Fortinet, Inc. 10-Q form for quarterly period ended 2024-06-30, page 27: •expected impact of plans and strategy for the acceleration of our points of presence ("PoP") deployment;
•expectations that our operating expense will increase year over year in absolute dollars during the remainder of 2024;
•expectations that proceeds from the exercise of stock options in future years will be adversely impacted by the increased mix of restricted stock units and performance stock units versus stock options granted or a decline in our stock price;
•uncertain tax benefits and our effective domestic and global tax rates, the impact of interpretations of or changes to tax law, and the timing of tax payments;
•expectations regarding spending related to real estate assets, acquisitions and development, including data centers and points of presence, office building and warehouse investments, as well as other capital expenditures and to the impact on free cash flow and expenses;
•estimates of a range of 2024 spending on capital expenditures;
•expected outcomes and liabilities in litigation;
•our intentions regarding share repurchases and the sufficiency of our existing cash, cash equivalents and investments to meet our cash needs, including our debt servicing requirements, for at least the next 12 months; 
•other statements regarding our future operations, financial condition and prospects and business strategies; and
•adoption and impact of new accounting standards. 
These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this Quarterly Report on Form 10-Q and, in particular, the risks discussed under the heading "Risk Factors" in Part II, Item 1A of this Quarterly Report on Form 10-Q and those discussed in other documents we file with the SEC. We undertake no obligation, and specifically disclaim any obligation, to revise or publicly release the results of any revision to these and any other forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Business Overview

Fortinet is a leader in cybersecurity and the convergence of networking and security. Our mission is to secure people, devices and data everywhere. Our integrated platform, the Fortinet Security Fabric, spans secure networking, unified SASE and AI-driven security operations to deliver cybersecurity where our customers need it. As of June 30, 2024, over a half million customers trusted our solutions, including enterprises such as in the financial services, retail, healthcare and operational technology market verticals, communication and security service providers, and government organizations. As a global company headquartered in Sunnyvale, California our research and development is centered in the United States and Canada with a global footprint of support and centers of excellence around the world. As of June 30, 2024, we held 985 U.S. patents and 1,323 global patents and we are recognized in over 100 enterprise analyst reports demonstrating both our vision and execution across security and networking products. 
•Secure Networking-Our Secure Networking solutions focus on the convergence of networking and security via FortiOS, our networking and security operating system that is the foundation of our Fortinet Security Fabric platform and supports over 30 functions that can be delivered via a physical, virtual, cloud or software as a service ("SaaS") solution. When delivered via our network firewall appliances, functionality is accelerated through our proprietary ASIC technology. These proprietary ASICs, allow our systems to scale, run multiple applications at higher performance, lower power consumption and perform more processor-intensive operations, such as inspecting encrypted traffic, including streaming video. The Network Firewall solution consists of FortiGate data centers, hyperscale and distributed firewalls, as well as encrypted applications (SSL inspection, Virtual Private Network and IPsec connectivity). Our ability to converge networking and security also enables the ethernet to become an extension of a company's security infrastructure through FortiSwitch and FortiLink. Our wireless LAN solution leverages secure networking to provide secure wireless access for the enterprise LAN edge. FortiExtender secures 5G/LTE and remote 
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Question: How is Fortinet maintaining its competitive edge in the evolving cybersecurity landscape for the quarter ended June 30, 2024?
Answer: Fortinet maintains its competitive edge in the cybersecurity landscape through its integrated Fortinet Security Fabric, which spans secure networking, Unified Secure Access Service Edge (SASE), and Security Operations (SecOps). Key elements include FortiOS, the foundation of its platform, which delivers over 30 functions across physical, virtual, cloud, and SaaS environments. Proprietary ASIC technology enhances performance by accelerating tasks such as encrypted traffic inspection.

The company also leverages AI-driven threat intelligence via FortiGuard Labs, which delivers real-time, coordinated detection and response across the entire attack surface. Fortinet’s Security Operations portfolio automates threat detection and response to streamline remediation. Additionally, Fortinet addresses the global cybersecurity skills gap through the Fortinet Training Institute, which has issued over one million certifications.