security Products at Datadog. "Datadog Cloud SIEM with Bits AI Security Analyst solves this problem by autonomously investigating alerts, and leveraging security and observability signals to deliver accurate, fully explained verdicts that dramatically reduce remediation times."One in four Fortune 500 companies rely on Datadog Security to detect, prioritize, and remediate threats, positioning the platform as a trusted enterprise partner as GenAI-powered attacks grow more sophisticated. The company continues expanding its Cloud SIEM capabilities with thousands of integrations and enterprise-grade controls including role-based access management.CrowdStrike (NASDAQ: CRWD) has expanded its strategic partnership with HCLTech through the launch of Continuous Threat Exposure Management services, combining adversary intelligence with AI-driven threat detection to deliver real-time exposure prioritization across endpoints, cloud, identity, applications, and data. Powered by the AI-native Falcon platform and patented ExPRT.AI, the offering uses agentic innovation to identify and prioritize vulnerabilities most likely to be exploited based on real-world attack paths and adversary activity."Falcon Exposure Management gives organizations the real-time visibility and AI-driven insights they need to reduce and prioritize risk at scale," said Daniel Bernard, Chief Business Officer of CrowdStrike. "HCLTech's services expertise makes them the right partner to deliver this capability to customers globally. Together, we're helping security teams move faster, consolidate operations, and stay ahead of adversaries."The expanded partnership positions CrowdStrike to accelerate enterprise adoption of its platform by operationalizing prioritized threat insights at scale through a structured remediation framework, continuously reducing attack surface risk across global enterprises. As a recognized leader in cloud-native cybersecurity, the company continues to deepen its ecosystem of service delivery partners to extend Falcon platform capabilities to security teams worldwide.Varonis Systems (NASDAQ: VRNS) launched Atlas, an end-to-end AI Security Platform giving organizations complete visibility and control over AI systems they build and run, including hosted AI platforms, custom LLMs, agentic frameworks, chatbots, and embedded AI. Atlas covers the full AI security lifecycle from discovery and posture management to runtime protection and compliance in a single solution."AI completely disrupts the enterprise security model. Instead of humans clicking through UIs, agents are accessing data directly — and this places data and AI security front and center," said Yaki Faitelson, CEO and co-founder of Varonis Systems. "If you can't continuously discover, assess, and secure agents and LLMs, you can't use AI at scale. Varonis Atlas gives organizations the fastest path to safe and trustworthy AI."Atlas is available today with a free trial offering full access to AI inventory, posture management, security testing, runtime guardrails, and compliance reporting. Through integrations with the Varonis Data Security Platform, Atlas delivers data context that standalone AI security tools cannot match, positioning the company to serve thousands of organizations worldwide seeking to adopt AI while reducing data exposure and stopping AI-powered threats.FURTHER READING: Read more about Quantum Secure Encryption hereCONTACT:USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://techcrunch.com/2026/04/07/anthropic-mythos-ai-model-preview-security/ https://www.cnbc.com/2026/03/27/anthropic-cybersecurity-stocks-ai-mythos.html https://www.forrester.com/blogs/practical-quantum-computing-by-2030-is-likely-and-so-is-q-day/ https://postquantum.com/security-pqc/quantum-threat-timeline-report-2025/ Logo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg



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Original: AI-Driven Risks Accelerate Enterprise Encryption Overhaul

The $15 Billion Post-Quantum Migration: NIST Standards Are Final, NSA Deadlines Are Set, and Enterprise Cybersecurity Is About to Be Rebuilt from the Ground UpMarch 31, 2026 6:27 PM
PR Newswire (US)

QSE, FTNT, IONQ, and ZS as the Post-Quantum Transition Reshapes the Global Cybersecurity LandscapeIssued on behalf of QSE — Quantum Secure Encryption Corp.Companies mentioned in this article: QSE — Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Fortinet Inc. (Nasdaq: FTNT), IonQ Inc. (NYSE: IONQ), Zscaler Inc. (Nasdaq: ZS)Key Takeaways:NIST finalized the first three post-quantum cryptography standards (FIPS 203, 204, 205) in August 2024, ending an eight-year global evaluation process and triggering the largest mandated cryptographic migration in history.The NSA's CNSA 2.0 framework requires quantum-safe algorithms for all new national security systems by January 2027, full application migration by 2030, and complete infrastructure migration by 2035 — with compliance cascading through defense contractors, federal agencies, and regulated industries.QSE — Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) launched QPA v2, an enterprise post-quantum cryptographic migration platform, featuring AI-enhanced assessment, cryptographic inventory analysis, a PQC Planning Wizard, and real-time executive dashboards — already live and in use by clients.The "harvest now, decrypt later" threat is active: adversaries are already capturing encrypted data at scale, banking on future quantum decryption capability. Google called for urgent preparation in February 2026 and the Boston Consulting Group warned that "starting in 2030 will already be too late."VANCOUVER, BC, March 31, 2026 /PRNewswire/ -- AmericanNewsGroup.com News Commentary — The cybersecurity industry is approaching a structural inflection point that will dwarf every previous security upgrade cycle. Every RSA key, every ECC certificate, every TLS handshake, every VPN tunnel, every digitally signed document, every encrypted database — all of it was built on mathematics that quantum computers will break. Not might break. Will break. The only question is when, and the consensus timeline is compressing rapidly.Industry analysts project the post-quantum cryptography market will exceed $15 billion by 2030 as governments and enterprises execute mandated migration timelines. Organizations are expected to budget 2—5% of annual IT security spend over a four-year migration window. For a global cybersecurity market that already exceeds $200 billion annually, PQC migration represents the largest infrastructure refresh cycle since the Y2K remediation — except this time, the consequences of failure are permanent: compromised data cannot be un-stolen.The challenge is not the algorithms. NIST solved that. The challenge is execution — inventorying every cryptographic dependency across an enterprise, assessing risk exposure, planning migration sequencing, managing governance and compliance, and tracking progress across thousands of systems. That operational challenge is where the market opportunity lives, and it's where one company just launched the platform designed to own it.QSE Launches Enterprise Migration Platform with QPA v2QSE — Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) announced the launch of QPA v2, its enterprise post-quantum cryptographic migration platform, on March 31, 2026. The platform provides organizations with a comprehensive framework to evaluate, plan, and manage post-quantum cryptographic readiness across multiple dimensions.QPA v2's capabilities span the full migration lifecycle: a structured PQC Planning Wizard for governance design, budgeting, timelines, and strategy development; AI-enhanced assessment modules for evaluating cryptographic posture and compliance readiness; integrated inventory analysis covering software, hardware, and cryptographic components; a centralized executive dashboard for real-time visibility into quantum readiness and risk levels; and integrated reporting tools supporting governance, audit, and decision-making."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."The platform integrates with QSE's broader security ecosystem, including qREK quantum-resilient key infrastructure, QAuth identity and authentication platform, and decentralized encrypted storage — creating a full-stack approach to cryptographic resilience that extends from migration planning through long-term operational security.CONTINUED… Read this and more on QSE at: AmericanNewsGroup.comIn other industry developments:Fortinet (Nasdaq: FTNT) — Network Security Giant Faces the PQC Infrastructure ChallengeFortinet reported fiscal year 2024 revenue of approximately $5.96 billion with fiscal 2025 on track to exceed $6.7 billion, driven by its unified threat management and next-generation firewall platforms deployed across enterprise, service provider, and government environments. The company is the largest network security appliance vendor by unit volume globally. But Fortinet's core products protect network perimeters — firewalls, VPNs, intrusion prevention — all of which rely on cryptographic protocols that will need to be migrated to quantum-safe standards. Every Fortinet VPN tunnel running IPsec with RSA or ECDH key exchange will eventually require PQC migration. The scale of this challenge across Fortinet's installed base alone illustrates why purpose-built migration platforms like QSE's QPA v2 will be essential.IonQ (NYSE: IONQ) — The Quantum Computing Leader Making the Threat RealIonQ is the most prominent publicly traded pure-play quantum computing company, developing trapped-ion processors accessible through AWS, Azure, and Google Cloud. The company's $1.8 billion acquisition of SkyWater Technology in January 2026 represents a push toward vertical integration and manufacturing scale. IonQ's acquisition of ID Quantique — a pioneer in commercial quantum key distribution — brings quantum cryptography directly into its portfolio. Every advance IonQ makes in quantum computing capability compresses the timeline for when current encryption standards will break — and accelerates the urgency for enterprise PQC migration platforms like QPA v2.Zscaler (Nasdaq: ZS) — Zero-Trust Architecture Meets the Quantum DeadlineZscaler reported over $3 billion in annual recurring revenue, growing more than 25% year-over-year, as enterprises continue adopting its cloud-native zero-trust security platform. Zscaler's architecture eliminates traditional network perimeters in favor of identity-based access controls — but those controls still rely on classical cryptographic protocols for authentication, key exchange, and session encryption. As NIST and the NSA mandate PQC migration for federal systems and their supply chains, every zero-trust platform will need to integrate quantum-safe cryptography. The companies providing the assessment and migration tooling to facilitate that transition will sit at the center of the next cybersecurity spending cycle.The post-quantum migration is not optional. NIST finalized the standards. The NSA set the deadlines. The "harvest now, decrypt later" threat is active today. The market to migrate global enterprise cryptographic infrastructure is projected to exceed $15 billion by 2030 — and most organizations haven't started because the tooling didn't exist. QSE — Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) just changed that with QPA v2. The platform is live. The migration starts now.For more information on QSE — Quantum Secure Encryption Corp. (CSE: QSE | OTCQB: QSEGF | FSE: VN8), visit AmericanNewsGroup.comArticle Source: https://usanewsgroup.com/qse-profile/ CONTACT:AMERICAN NEWS GROUP
info @acblanke1Sources:[1] NIST, 'Post-Quantum Cryptography FIPS Approved,' August 13, 2024. https://csrc.nist.gov/news/2024/postquantum-cryptography-fips-approved
[2] NSA, 'Commercial National Security Algorithm Suite 2.0 (CNSA 2.0),' September 2022.
[3] Google, public statement on quantum-era cybersecurity preparedness, February 2026.
[4] Boston Consulting Group, Post-Quantum Cryptography Assessment, 2025.
[5] CISA, NSA, and NIST, 'Quantum-Readiness: Migration to Post-Quantum Cryptography,' 2023.
[6] Allied Market Research / MarketsandMarkets, 'Post-Quantum Cryptography Market Forecast,' 2024-2030.
[7] Gartner, 'Information Security and Risk Management Spending Forecast,' 2025.
[8] Fortinet Inc., Q4 2024 Earnings Release and FY2025 Guidance / SEC Filing.
[9] IonQ Inc., 'Agreement to Acquire SkyWater Technology,' January 2026; Q4 2025 Earnings Release.
[10] The Quantum Insider, 'ID Quantique acquired by IonQ,' 2025.
[11] Zscaler Inc., Q1 FY2026 Earnings Release / SEC Filing.DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. American News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly, which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.



View original content:https://www.prnewswire.com/news-releases/the-15-billion-post-quantum-migration-nist-standards-are-final-nsa-deadlines-are-set-and-enterprise-cybersecurity-is-about-to-be-rebuilt-from-the-ground-up-302730679.htmlSOURCE American News Group

Original: The $15 Billion Post-Quantum Migration: NIST Standards Are Final, NSA Deadlines Are Set, and Enterprise Cybersecurity Is About to Be Rebuilt from the Ground Up

Enterprise Security Spending Hits Record Highs as Quantum Threats LoomFebruary 19, 2026 10:00 AM
PR Newswire (US)

Issued on behalf of Quantum Secure Encryption Corp.EquityInsider.com News CommentaryVANCOUVER, BC, Feb. 19, 2026 /PRNewswire/ -- Global IT spending is projected to reach $6.15 trillion in 2026, with data center investment alone exceeding $650 billion as enterprises accelerate AI infrastructure buildouts[1]. Security researchers warn that the era of undetected vulnerabilities is ending, with AI collapsing the gap between being vulnerable and being compromised[2]. That structural shift is creating urgency for enterprises seeking solutions from digital guardians, such as Quantum Secure Encryption (QSE) (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Fortinet (NASDAQ: FTNT), Gorilla Technology Group (NASDAQ: GRRR), Check Point Software Technologies (NASDAQ: CHKP), and CrowdStrike Holdings (NASDAQ: CRWD).  A survey of 1,357 technology leaders ranked AI-augmented security and identity-centric zero trust among the top enterprise priorities for 2026, with quantum computing readiness now on the planning horizon[3]. Nation-state actors are already conducting "harvest now, decrypt later" campaigns, stockpiling encrypted data in anticipation of quantum decryption capabilities that could retroactively expose years of sensitive communications[4].Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) just announced enhancements to its Quantum Preparedness Assessment (QPA) platform, designed to provide enterprises with structured visibility into post-quantum cryptographic readiness. With global standards bodies such as NIST advancing post-quantum cryptographic guidance and governments publishing migration roadmaps, organizations are increasingly evaluating long-term cryptographic risk exposure, including "harvest now, decrypt later" threats."Our objective is to give enterprises clarity," said Ted Carefoot, CEO of QSE. "Post-quantum transition requires structured planning. QPA provides measurable indicators and visibility to help organizations understand where they stand and how to prioritize next steps."The enhanced QPA platform now features a post-quantum compliancy status dashboard, visual roadmap indicators outlining migration progression, risk indicators mapped to relevant compliance frameworks, and structured readiness scoring to support internal governance decision-making. The platform integrates alongside existing cybersecurity architectures through guided data input workflows combined with automated scoring and visualization tools.This enhancement builds upon QSE's broader platform development initiatives, including the launch of its qREK quantum-resilient key SDK and recent enterprise deployments across financial and infrastructure sectors. QSE's broader platform includes entropy reinforcement tools, identity and authentication systems, and decentralized encrypted storage solutions.QSE continues building international momentum at pace. The company recently renewed its enterprise agreement with The Muthoot Group in India, covering approximately 14,000 user licenses across one of the country's largest financial services organizations. QSE also entered South America with a three-year security agreement supporting three Brazilian government clients for approximately 4,500 user licenses.QSE's membership in the Canadian Association of Defence and Security Industries (CADSI) positioned the company within Canada's defence ecosystem before the company participated at the most recent World Defense Show 2026 in Saudi Arabia as part of the official Canadian Delegation.The company's international reach also extends further through a strategic partnership with NUSA Networks and Porta Nusa for Indonesian market access, a CyberSecure Canada Level 2 Certification, and a distributor agreement with Enzo Plus spanning 300 channel partners in Southeast Asia.With the global post-quantum cryptography market projected to reach $17.69 billion by 2034, QSE is building both the technology platform and the market education infrastructure to capture enterprise adoption as quantum threats accelerate.CONTINUED… Read this and more news for Quantum Secure Encryption Corp. at: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/In other industry developments and happenings in the market include:Fortinet (NASDAQ: FTNT), a global cybersecurity leader driving the convergence of networking and security, recently reported fourth quarter 2025 revenue of $1.91 billion, a 15% year-over-year increase driven by broad-based demand across its portfolio. Full year revenue reached $6.80 billion with free cash flow of $2.21 billion."We are pleased with our strong finish to the year, highlighted by an excellent fourth quarter driven by broad-based demand across our portfolio, which drove billings above the high end of our guidance," said Ken Xie, Founder, Chairman and CEO of Fortinet.The company's Unified SASE billings grew 40% year-over-year, reinforcing its leadership position as the number one firewall vendor with 55% unit market share. Fortinet's board also authorized an additional $1.0 billion in share repurchases, bringing the aggregate authorized amount to $10.25 billion.Gorilla Technology Group (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, and IoT technology, recently announced a proposed acquisition of Shackleton Finance, a UK-authorised Alternative Investment Fund Manager, to establish a regulated capital platform for AI infrastructure growth."The acquisition of Shackleton Finance marks an important milestone in building a platform focused on driving institutional investment in smart infrastructure," said Jay Chandan, Chairman and CEO of Gorilla.The newly formed entity, Gorilla Technology Capital, is expected to operate as a dedicated investment vehicle for institutional capital targeting smart infrastructure and AI-driven assets globally, including data centres, GPU-as-a-Service, quantum technologies, and next-generation cybersecurity.Check Point Software Technologies (NASDAQ: CHKP), a pioneer and global leader in cybersecurity solutions, recently reported fourth quarter 2025 revenue of $745 million, a 6% year-over-year increase, with full year revenue reaching $2.725 billion. Security subscription revenues grew 10% to $1.219 billion for the full year, while non-GAAP earnings per share surged 30% to $11.89, reflecting sustained demand across the company's Hybrid Mesh Network and Workspace platforms."We delivered solid fourth quarter and full year 2025 results, with revenue landing above the midpoint of our outlook and EPS exceeding expectations," said Nadav Zafrir, Chief Executive Officer of Check Point. "In 2026, our strategy is centered on securing our customers' AI transformation across the enterprise."The company announced three strategic acquisitions in the first quarter of 2026: Cyata for end-to-end AI agent security, Cyclops for cyber asset attack surface management, and Rotate to accelerate its Workspace momentum in the managed service provider market. Check Point's calculated billings reached $2.906 billion for the full year, a 9% increase, positioning the company at the forefront of enterprise AI security transformation.CrowdStrike Holdings (NASDAQ: CRWD), a global cybersecurity leader, was recently named a Customers' Choice in the 2026 Gartner Peer Insights 'Voice of the Customer' for Application Security Posture Management (ASPM) Tools, reinforcing its leadership in cloud-native security platforms.The recognition marks continued market validation for the CrowdStrike Falcon platform, which leverages real-time indicators of attack, threat intelligence, and AI-enriched telemetry to deliver automated protection across endpoints, cloud workloads, identity, and data.CrowdStrike has positioned itself as a foundational platform for enterprise security, with its single lightweight-agent architecture delivering rapid deployment, superior protection, and reduced complexity across critical areas of enterprise risk.Article Source: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/CONTACT:
Equity Insider
info @acblanke1DISCLAIMER: : Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly, and expects to paid a fee from Maynard Communication Ltd. for writing and content distribution. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement and have also purchased shares in the open market. MIQ reserves the right to buy and sell, and will/has bought and sold shares of QSE - Quantum Secure Encryption Corp. and will continue to do so on an ongoing basis without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.cio.com/article/4126847/gartner-it-spending-to-exceed-6-trillion-by-2026.htmlhttps://www.sentinelone.com/blog/cybersecurity-2026-the-year-ahead-in-ai-adversaries-and-global-change/https://research.etr.ai/etr-data-drop/top-10-enterprise-technology-trends-for-2026https://hbr.org/sponsored/2026/01/why-your-post-quantum-cryptography-strategy-must-start-nowLogo: https://mma.prnewswire.com/media/2840019/Equity_Insider_Logo.jpg





View original content to download multimedia:https://www.prnewswire.com/news-releases/enterprise-security-spending-hits-record-highs-as-quantum-threats-loom-302692446.html

Original: Enterprise Security Spending Hits Record Highs as Quantum Threats Loom

FTNT new 52 high

This stock is currently 35% of my portfolio

FTNT pops. Another sign of strength.

mb

Keep an eye out for this one

$FTNT is one of 7 Cybersecurity Stocks to Watch in Light of the Google-Mandiant Deal according to Investor Place

https://investorplace.com/2022/03/7-cybersecurity-stocks-to-watch-in-light-of-the-google-mandiant-deal/

Good observations. The company I'm currently with is a buyer. Future will be interesting.

