SOURCE: The Bedford Report

The Bedford Report

September 13, 2011 08:16 ET

Indentive Group and Fortinet Benefit From Uptick in Demand

The Bedford Report Provides Equity Research on Identive Group & Fortinet

NEW YORK, NY--(Marketwire - Sep 13, 2011) - The Bedford Report examines the outlook for the Computer Peripherals Industry and provides equity research on Identive Group, Inc. (NASDAQ: INVE) and Fortinet Inc. (NASDAQ: FTNT). Access to the full company reports can be found at:

One of the prevailing trends in the computer peripherals industry is the need for security. As the amount of transactions that take place on smartphones and tablet PCs increases, so do the opportunities for virtual thieves to steal information and even illegally access bank accounts. Hackers often target a core asset such as a software maker's proprietary source code, a vendor's client list or millions of customers' credit card numbers. The intruders destroy a company's reputation or erase a competitive advantage.

Another growing trend in the sector is virtualization -- a service that effectively turns one computer into several virtual computers enabling businesses to cut costs and increase efficiency.

The Bedford Report releases stock research on the Computer Peripherals industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

This trend toward a need for internet security on both mobile devices and PCs is welcome news for companies such as Fortinet Inc. which provide services in this space at the enterprise, service provider and government level. This summer the company announced that April-June net income was $14.5 million, or 9 cents a share, compared with $6.9 million, or 9 cents a share, a year ago. Revenue rose to $103 million from $76.3 million last year.

Identive Group is an international technology company focused on building the world's signature group in secure identification-based technologies. The company announced that second quarter revenue was $25.6 million, up 21 percent year on year. The company said "sales in Q2 were driven by strong demand for identity management solutions for consumer and citizen ID applications globally."

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