Fortinet at the Forefront of Networking and Security Converging

Fortinet is a leading cybersecurity company that has amassed an extensive customer base because of its solutions' high performance relative to price as well as its broad product offerings covering various security concerns. The company developed a centralized cybersecurity management plane and is at the forefront of networking and security converging with its secure software-defined wide-area networking offerings. Fortinet sells security appliances and subscriptions as well as technical and professional services. We think it has established customer switching costs alongside its network effect and has a nice runway for growth through its holistic approach to network and cloud cybersecurity. As organizations expand their networking footprint beyond on-premises data centers, we believe Fortinet keeps customers locked into its ecosystem via holistic security management across any location.