Fortinet (FTNT) Unveils OT Security Suite & $1B Buyback: A Game‑Changer for Cyber Defense
Published: 13 June 2025 | By Portugal
Why This Matters
Industrial cyberattacks jumped 60% YoY. Fortinet’s new Operational Technology Security Suite covers firewalls, segmentation, and AI‑driven anomaly detection for critical infrastructure.
Deal Highlights
Financial Snapshot
Market Reaction
FTNT shares spiked 7% intraday, leading the cybersecurity index.
Valuation & Price Targets
At 10x forward sales, FTNT trades below PANW (11x) and ZS (12x). Morgan Stanley lifted its PT to $95.
Technical Analysis
Investment Thesis
The OT suite diversifies revenue and deepens moat. Overweight rating maintained; buybacks add EPS tailwind.
Source: Reuters, 11 June 2025. Summary: Fortinet launched OT Security Suite and announced $1B buyback.
Published: 13 June 2025 | By Portugal
Why This Matters
Industrial cyberattacks jumped 60% YoY. Fortinet’s new Operational Technology Security Suite covers firewalls, segmentation, and AI‑driven anomaly detection for critical infrastructure.
Deal Highlights
- $1B share repurchase authorized through FY2026.
- Partnership with Schneider Electric for joint OT deployments.
- Suite integrates with FortiOS 9.0 for unified management.
- Early customers include Siemens Energy and Aramco.
Financial Snapshot
- Q1 revenue: $1.5B (+22% YoY).
- OT bookings grew 45%.
- Gross margin: 75%; FCF margin: 32%.
Market Reaction
FTNT shares spiked 7% intraday, leading the cybersecurity index.
Valuation & Price Targets
At 10x forward sales, FTNT trades below PANW (11x) and ZS (12x). Morgan Stanley lifted its PT to $95.
Technical Analysis
- Golden cross confirmed on the daily chart.
- RSI at 68—approaching overbought.
- Next resistance: $92; support: $83.
Investment Thesis
The OT suite diversifies revenue and deepens moat. Overweight rating maintained; buybacks add EPS tailwind.
Source: Reuters, 11 June 2025. Summary: Fortinet launched OT Security Suite and announced $1B buyback.