Fortinet (NASDAQ: FTNT) stock was already off to a great start to 2017, up 25% year-to-date including a 14% gain since the company announced strong fourth-quarter and 2016 earnings on Feb. 2. Continuing its solid performance, it gave itself a boost recently by introducing what it describes as two of the fastest and best performing enterprise and data center firewalls on the planet.
As "the world's first security appliance to achieve Terabit per second (Tbps) firewall performance," Fortinet's new Fortigate 3980E enterprise firewall delivers a lightning-fast 1.12 (Tbps) and a secure 470 gigabytes per second (Gbps) across virtual private networks, or VPNs. Because of its performance, the Fortigate 3980E firewall opens the data security doors to the fast-growing data center marketplace.
Fortinet's other new firewall, the Fortigate 7060E, may even one-up the 3980E. Fortinet said the Fortigate 7060E underwent independent application and security testing by privately held Ixea and CloudStorm. Based on the conclusion of that comprehensive testing, Fortinet's Fortigate 7060E now lays claim to owning the "World's Fastest NGFW [Next-Gen Firewall]."
"Cloud computing, IoT, and a hyper-connected digital economy have been straining enterprise IT resources and rapidly increasing the performance demands required from today's security solutions," said Ken Xie, founder and CEO of Fortinet.
In addition to the enterprise data security market, data center sales are expected to become a $32.3 billion market in just three years. It appears Fortinet has taken a giant step to earn a good piece of that, and similar, opportunities.
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Tim Brugger has no position in any stocks mentioned.