Symantec Corp. and Fortinet (FTNT - Free Report) recently expanded their partnership to strengthen cyber security solutions to combat the growing sophistication of cyber threats.
Per the terms of the agreement, Symantec will integrate Fortinet’s FortiGate Next-Generation Firewall into its cloud-delivered Web Security Service in the first half of 2019. Moreover, its endpoint protection solutions will be integrated into Fortinet Security Fabric to provide real-time threat intelligence for cyber-attacks and advanced malware.
The agglomeration of both the companies’ technologies will not only result in a comprehensive suite of stronger cloud-delivered cybercrime prevention solutions, but also give these magnates access to each other’s customer base.
John Maddison, Fortinet’s SVP of products and solutions, said, “With today’s announcement, two industry leaders are coming together to provide enterprise-class capabilities across cloud, network, and endpoint security.”
Competitive Scenario of Cybersecurity Market
The cybersecurity market, which is projected by MarketsandMarkets to hit $248.3 billion by 2023, at a CAGR of 10.2% during 2018-2023, is simultaneously undergoing exponential expansion as well as consolidation.
As the incidences of high-profile cybercrimes and cyber warfare continue to grow, the cybersecurity market is becoming increasingly attractive to startups, with thousands of new entrants. However, the existing market behemoths are constantly upping their game, overpowering the amateurs and intensifying the competitive environment.
Last year, Symantec acquired cybersecurity firms Fireglass and Skycure, thus bolstering its capabilities. Fortinet is also focused on expanding the Security Fabric product suite, which is witnessing strong global demand led by digital transformation and security refresh cycle across most industries.
Rival giants like Palo Alto (PANW - Free Report) , which bought LightCyber and RedLock this year; and CyberArk (CYBR - Free Report) , with clients like Deloitte, PWC and KPMG, are also relentlessly working toward improving and strengthening their products and solutions.
Symantec and Fortinet’s refreshed partnership is a strategic step for the companies to withstand the robust competition.
Symantec currently sports a Zacks Rank #1 (Strong Buy) while Fortinet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Symantec Corp. and Fortinet (FTNT - Free Report) recently expanded their partnership to strengthen cyber security solutions to combat the growing sophistication of cyber threats.
Per the terms of the agreement, Symantec will integrate Fortinet’s FortiGate Next-Generation Firewall into its cloud-delivered Web Security Service in the first half of 2019. Moreover, its endpoint protection solutions will be integrated into Fortinet Security Fabric to provide real-time threat intelligence for cyber-attacks and advanced malware.
The agglomeration of both the companies’ technologies will not only result in a comprehensive suite of stronger cloud-delivered cybercrime prevention solutions, but also give these magnates access to each other’s customer base.
John Maddison, Fortinet’s SVP of products and solutions, said, “With today’s announcement, two industry leaders are coming together to provide enterprise-class capabilities across cloud, network, and endpoint security.”
Competitive Scenario of Cybersecurity Market
The cybersecurity market, which is projected by MarketsandMarkets to hit $248.3 billion by 2023, at a CAGR of 10.2% during 2018-2023, is simultaneously undergoing exponential expansion as well as consolidation.
As the incidences of high-profile cybercrimes and cyber warfare continue to grow, the cybersecurity market is becoming increasingly attractive to startups, with thousands of new entrants. However, the existing market behemoths are constantly upping their game, overpowering the amateurs and intensifying the competitive environment.
Last year, Symantec acquired cybersecurity firms Fireglass and Skycure, thus bolstering its capabilities. Fortinet is also focused on expanding the Security Fabric product suite, which is witnessing strong global demand led by digital transformation and security refresh cycle across most industries.
Rival giants like Palo Alto (PANW - Free Report) , which bought LightCyber and RedLock this year; and CyberArk (CYBR - Free Report) , with clients like Deloitte, PWC and KPMG, are also relentlessly working toward improving and strengthening their products and solutions.
Symantec and Fortinet’s refreshed partnership is a strategic step for the companies to withstand the robust competition.
Symantec currently sports a Zacks Rank #1 (Strong Buy) while Fortinet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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