Lol someone just bought like $80 million worth.

Keeps climbing. I can’t believe I identify buy this.

I work with a ton of large tech companies. All of them are dumping Cisco ASA for Fortigate.

Forti will hit $200 by 2020.

Mark my post. They will pull a Palo Alto.

I've been in the same boat! Just moved along and have bought some back over the years. I think FTNT is on cruise control and heading to $100. I see no technical breakdowns and the next earning in late October will be the next direction move. I have long shares and Sept 85 calls, will probably buy some October 90 calls next. I think you are safe for another 20% if you are getting back in. Low volatility stock, so easy in and out.

I’m an idiot for not following my own advice. I remember when it was 30 thinking I need to get in.

So, I heard FTNT on Fast Money and bought a couple months ago....It just keeps crawling up. Bought some $85 Sept 21 Calls, and they are up 300%. It is the silent money maker!!

Just an FYI that I’m seeing so many people leaving their Cisco ASAs in the trash for Fortinet products.

Their revenue next quarter is going to explode just based on what I am seeing in the field.

Read up on all the extremely hostile ASA vulnerabilities released in the past 4 weeks.

I do not own shares.

The drop makes no viable sense, however, lots of manipulation ongoing. This per analysts who see it every day.
The same short sellers are buying it back cheaper , and doing this several times per day.
HFT exchanges make it easy to profit this way!

Checking with a group of analysts on this Stock.
Zacks just one of 21 checked has a #1(strong buy) on FTNT. A price target we see varies from 43.50-49.50 this year.
We do hold it.
Always do your own DD.

Agree, however, this is a stand alone Company. Does not need a buyout but if it happens PPS in the low 40's for sure. This based on projected earnings analysis.
GL.

Big earnings beat AH on FTNT.

Should be 38.00 soon. This company is a prime buyout candidate imo...

http://www.americanbankingnews.com/2015/01/26/fortinet-given-new-38-00-price-target-at-jmp-securities-ftnt/

Nice we are moving uptrend....

I'm in... Thinking they are a good buyout candidate...

Looking very good.. Holding long for the big day..

Buy back..

Fortinet (Nasdaq: FTNT) announced that its Board of Directors has authorized a share repurchase program of up to $200 million through December 31, 2014. Share repurchases may be made by the company from time to time in privately negotiated transactions or in open market transactions.

"The implementation of our first share repurchase program reflects Fortinet's confidence in the long-term strength and strategy of the company, as well as our commitment to returning shareholder value," said Ken Xie, Fortinet's Founder, Chairman and CEO. "Though we remain focused on continuing to invest in our business to capitalize on our growth opportunities, at the same time, Fortinet's financial performance and healthy cash flow generation allows us to be confident and opportunistic in repurchasing shares."

The actual timing, number and value of shares repurchased under the program will be determined by Fortinet management at its discretion, and will depend on a number of factors, including the trading price of the stock, and general market and business conditions and applicable legal requirements. This program does not oblige Fortinet to repurchase any shares under the authorization, and the program may be suspended, discontinued or modified at any time, for any reason and without notice.

anyone herer in?

on watch here

Nice pincher chart formations with pps up over the 15dma, bullish SAR flip, +earnings~





[Fortinet Reports First Quarter 2013 Financial Results

http://media.marketwire.com/attachments/200903/514817_FortinetNew.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=1012139&ProfileId=051205&sourceType=1
SUNNYVALE, CA -- (Marketwired) -- 04/30/13 -- Fortinet® (NASDAQ: FTNT)

Revenues of $135.8 million, up 16% year over year
Billings of $148.5 million, up 8% year over year(1)
GAAP diluted net income per share of $0.07
Non-GAAP diluted net income per share of $0.10(1)
Cash flow from operations of $37.7 million
Free cash flow of $36.1 million(1)
Cash, cash equivalents and investments of $782.5 million, with no debt
Fortinet® (NASDAQ: FTNT) -- a leader in high-performance network security -- today announced financial results for the first quarter ended March 31, 2013.

Financial Highlights for the First Quarter of 2013

Revenue: Total revenue was $135.8 million for the first quarter of 2013, an increase of 16% compared to $117.2 million in the same quarter of 2012. Within total revenue, product revenue was $58.0 million, an increase of 9% compared to the same quarter of 2012. Services revenue was $75.9 million, an increase of 22% compared to the same quarter of 2012.

Billings(1): Total billings were $148.5 million for the first quarter of 2013, an increase of 8% compared to $137.0 million in the same quarter of 2012.

Deferred Revenue: Deferred revenue was $376.4 million as of March 31, 2013, an increase of 20% compared to deferred revenue of $314.6 million as of March 31, 2012, and up $13.2 million from $363.2 million as of December 31, 2012.

Cash and Cash Flow(1): As of March 31, 2013, cash, cash equivalents and investments were $782.5 million, compared to $739.6 million as of December 31, 2012. In the first quarter of 2013, cash flow from operations was $37.7 million and free cash flow was $36.1 million.

GAAP Operating Income(1): GAAP operating income was $15.4 million for the first quarter of 2013, representing a GAAP operating margin of 11%. GAAP operating income was $18.7 million for the same quarter of 2012, representing a GAAP operating margin of 16%.

GAAP Net Income and Diluted Net Income Per Share(1): GAAP net income was $12.2 million for the first quarter of 2013, based on a 28% tax rate for the quarter. This compares to GAAP net income of $14.2 million for the same quarter of 2012, based on a 28% tax rate for the quarter. GAAP diluted net income per share was $0.07 for the first quarter of 2013, based on 167.8 million weighted-average diluted shares outstanding, compared to $0.09 for the same quarter of 2012, based on 165.8 million weighted-average diluted shares outstanding.

Non-GAAP Operating Income(1): Non-GAAP operating income was $24.2 million for the first quarter of 2013, representing a non-GAAP operating margin of 18%. Non-GAAP operating income was $25.5 million for the same quarter of 2012, representing a non-GAAP operating margin of 22%.

