分析师：Fortinet可能会看到人工智能货币化的提振

2026-03-12 02:35

Fortinet (FTNT) held its annual Accelerate conference this week, and the consensus seems to be that the cybersecurity company will see an increase in artificial intelligence-related monetization.
“AI was the theme of Accelerate, with Fortinet highlighting the company's use of AI technology for over a decade, with 20-plus FortiAI-Assist products,” Needham analyst Mike Cikos wrote in a note to clients. “AI accounts for 555 of Fortinet's patents (equating to ~40% of total Global patents). Management believes the 'Edge will eat the Cloud', providing advantages to Fortinet based on its architectural underpinnings, particularly as Agents become more prevalent at the edge.” Cikos has a Hold rating on Fortinet shares.
Jefferies analyst Joseph Gallo, who has a Hold rating on Fortinet, said he had “constructive” conversations with partners, and there is a growing belief that the company is seeing a tailwind. “Consistent in all of our conversations was product growth remains strong, driven by price increases which customers have been receptive of, as well as pull forward (to beat the increase),” Gallo explained. “This could lead to upside to cons prod growth of 15.7% yoy in 1Q vs. 4Q's 20.4% on a 5 pt. easier comp.”

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