Aug. 25, 2014, 9:21 AM
- Raymond James thinks H-P could acquire FireEye (NASDAQ:FEYE) or Fortinet (NASDAQ:FTNT) to expand its enterprise security position.
- Remarks made in H-P's FQ3 CC last week about the presence of "material non-public information" have fueled M&A speculation. UBS named Rackspace as a potential target on Friday, but re/code soon followed up by reporting H-P is still uninterested in the company. The enterprise security space has seen plenty of M&A activity over the last two years.
- SA Pro author David Hernandez offered a bullish take on FireEye on Friday, arguing (among other things) the company's threat-prevention platform is differentiated by a superior virtual sandbox for analyzing/executing potentially malicious code.
- FEYE +2.3%. FTNT unchanged for now.
Mar. 24, 2014, 6:25 PM
- Though Palo Alto Networks' (PANW -4.3%) $200M acquisition of endpoint security startup Cyvera might lower its 2014 EPS by 10% and 2015 EPS by 20%, it also stands to increase the company's addressable market by a quarter to ~$20B, thinks FBN's Shelby Seyrafi.
- "We view this acquisition as a logical expansion of the company’s end market that enhances its ability to provide end-to-end threat protection," says Baird's Jayson Noland. He notes Palo Alto's management plans to create an "overlay sales force" to sell endpoint security solutions.
- FBR's Daniel Ives sees the deal, the latest in a string of high-profile security acquisitions (I, II), as part of a "massive consolidation in the security landscape" set for 2014. He thinks Fortinet (FTNT), Proofpoint (PFPT), and Imperva (IMPV) could be among the companies snapped up this year by larger tech firms.
Jul. 23, 2013, 9:29 AMCisco (CSCO) appears to have two main goals with the Sourcefire (FIRE) acquisition: 1) To grow its exposure to the intrusion prevention system (IPS) space, which is growing rapidly as reports of major hacking incidents put governments and enterprises on edge. Sourcefire, the IPS market's leader, has been expected to grow 25% in 2013. Cisco's security sales fell 4% Y/Y last quarter. 2) To develop end-to-end security platforms that combine traditional firewall tools with more software-centric offerings providing application/service-level security and a deeper understanding of user activity. Palo Alto Networks (PANW - next-gen firewall leader) and Fortinet (FTNT - UTM hardware leader) are each addressing this trend in their own ways. (PR) (John Chambers' security "blank check") | Comment!
Jul. 23, 2013, 8:18 AM
Mar. 22, 2013, 9:26 AMFortinet (FTNT) is encroaching on F5's (FFIV) turf by acquiring Coyote Point Systems, a maker of application delivery controllers (ADCs) for SMBs. Fortinet claims Coyote Point's products, which (like F5's) rely on a proprietary OS, complement its core FortiGate unified threat management security hardware, as well as its firewall and denial-of-service appliances. The purchase comes as F5, which sells to enterprises and carriers in addition to SMBs, launches firewall hardware, as well as security modules for its ADCs. | Comment!
Jan. 14, 2013, 2:08 PMJohn Chambers recently said he gave Chris Young, the SVP in charge of Cisco's (CSCO) security ops, a "blank check" to hire and acquire as necessary over the next 2-3 years. Moreover, sources tell Reuters Cisco has been actively looking for security acquisitions. Chambers' motivation: while Cisco's security ops post modest growth, upstarts such as PANW, FTNT, and FIRE are growing much faster thanks to their focus on segments such as next-gen firewalls, UTM hardware, and IPS systems, products that offer deeper analysis of content/apps than traditional firewalls. | 1 Comment
Jan. 11, 2013, 1:19 PMFortinet (FTNT -0.1%) has bought content delivery network (CDN) software startup XDN, XDN discloses on its blog. A Fortinet exec tells Light Reading XDN, whose software handles domain name requests and other Web traffic, was purchased to strengthen Fortinet's cloud security management offerings. He adds Fortinet envisions businesses adopting a "hybrid" security model that combines security hardware and cloud services over the long run. Rival Palo Alto Networks has also taken an interest in cloud security services. | Comment!
Aug. 15, 2012, 10:23 AMEMC COO David Goulder re-affirms his company's interest in buying security companies (previous). EMC, whose Q2 security software sales rose 13% Y/Y, has been looking to reduce its storage hardware exposure lately, as storage value-add increasingly shifts to software running on servers. Potential targets include richly-valued names such as Palo Alto Networks, Fortinet, and Sourcefire, and less costly vendors such as Vasco Data, IntraLinks, and Websense. | Comment!
Mar. 13, 2012, 1:24 PM
FTNT vs. ETF Alternatives
Fortinet Inc is provider of network security solutions that are designed to address the fundamental problems of an increasingly bandwidth-intensive network environment and a more sophisticated information technology threat landscape.
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