Non-GAAP Net Income and Diluted Net Income Per Share(1): Non-GAAP net income was $17.3 million for the first quarter of 2013, based on a 33% effective tax rate for the quarter. Non-GAAP net income for the same quarter of 2012 was $17.5 million, based on a 34% effective tax rate. Non-GAAP diluted net income per share was $0.10 for the first quarter of 2013 based on 167.8 million weighted-average diluted shares outstanding, compared to $0.11 for the same quarter of 2012, based on 165.8 million weighted-average diluted shares outstanding.

(1) A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."

"While we performed well in Asia Pacific and the U.S. enterprise sector, our first quarter results were affected primarily by macroeconomic and geopolitical challenges in Latin America and EMEA, a shortfall in U.S service provider business, and to a lesser extent some inventory shortages and product transition issues," said Ken Xie, founder, president and chief executive officer. "Given the macro uncertainty, we are moving forward cautiously yet confidently, as the network security market remains healthy and Fortinet's competitive position and product advantage remains strong."

Conference Call Details
Fortinet will host a conference call today, April 30, 2013, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its financial results. To access this call, dial (877) 303-6913 (domestic) or (224) 357-2188 (international) with conference ID # 34804106. A live webcast of the conference call and supplemental slides will be accessible from the Investor Relations page of Fortinet's website at http://investor.fortinet.com and a replay will be archived and accessible at http://investor.fortinet.com/events.cfm. A replay of this conference call can also be accessed through May 7, 2013, by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international) with conference ID# 34804106.

Following Fortinet's earnings conference call, the Company will host an additional question-and-answer session at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) to provide an opportunity for financial analysts and investors to ask more detailed product and financial questions. To access this call, dial (877) 303-6913 (domestic) or (224) 357-2188 (international) with conference ID # 34804106. This follow-up call will be webcast live and accessible at http://investor.fortinet.com, and a replay will be archived and available after the call at http://investor.fortinet.com/events.cfm. A replay of this conference call will also be available through May 7, 2013 by dialing (855) 859-2056 (domestic) or (404) 537-3406 (international) with conference ID # 34804106.

About Fortinet (www.fortinet.com)
Fortinet (NASDAQ: FTNT) is a worldwide provider of network security appliances and a market leader in unified threat management (UTM). Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2012 Fortune Global 100. Fortinet's flagship FortiGate product delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Fortinet's broad product line goes beyond UTM to help secure the extended enterprise -- from endpoints, to the perimeter and the core, including databases and applications. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.

Copyright © 2013 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiDB and FortiWeb. Other trademarks belong to their respective owners.
FTNT-F

Forward-looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding the potential growth of our business. Although we attempt to be accurate in making forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. Important factors that could cause results to differ materially from the statements herein include the following: general economic risks; specific economic risks in different geographies and among different customer segments; uncertainty regarding increased business and renewals from existing customers; uncertainties around continued success in sales growth and market share gains; failure to convert sales pipeline into final sales; risks associated with successful implementation of multiple integrated software products and other product functionality risks; execution risks around new product development and introductions and innovation; litigation and disputes and the potential cost, distraction and damage to sales and reputation caused thereby; market acceptance of new products and services; the ability to attract and retain personnel; changes in strategy; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations and service providers; technological changes that make our products and services less competitive; risks associated with the adoption of, and demand for, the UTM model in general and by specific customer segments; competition and pricing pressure; and the other risk factors set forth from time to time in our most recent Annual Report on Form 10-K, our most recent Quarterly Report on Form 10-Q and our other filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from our investor relations department. All forward-looking statements herein reflect our opinions only as of the date of this release, and we undertake no obligation, and expressly disclaim any obligation, to update forward-looking statements herein in light of new information or future events.

Non-GAAP Financial Measures
We have provided in this release financial information that has not been prepared in accordance with Generally Accepted Accounting Principles (GAAP). We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures to investors.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. As previously mentioned, a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

Billings. We define billings as revenue recognized plus the change in deferred revenue from the beginning to the end of the period less any deferred revenue balances acquired from business combination(s) during the period. We consider billings to be a useful metric for management and investors because billings drive deferred revenue, which is an important indicator of the health and visibility of our business, and has historically represented a majority of the quarterly revenue that we recognize. There are a number of limitations related to the use of billings versus revenue calculated in accordance with GAAP. First, billings include amounts that have not yet been recognized as revenue. Second, we may calculate billings in a manner that is different from other companies that report similar financial measures. Management compensates for these limitations by providing specific information regarding GAAP revenue and evaluating billings together with revenues calculated in accordance with GAAP.

Free cash flow. We define free cash flow as net cash provided by operating activities minus capital expenditures. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that, after the acquisition of property and equipment, can be used for strategic opportunities, including investing in our business, making strategic acquisitions, and strengthening the balance sheet. Analysis of free cash flow facilitates management's comparisons of our operating results to competitors' operating results. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities as a means for evaluating the Company is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period because it excludes cash used for capital expenditures. Management compensates for this limitation by providing information about our capital expenditures on the face of the cash flow statement and under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources" in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Non-GAAP operating income and operating margin. We define non-GAAP operating income as operating income plus stock-based compensation reduced by the income from payments we received from a patent settlement. Non-GAAP operating margin is defined as non-GAAP operating income divided by revenue. We consider these non-GAAP financial measures to be
useful metrics for management and investors because they exclude the effect of stock-based compensation expense and patent settlement related income so that our management and investors can compare our recurring core business operating results over multiple periods. There are a number of limitations related to the use of non-GAAP operating income versus operating income calculated in accordance with GAAP. First, non-GAAP operating income excludes stock-based compensation expense. Stock-based compensation has been and will continue to be for the foreseeable future a significant recurring expense in our business. Second, stock-based compensation is an important part of our employees' compensation and impacts their performance. Third, the components of the costs that we exclude in our calculation of non-GAAP operating income may differ from the components that our peer companies exclude when they report their non-GAAP results of operations. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP operating income and evaluating non-GAAP operating income together with operating income calculated in accordance with GAAP.

