Fortinet Releases New FortiOS 5.0 for Increased Security, Intelligence and Control (FTNT)

A global leader in high performance based on advanced levels of network security, Fortinet (NASDAQ: FTNT), has just announced the release of its latest advanced security operating system: the FortiOS 5.0. All over the world, the famous FortiGate integrated security platforms are based on the operating systems created by the company and this latest addition will invoke plenty of changes and additional features into many of the company’s products. With more than 150 advanced features added to the FortiOS 5.0, company products such as FortiGate, FortiAnalyzer, FortiClient and FortiManager will benefit greatly, and so will the users of these advanced security platforms.

The new release works on three development principles of the current operating system and makes it more intelligent, with better control and added security features. In this day and age of advanced security threats, such a system is designed to enable higher protection and enable higher security in BYOD environments.

From the Company

Ken Xie is the founder, CEO and President of the company. He announced, “We are excited about the advancements in FortiOS 5.0. Looking back over the last ten years, each FortiOS release delivered innovation that helped change the market. With FortiOS 5.0, Fortinet is continuing to lead and define the network security space. We are providing our customers with the best and broadest functionality that is fully integrated with our high-performance FortiASICs and FortiGate system. This combination leads to our customers having the most superior network security, performance, management and analysis.”

FortiOS 5.0, FortiManager 5.0, FortiClient 5.0 and FortiAnalyzer 5.0 are all slated for release to the general public by the end of October 2012. Customers will be able to obtain the latest versions by contacting their resellers or by downloading it directly from the FortiCare website.

About Fortinet

Fortinet is a market and global leader in unified threat management (UTM). It has made a name for itself as a provider for network security devices and advanced security solutions. Not only do its products provide protection against threats, but these same innovative products also serve to simplify IT infrastructure to a large extent. Located in Sunnyvale, California, Fortinet serves a variety of clients and enterprises from all over the world.

Market Movement

With market capitalization of $3.1 billion, Fortinet is a mid-cap company whose common stock is traded in the NASDAQ markets. As of October 192012, the share prices of the company are recorded at $19.72 per share, which is up by $0.19 or nearly 1% as compared to its last closing price. The company is still a long way away from its one-year target of $28.00 per share but is holding its own in the current economic environment.

Another mid-cap company, Riverbed Technology (NASDAQ: RVBD), is currently one of the biggest advancers in the NASDAQ market and is currently being traded in unusual volumes. The share prices for Riverbed Technology are currently trading at $23.06 per share, owing to the record returns and profits it displayed in its third-quarter financial report. Mid-cap company Brocade Communications Systems (NASDAQ: BRCD) is a leading supplier of networking equipment and is currently trading at $5.46 per share.

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Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing.