Fortinet's FortiCNAPP Upgrade: A Catalyst for Unified Cloud-Risk Platform Growth

Fortinet announced significant upgrades to its FortiCNAPP platform, integrating network-aware risk scoring, native data security posture management, and runtime validation into a unified cloud-risk workflow for hybrid and multi-cloud environments. This move targets tool sprawl and visibility gaps in cloud security, shaping Fortinet's investment narrative as it evolves from a firewall-heavy business to a broader security platform. The upgrade reinforces Fortinet's push into cloud security and unified risk management, potentially rebalancing attention away from hardware risks. However, operational risks remain, such as hardware margin concerns, and opinions on the stock are split.