Non-GAAP net income and diluted net income per share. We define non-GAAP net income as net income plus stock-based compensation expense reduced by the income from payments we received from a patent settlement, and includes the impact of the tax adjustment, if any, required to achieve the effective tax rate on a pro forma basis, which could differ from the GAAP tax rate. We define non-GAAP diluted net income per share as non-GAAP net income divided by the weighted-average diluted shares outstanding. We consider these non-GAAP financial measures to be useful metrics for management and investors for the same reasons that we use non-GAAP operating income and non-GAAP operating margin. However, in order to provide a complete picture of our recurring core business operating results, we include in non-GAAP net income and non-GAAP diluted net income per share, the tax adjustment required to achieve the effective tax rate on a pro forma basis, which could differ from the GAAP tax rate. We believe the effective tax rates we used are reasonable estimates of long-term normalized tax rates under our global operating structure. The same limitations described above regarding our use of non-GAAP operating income and non-GAAP operating margin apply to our use of non-GAAP net income and non-GAAP diluted net income per share. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP net income and non-GAAP diluted net income per share and evaluating non-GAAP net income and non-GAAP diluted net income per share together with net income and diluted net income per share calculated in accordance with GAAP.




FORTINET, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands)

March 31, December 31,
2013 2012
------------ ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 97,384 $ 122,975
Short-term investments 362,996 290,719
Accounts receivable-Net 102,359 107,642
Inventory 23,933 21,060
Prepaid expenses and other current assets 26,988 26,878
------------ ------------
Total current assets 613,660 569,274
PROPERTY AND EQUIPMENT-Net 25,803 25,638
LONG-TERM INVESTMENTS 322,158 325,892
GOODWILL AND OTHER INTANGIBLE ASSETS-Net 9,964 2,117
OTHER ASSETS 61,144 52,576
------------ ------------
TOTAL ASSETS $ 1,032,729 $ 975,497
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 26,369 $ 20,816
Accrued liabilities 21,677 22,263
Accrued payroll and compensation 26,350 28,957
Deferred revenue 257,332 247,268
------------ ------------
Total current liabilities 331,728 319,304
DEFERRED REVENUE-Non-current 119,082 115,917
OTHER LIABILITIES 34,210 29,342
------------ ------------
Total liabilities 485,020 464,563
------------ ------------
STOCKHOLDERS' EQUITY:
Common stock 164 162
Additional paid-in capital 425,524 400,075
Treasury stock (2,995) (2,995)
Accumulated other comprehensive income 2,166 3,091
Retained earnings 122,850 110,601
------------ ------------
Total stockholders' equity 547,709 510,934
------------ ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,032,729 $ 975,497
============ ============



FORTINET, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands, except per share amounts)

Three Months Ended
--------------------------
March 31, March 31,
2013 2012
------------- ------------
REVENUE:
Product $ 57,950 $ 53,204
Services 75,896 62,138
Ratable and other revenue 1,974 1,905
------------- ------------
Total revenue 135,820 117,247
------------- ------------
COST OF REVENUE:
Product (1) 22,958 19,067
Services (1) 15,574 11,213
Ratable and other revenue 596 763
------------- ------------
Total cost of revenue 39,128 31,043
------------- ------------
GROSS PROFIT:
Product 34,992 34,137
Services 60,322 50,925
Ratable and other revenue 1,378 1,142
------------- ------------
Total gross profit 96,692 86,204
------------- ------------
OPERATING EXPENSES:
Research and development (1) 23,334 19,667
Sales and marketing (1) 49,976 42,036
General and administrative (1) 7,991 5,786
------------- ------------
Total operating expenses 81,301 67,489
------------- ------------
OPERATING INCOME 15,391 18,715
INTEREST INCOME 1,369 1,085
OTHER INCOME (EXPENSE)-Net 215 (71)
------------- ------------
INCOME BEFORE INCOME TAXES 16,975 19,729
PROVISION FOR INCOME TAXES 4,726 5,556
------------- ------------
NET INCOME $ 12,249 $ 14,173
============= ============
Net income per share:
Basic $ 0.08 $ 0.09
============= ============
Diluted $ 0.07 $ 0.09
============= ============
Weighted-average shares outstanding:
Basic 161,282 156,010
============= ============
Diluted 167,823 165,751
============= ============

(1) Includes stock-based compensation expense as
follows:
Cost of product revenue $ 90 $ 64
Cost of services revenue 1,020 745
Research and development 2,766 1,957
Sales and marketing 4,118 3,443
General and administrative 1,305 1,037
------------- ------------
$ 9,299 $ 7,246
============= ============



CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited, in thousands)

Three Months Ended
--------------------------
March 31, March 31,
2013 2012
------------ ------------
Net income $ 12,249 $ 14,173
Other comprehensive (loss) income, net of
reclassification adjustments:
Foreign currency translation (losses) gains (952) 558
Unrealized gains on investments 42 1,799
Tax provision related to items of other
comprehensive income or loss (15) (629)
------------ ------------
Other comprehensive (loss) income, net of tax (925) 1,728
------------ ------------
Comprehensive income $ 11,324 $ 15,901
============ ============



CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)

Three Months Ended
--------------------------
March 31, March 31,
2013 2012
------------ ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 12,249 $ 14,173
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation and amortization 3,098 2,082
Amortization of investment premiums 3,051 3,255
Stock-based compensation 9,299 7,246
Excess tax benefit from employee stock
option plans (1,453) (2,320)
Other non-cash items, net (540) 19
Changes in operating assets and liabilities:
Accounts receivable-Net 5,747 10,763
Inventory (4,520) (3,409)
Prepaid expenses and other current assets (202) (345)
Other assets (8,568) 569
Accounts payable 4,957 (6,319)
Accrued liabilities (11) (231)
Accrued payroll and compensation (2,416) (547)
Deferred revenue 12,677 19,696
Income taxes payable 4,305 3,886
------------ ------------
Net cash provided by operating activities 37,673 48,518
------------ ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investments (171,506) (192,567)
Sales of investments 13,823 17,416
Maturities of investments 86,018 115,026
Purchases of property and equipment (1,534) (1,624)
Payments made in connection with business
acquisitions (5,979) (550)
------------ ------------
Net cash used in investing activities (79,178) (62,299)
------------ ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock 14,464 13,551
Excess tax benefit from employee stock option
plans 1,453 2,320
------------ ------------
Net cash provided by financing activities 15,917 15,871
------------ ------------
EFFECT OF EXCHANGE RATES ON CASH AND CASH
EQUIVALENTS (3) 703
------------ ------------
NET (DECREASE) INCREASE IN CASH AND CASH
EQUIVALENTS (25,591) 2,793
CASH AND CASH EQUIVALENTS-Beginning of period 122,975 71,990
------------ ------------
CASH AND CASH EQUIVALENTS-End of period $ 97,384 $ 74,783
============ ============



