9 Must-See AI News Updates That Are Trending on Wall Street

6. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders: 47

Fortinet, Inc. (NASDAQ:FTNT) is a cybersecurity company that provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products. On February 6, the company announced the launch of its latest G series of next-generation firewalls (NGFWs), namely the FortiGate 70G, FortiGate 50G, and FortiGate 30G. These firewalls are designed to deliver high-performance security, unmatched power efficiency, advanced networking support, and FortiGuard AI-Powered Security Services. These next-gen firewalls are powered by Fortinet’s proprietary ASIC technology and the unified Fortinet operating system, FortiOS, helping customers reduce the risk of successful cyberattacks, and future-proofing IT infrastructure, reducing operational costs, and environmental impact.

“For nearly 25 years, we have set the standard for fortifying enterprise networks. By completing the FortiGate G series with the latest ASIC and FortiOS innovation, we give distributed enterprises cutting-edge tools like AI-powered security services and GenAI for network and security operations centers without compromising performance or sustainability needs. Our customers trust that Fortinet will continue redefining the standard for next-generation firewalls by delivering superior security effectiveness, greater energy efficiency, and unmatched performance for years to come.”

-Nirav Shah, Senior Vice President, Products and Solutions at Fortinet.