Tepper Sports & Entertainment implements Fortinet's cybersecurity solutions to enhance security and streamline operations across various locations.
Quiver AI Summary
Fortinet announced that Tepper Sports & Entertainment (TSE), which operates the NFL’s Carolina Panthers and MLS’s Charlotte FC, has implemented Fortinet’s Unified SASE and Security Fabric solutions to enhance its cybersecurity and streamline operations across its venues and remote locations. TSE's VP of Technology and Cybersecurity, Rob Bence, highlighted the increased security and efficiency gained from using Fortinet's platform, which simplifies management while addressing complex security requirements. The deployment includes features such as Secure SD-WAN and AI-driven security services that provide consistent protection and visibility over critical data and infrastructure, particularly amidst the growing number of connected devices at high-density events. This strategic move positions TSE to meet evolving cybersecurity demands in sports while reducing operational complexity.
Potential Positives
- Tepper Sports & Entertainment has deployed Fortinet's Unified SASE and Security Fabric solutions, enhancing their cybersecurity posture across multiple facilities and operational environments.
- The integration of Fortinet’s solutions has led to significant improvements in operational efficiency and threat visibility for TSE, allowing them to manage security with a lean IT team.
- The deployment supports TSE's ability to meet evolving cybersecurity requirements for professional sports leagues, demonstrating Fortinet's capability to address industry-specific security standards.
- Fortinet's AI-powered Security Services and unified platform contribute to enhanced protection of sensitive data and a consistent security experience across various locations, boosting confidence in their infrastructure.
Potential Negatives
- The press release does not disclose any specific quantitative metrics or data regarding the improvements in security or efficiency achieved by Tepper Sports & Entertainment after implementing Fortinet's solutions, potentially leaving stakeholders questioning the effectiveness of the deployment.
- There is no mention of how long the Fortinet solutions will be in use or any long-term commitments from TSE, which could imply uncertainty regarding the ongoing relationship and potential for future contracts.
- The lack of third-party validation or assessments of the Fortinet solutions could raise concerns about the credibility of the claims made regarding their effectiveness and reliability.
FAQ
What is Fortinet Unified SASE?
Fortinet Unified SASE combines networking and security features, enabling secure access for users across diverse environments while simplifying management.
How has Tepper Sports & Entertainment improved cybersecurity?
Tepper Sports & Entertainment has deployed Fortinet solutions to enhance security, reduce vendor complexity, and streamline operations across facilities and remote teams.
What benefits does Fortinet provide to TSE's IT team?
Fortinet's solutions have increased security without burdening TSE's IT team, allowing for quicker internal issue resolution and improved operational efficiency.
How does Fortinet address IoT security challenges?
Fortinet provides consistent protection and performance across various connected devices in high-density environments, enhancing the overall security posture against IoT threats.
What features does the Fortinet Security Fabric include?
The Fortinet Security Fabric includes integrated solutions like FortiGate firewalls, FortiManager for network management, and FortiAnalyzer for enhanced visibility and automation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FTNT Congressional Stock Trading
Members of Congress have traded $FTNT stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 05/12.
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 04/11.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$FTNT Insider Trading Activity
$FTNT insiders have traded $FTNT stock on the open market 31 times in the past 6 months. Of those trades, 2 have been purchases and 29 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by insiders over the last 6 months:
- MICHAEL XIE (VP, ENGINEERING & CTO) has made 0 purchases and 10 sales selling 806,926 shares for an estimated $79,391,833.
- KEN XIE (PRESIDENT & CEO) has made 0 purchases and 9 sales selling 522,974 shares for an estimated $52,390,627.
- KEITH JENSEN (Chief Financial Officer) has made 0 purchases and 6 sales selling 41,160 shares for an estimated $4,596,626.
- KENNETH A GOLDMAN has made 0 purchases and 2 sales selling 3,000 shares for an estimated $299,320.
- CHRISTIANE OHLGART (Chief Financial Officer) has made 0 purchases and 2 sales selling 1,274 shares for an estimated $132,712.
- WILLIAM H. NEUKOM has made 2 purchases buying 663 shares for an estimated $69,789 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FTNT Hedge Fund Activity
We have seen 709 institutional investors add shares of $FTNT stock to their portfolio, and 651 decrease their positions in their most recent quarter.
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- NORGES BANK added 7,857,682 shares (+102.5%) to their portfolio in Q2 2025, for an estimated $830,714,141
- BLACKROCK, INC. added 5,248,360 shares (+9.0%) to their portfolio in Q2 2025, for an estimated $554,856,619
- AMUNDI removed 2,837,640 shares (-45.7%) from their portfolio in Q2 2025, for an estimated $299,995,300
- TWO SIGMA ADVISERS, LP removed 2,651,000 shares (-59.1%) from their portfolio in Q2 2025, for an estimated $280,263,720
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- QUBE RESEARCH & TECHNOLOGIES LTD removed 1,851,553 shares (-52.1%) from their portfolio in Q2 2025, for an estimated $195,746,183
- JACOBS LEVY EQUITY MANAGEMENT, INC added 1,746,820 shares (+1668.6%) to their portfolio in Q2 2025, for an estimated $184,673,810
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$FTNT Analyst Ratings
Wall Street analysts have issued reports on $FTNT in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Wedbush issued a "Outperform" rating on 08/07/2025
- Truist Securities issued a "Buy" rating on 08/07/2025
- Scotiabank issued a "Sector Outperform" rating on 08/07/2025
- Mizuho issued a "Underperform" rating on 08/07/2025
To track analyst ratings and price targets for $FTNT, check out Quiver Quantitative's $FTNT forecast page.
$FTNT Price Targets
Multiple analysts have issued price targets for $FTNT recently. We have seen 23 analysts offer price targets for $FTNT in the last 6 months, with a median target of $90.0.
Here are some recent targets:
- Fatima Boolani from Citigroup set a target price of $85.0 on 08/18/2025
- Amit Daryanani from Evercore ISI Group set a target price of $78.0 on 08/08/2025
- Patrick Colville from Scotiabank set a target price of $85.0 on 08/07/2025
- Joel Fishbein from Truist Securities set a target price of $95.0 on 08/07/2025
- Keith Weiss from Morgan Stanley set a target price of $78.0 on 08/07/2025
- Rob Owens from Piper Sandler set a target price of $90.0 on 08/07/2025
- Brian Essex from JP Morgan set a target price of $87.0 on 08/07/2025
Full Release
SUNNYVALE, Calif., Aug. 20, 2025 (GLOBE NEWSWIRE) --
News Summary
Fortinet
®
(NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that Tepper Sports & Entertainment (TSE), which owns and operates the NFL’s Carolina Panthers, MLS’s Charlotte FC, and Bank of America Stadium, has deployed Fortinet’s Unified SASE and other Security Fabric solutions to strengthen cybersecurity, simplify operations, and enable secure access for users across stadiums, offices, and remote environments.
“With Fortinet Unified SASE, we have significantly increased our security without adding extra work and inefficiencies for the support team,” said Rob Bence, VP of Technology and Cybersecurity at Tepper Sports & Entertainment. “With Fortinet, we did not have to learn multiple operating systems, and we can navigate our solutions with confidence. That not only makes us more efficient, but it has removed some of the guesswork of troubleshooting, so we can resolve issues internally more quickly.”
Unifying Security Across Facilities and the Field
With security needs spanning Bank of America Stadium, Atrium Health Performance Park, and a mobile workforce that includes global scouts and operations staff, TSE selected Fortinet to unify and modernize its security posture and reduce vendor complexity while enhancing visibility and control. TSE needed a solution that was simple to manage without sacrificing security. Fortinet enables consistent protection and performance across the entire TSE footprint, including critical facilities, key technology investments, and staff, while also addressing the growing volume of IoT and connected devices that connect throughout their high-density event environments.
“Organizations like Tepper Sports & Entertainment are modernizing their infrastructure to meet rising security demands without adding operational overhead,” said Jaime Romero, Executive Vice President, Marketing at Fortinet. “By leveraging Fortinet Unified SASE and FortiGuard AI-powered Security Services, TSE can protect users and data everywhere, from stadiums to remote locations, while simplifying management for a lean IT team. That’s the power of an integrated, AI-driven cybersecurity platform.”
TSE needed a platform capable of addressing evolving NFL and MLS security standards, while meeting the day-to-day demands of sports and entertainment operations. The organization deployed:
- Fortinet Unified SASE , including FortiSASE for seamless secure access, regardless of user location and Secure SD-WAN for resilient connectivity between facilities and cloud environments.
- Fortinet Secure Networking, including FortiGate Next-Generation Firewalls with AI-powered threat protection and automation-driven network management with FortiManager to close security gaps and help organizations achieve better user experience.
- Fortinet SecOps, including FortiAnalyzer to power faster, smarter operations with a unified data lake, enhanced visibility, and automation from a single turnkey platform.
- FortiGuard AI-powered Security Services , including the data loss prevention (DLP) Service, and Attack Surface Management protection for broad threat coverage.
Protecting High-Value IP and Cloud Assets
From player scouting reports to proprietary schemes, TSE’s most sensitive data often resides with remote users. With Fortinet Unified SASE, all user traffic, both on-site and remote, ensures constant protection and consistent policy enforcement.
The organization also extended its Fortinet deployment into Microsoft Azure using FortiGate virtual machines, allowing for uniform security controls across cloud workloads and on-premises environments.
Building a Future-Ready Foundation for Compliance and Visibility with Fortinet
By transitioning from a patchwork of disconnected tools to Fortinet’s unified platform, TSE has significantly improved threat visibility and operational efficiency. This consolidation reduces complexity for a small IT staff and positions the organization to meet the evolving cybersecurity requirements of professional sports leagues with confidence and agility.
“We needed a simple solution so that we could maintain and manage things in-house,” Bence adds. “When we looked at how the FortiOS crosses from the firewalls to SASE seamlessly, it was clear we would not need training on multiple different tools. The consistency of the interface across the Fortinet Security Fabric gives us a pure foundation for our future security environment as well, as MLS and NFL requirements change and other needs arise.”
Hear directly from Tepper Sports & Entertainment on how they unified security across stadiums, offices, and remote teams at the Fortinet SASE Summit .
Additional Resources
- Read the Carolina Panthers and Charlotte FC case studies.
- Learn about Fortinet Unified SASE .
- Read more about the Fortinet Security Fabric .
- Visit fortinet.com/trust to learn about Fortinet innovation, collaboration partners, product security processes, and enterprise-grade products.
- Read about how Fortinet customers are securing their organizations.
- Learn about Fortinet's commitment to product security and integrity , including its responsible product development and vulnerability disclosure approach and policies.
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About Fortinet
Fortinet
(Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The
Fortinet Training Institute
, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with
esteemed organizations
from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally.
FortiGuard Labs
, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at
https://www.fortinet.com
, the
Fortinet Blog
, and
FortiGuard Labs
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Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.
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Travis Anderson
Fortinet, Inc. 408-235-7700 [email protected] |
Aaron Ovadia
Fortinet, Inc. 408-235-7700 [email protected] |
Brian Greenberg
Fortinet, Inc. 408-235-7700 [email protected] |