Reconciliations of non-GAAP results of operations measures to the nearest
comparable GAAP measures
(Unaudited, in thousands)


Reconciliation of GAAP revenue to billings

Three Months Ended
--------------------------
March 31 March 31,
2013 2012
------------ ------------
Total revenue $ 135,820 $ 117,247
Add increase in deferred revenue 13,229 19,739
Less deferred revenue balance acquired in
business combination (550) -
------------ ------------
Total billings (Non-GAAP) $ 148,499 $ 136,986
============ ============


Reconciliation of net cash provided by operating activities to free cash
flow

Three Months Ended
--------------------------
March 31, March 31,
2013 2012
------------ ------------
Net cash provided by operating activities $ 37,673 $ 48,518
Less purchases of property and equipment (1,534) (1,624)
------------ ------------
Free cash flow (Non-GAAP) $ 36,139 $ 46,894
============ ============



Reconciliation of non-GAAP results of operations to the nearest comparable
GAAP measures
(Unaudited, in thousands, except per share amounts)

Reconciliation of GAAP to Non-GAAP operating income, operating margin, net
income and diluted net income per share


Three Months Ended March 31, Three Months Ended March 31,
2013 2012
-------------------------------- --------------------------------
GAAP Adjust- Non-GAAP GAAP Adjust- Non-GAAP
Results ments Results Results ments Results
-------- -------- -------- -------- -------- --------
Operating
Income $ 15,391 $ 8,821 (a) $ 24,212 $ 18,715 $ 6,768 (b) $ 25,483
======== ======== ======== ======== ======== ========
Operating
Margin 11% 18% 16% 22%
======== ======== ======== ========
Adjustments:
Stock-based
compensation
expense 9,299 7,246
Patent
settlement
income (478) (478)
Tax
adjustment (3,787) (c) (3,453) (d)
-------- --------
Net
Income $ 12,249 $ 5,034 $ 17,283 $ 14,173 $ 3,315 $ 17,488
======== ======== ======== ========
Diluted
net income
per
share $ 0.07 $ 0.10 $ 0.09 $ 0.11
======== ======== ======== ========
Shares
used in
per share
calculations -
diluted 167,823 167,823 165,751 165,751
======== ======== ======== ========

(a) To exclude $9.3 million of stock-based compensation expense offset by
$0.5 million of patent settlement income in the three months ended March
31, 2013.

(b) To exclude $7.2 million of stock-based compensation expense offset by
$0.5 million of patent settlement income in the three months ended March
31, 2012.

(c) Non-GAAP financial information is adjusted to achieve an overall 33
percent effective tax rate on a pro forma basis, which differs from the
GAAP tax rate, in the three months ended March 31, 2013.

(d) Non-GAAP financial information is adjusted to achieve an overall 34
percent effective tax rate on a pro forma basis, which differs from the
GAAP tax rate, in the three months ended March 31, 2012.


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Investor Contact:

Michelle Spolver
Fortinet, Inc.
408-486-7837
mspolver@fortinet.com

Media Contact:
Rick Popko
Fortinet, Inc.
408-486-7853
rpopko@fortinet.com



Source: Marketwired (April 30, 2013 - 4:15 PM EDT)

News by QuoteMedia

4:20 PM Fortinet (FTNT): Q1 EPS of $0.10 in-line. Revenue of $135.8M (+16% Y/Y) beats by $0.18M

9:26 AM Fortinet (FTNT) is encroaching on F5's (FFIV) turf by acquiring Coyote Point Systems, a maker of application delivery controllers (ADCs) for SMBs. Fortinet claims Coyote Point's products, which (like F5's) rely on a proprietary OS, complement its core FortiGate unified threat management security hardware, as well as its firewall and denial-of-service appliances. The purchase comes as F5, which sells to enterprises and carriers in addition to SMBs, launches firewall hardware, as well as security modules for its ADCs.

1:51 PM Security hardware stocks rally on expectations Pres. Obama will issue an executive order meant to bolster government spending on cybersecurity following tonight's State of the Union. Intrusion prevention system leader SourceFire (FIRE +8.8%), which received 28% of its sales from the U.S. government in Q3, is the biggest winner, but Fortinet (FTNT +4.3%), Check Point (CHKP +1.2%), and Palo Alto Networks (PANW +1.1%) are also higher.

WOW DAY! P/T of $29, 22% gain.

4:17 PM Fortinet (FTNT): Q4 EPS of $0.17 beats by $0.02. Revenue of $151.2M (+25% Y/Y) beats by $6.92M. Shares +12% AH.

9:21 AM Fortinet (FTNT) +1.6% after receiving an upgrade to Buy from Pac Crest. Shares remain well off their September highs thanks to the company's disappointing Q4 guidance. Oppenheimer upgraded Fortinet on Nov. 28.

Fortinet(R) Earns 27th Virus Bulletin VB100 Award

1:30 PM 11/28/2012 - Marketwire

SUNNYVALE, CA -- (Marketwire) -- 11/28/12 -- Fortinet® (NASDAQ: FTNT) -- a leader in high-performance network security -- today announced FortiOS 5 has been certified by Virus Bulletin and earned a Reactive and Proactive (RAP) measurement score of 96.6%. The Virus Bulletin RAP score measures a security solution's ability to detect malware collected from previous weeks (Reactive) and new malware (Proactive) that has appeared since a particular solution was submitted to Virus Bulletin. Proactive testing is extremely important to stop advanced threats that use the latest malware variants to avoid detection. Out of 30 participating vendors, Fortinet was the only company to score above 90% in proactive detection.

"Fortinet's scores have been climbing steadily of late and, for this specific test, detection scores were once again excellent across the board, taking a commanding position on the RAP chart; a VB100 certification award was easily earned," said test team director John Hawes at Virus Bulletin. "The design is simple and clear, and the interface proved reliable and responsive throughout testing."

The FortiOS 5 Advantage
FortiOS 5 powers both the FortiGate network security platform and the FortiClient endpoint protection solution, giving enterprises of all sizes innovative technologies to help protect and manage their networks in light of fundamental changes in both the nature of attacks targeting them as well as the way users are accessing the network. The new operating system includes more than 150 new security features that were designed to help protect against today's Advanced Persistent Threats (APTs) and targeted attacks. The enhancements roll up into five elements, which give organizations of any size the ability to easily deploy maximum protection:

Advanced Malware Detection
Exploit Discovery and Protection
Cloud-Based Reputation Systems
Local Client Reputation
Multi-Vector Policy Engine

Advanced Malware Detection
The Advanced Malware Detection engine has three elements: The first consists of an advanced antivirus engine with one-to-many signatures to help reduce the size and increase the performance of the signature database. For example, a single signature can now detect multiple virus variants rather than having to create a separate signature for each discovered variant. The second element runs file scans and filters and determines if a file is suspicious in nature. The engine then passes suspect files through an inline sandbox where it applies behavior models against the sample file to help determine if it is a threat. The third part is cloud-based inspection, where the engine sends suspicious files for a more detailed analysis. Confirmed malware is placed into the database by the FortiGuard global threat research team, creating a feedback loop that improves proactive detection.

In the April 17, 2012Gartner report titled: "A Buyer's Guide to Endpoint Protection Platforms," Peter Firstbrook, research vice president for Gartner, said, "Antivirus/anti-spyware databases are 90% to 99% effective at detecting well-known, widely circulating threats. However, they are only 20% to 50% effective at detecting new or low-volume threats. Security effectiveness is significantly enhanced by non-signature-based techniques. The simulation of unknown code before the code is executed to determine malicious intent without requiring end-user interaction with the unknown code is another deterministic technique."

Exploit Discovery and Protection
Although social engineering has become a favorite ploy of targeted threats, using exploits via vulnerabilities is still an important threat target. The FortiOS 5 Exploit Discovery and Protection engine is able to scan and identify vulnerabilities via a network or agent scan, providing a wide scope of coverage. Intrusion protection systems can then be deployed to protect vulnerable assets until the normal patching cycle remediates the vulnerability.

Cloud-Based Reputation Systems
Cloud-Based Reputation systems, where reputation is discovered in and delivered by the cloud, are an invaluable part of any network or endpoint security platform. Base-level reputation checks against a known bad list of domains and URLs. The next level, also referred to as application control, classifies applications to identify dangerous communication. More advanced reputation systems can check for known botnet controllers or relay servers.

Local Client Reputation
Fortinet's local client reputation is based on the dynamic behavior of a client. It maintains reputation by maintaining numerous parameters such as dangerous application usage, IPS attacks, malware detected and Websites (Malicious URLs and botnets) visited. It then constructs a reputation score for each client, allowing action to be taken against the top offenders.

Multi-Vector Policy Engine
Since the aforementioned security functions need to be deployed within endpoint, network and application platforms, the security engine that applies profiles of the security function and takes action on the results needs to be multi-vectored. Hence, although traditional policy can be applied based on source (IP address), there is also the ability to apply policy based on the user and device identity. This is an important attribute for distributed, virtual and cloud networks.

"Today's Advanced Persistent Threats use zero day exploits, rapidly-changing malware variants and other techniques to avoid detection and penetrate enterprise networks," said Michael Xie, founder, CTO and vice president of engineering for Fortinet. "One dimensional solutions that only employ antivirus or check sum scanning will not work against these types of attacks. Fortinet's software developers and FortiGuard Labs work tirelessly with product managers to continually deliver best-of-breed network and endpoint and security platforms, and their hard work is paying off with this latest VB100 award win."

About FortiGuard Labs
Founded in 2000, Fortinet'sFortiGuard Labs consists of a world-class security team that monitors the threat landscape and helps ensure Fortinet customers are continuously informed and protected. Consisting of more than 200 dedicated research analysts, FortiGuard helps protect customers 24 hours a day, 7 days a week and 365 days a year. The team discovers new third party threats and then delivers rapid signature updates and detailed security knowledge designed to provide practically instant protection from new and emerging threats. In a typical week, the FortiGuard team adds or updates approximately 145,000 antivirus signatures, 25 intrusion prevention (IPS) signatures, 400,000 URLs ratings for Web filtering and 28,000,000 antispam signatures. Additionally, FortiGuard has made more than 130 zero day discoveries in the last three years.

Fortinet is able to discover threats quickly via Fortinet's extensive customer network and then push out signature updates to every customer in the world in minutes -- unlike competing security companies that have to rely on third party security companies to provide them with the latest malware signatures.

Oppenheimer upgraded Fortinet from Perform to Outperform with a price target of $24.00. The firm comments, "Our upgrade is based on: 1) FTNT's clear market leadership position in the UTM space, 2) solid fundamentals and 3) more reasonable valuation. Oppenheimer also calls Fortinet a potential acquisition target.

8:26 AM Fortinet (FTNT) +1.5% after catching an upgrade to Outperform from Oppenheimer, which is setting a PT of $24. Fortinet, still the top player in the fast-growing UTM security hardware market, has seen its steep multiples compress some this year, thanks partly to soft guidance and the loss of respected CFO Ken Goldman.

same to you. Maybe they'll put out a stunning PR and throw that trending stuff out the window. Looking like it'll definitely close above today's low.

Lets see what happens. The issue I see is that this drop has so much volume attached to it. The 50ma is gonna crash right through the 200ma soon. Lets just see where the bottom is and how hard it bounces. Good Luck.

It did make me look, LOL. Pre-market, (or last night to boot) which I don't have but business hours trading, it was already down there. So I took my faithful path and didn't freak. I bought it for it's growth potential and gross margin of 70%.

It might have been a good call to sell after the 50ma was breached, or 200ma.
You Sir have stones, because that would have scared the hell out of me. But then again, its easy to be the general after the battle. If support doesnt hold, next level is around 18$.

good call. I got mine months ago, so even though the dip is tempting, it will definitely mess up my avg to buy this HIGH, LOL.

It wasn't in my book. I'm with you, oversold.

12:54 PM Wunderlich makes a contrarian call on Fortinet (FTNT -19.6%), upgrading shares to Buy as shares crumble following in-line Q3 results and soft Q4 guidance. Needham is also staying positive, touting Fortinet's growth potential and broad UTM product line, for which an OS upgrade and second-gen ASIC were announced yesterday. During Fortinet's earnings call, management notes Q3 Chinese billings were light, and that Americas billings saw higher seasonality.

a little? CCI hasnt hit these levels since august last year. Watch for a bounce.

Is this oversold a bit maybe? News doesn't seem that bad...

http://seekingalpha.com/article/928391-fortinet-ceo-discusses-q3-2012-results-earnings-call-transcript