Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. about a class action lawsuit related to alleged false statements and misrepresentations made by the company regarding its product refresh cycle and FortiGate firewall upgrades [1][3]. Group 1: Allegations and Class Period - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [3]. - Allegations include that Fortinet misrepresented the profitability of its refresh cycle, claiming it would be lucrative while it actually consisted of old products that were a "small percentage" of the company's business [3]. - The complaint states that Fortinet concealed its lack of clarity regarding the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased FTNT shares during the specified period are encouraged to register for the class action by November 21, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring companies engage in responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [5].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for alleged misrepresentations regarding the company's product refresh cycle and its impact on business performance [8]. Allegation Details - The lawsuit claims that Fortinet's management misled investors about the profitability of the refresh cycle, stating it would be lucrative despite it involving old products that represented a small portion of the business [8]. - It is alleged that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misrepresented the momentum of the refresh cycle [8]. - During an earnings call on August 6, 2025, Fortinet disclosed that it was only 40% to 50% through the 2026 upgrade cycle, contradicting previous statements about the refresh gaining momentum [8]. - The lawsuit also highlights that Fortinet admitted difficulty in predicting the total number of FortiGates needing upgrades and acknowledged that many customers had excess firewall capacity from prior purchases [8]. - Following the earnings call, Fortinet's stock price dropped over 22% [8]. Next Steps - Investors who purchased Fortinet shares during the class period (November 8, 2024, to August 6, 2025) and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025, of the upcoming lead plaintiff deadline on November 21, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought Fortinet stock during the specified period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][6]. - The lead plaintiff must file a motion with the court by November 21, 2025, to represent other class members [2]. Group 2: Allegations Against Fortinet - The lawsuit claims that Fortinet made materially false and misleading statements regarding a "record" round of FortiGate unit upgrades, projecting $400 million to $450 million in product revenue for 2025 and 2026 [4]. - It is alleged that the company misrepresented the sustainability and impact of the refresh cycle, which was said to consist of old products that represented a "small percentage" of the company's business [5]. - The lawsuit contends that Fortinet concealed the true number of firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through more quickly than communicated [5].

Core Viewpoint - Class action lawsuits have been filed against RCI Hospitality Holdings, Fortinet, and Molina Healthcare, alleging that these companies made materially false and misleading statements regarding their business operations and prospects, leading to investor losses [2][3][4]. RCI Hospitality Holdings, Inc. (NASDAQ: RICK) - Class period spans from December 15, 2021, to September 16, 2025, with a lead plaintiff deadline of November 20, 2025 [2]. - Allegations include engagement in tax fraud, bribery to cover up tax fraud, and understatement of legal risks, resulting in misleading positive statements about the company's business [2]. Fortinet, Inc. (NASDAQ: FTNT) - Class period spans from November 8, 2024, to August 6, 2025, with a lead plaintiff deadline of November 21, 2025 [3]. - Allegations include misrepresentation of the refresh cycle's profitability, lack of clarity on upgradeable FortiGate firewalls, and misleading statements about the momentum of the refresh, leading to materially misleading information about the company's prospects [3]. Molina Healthcare, Inc. (NYSE: MOH) - Class period spans from February 5, 2025, to July 23, 2025, with a lead plaintiff deadline of December 2, 2025 [4]. - Allegations include failure to disclose adverse facts regarding medical cost trend assumptions, dependency on low utilization of services for growth, and likelihood of cutting financial guidance for fiscal year 2025, resulting in misleading positive statements about the company's operations [4].

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for allegedly making false and misleading statements regarding its business operations and product refresh cycle during the specified Class Period from November 8, 2024, to August 6, 2025 [1][2]. Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be more lucrative than it actually was, as it involved older products that constituted only a small percentage of the company's business [2]. - It is alleged that Fortinet did not accurately disclose the number of FortiGate firewalls eligible for upgrades, leading to misleading statements about the company's operational capabilities [2]. - The complaint asserts that Fortinet misled investors by claiming that the refresh would gain momentum over two years, while in reality, the company had pushed through about half of the refresh in just a few months by the end of the second quarter of 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future prospects were materially false and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and must be adequate and typical of the proposed class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was, as it involved old products that represented only a "small percentage" of the company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and falsely indicated that the refresh would gain momentum over two years, while in reality, they pushed through about half of the refresh in just a few months by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request to be appointed as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - Fortinet, Inc. is facing a class action lawsuit due to alleged securities fraud related to misleading statements about its business performance and the sustainability of its firewall upgrade cycle, which led to significant stock price declines following disappointing financial results [2][3]. Financial Performance - On August 6, 2025, Fortinet reported its Q2 2025 financial results, indicating that it was only "approximately 40% to 50% of the way through the 2026 firewall upgrade cycle" [2]. - The company provided weaker than expected revenue guidance for Q3 2025, projecting revenue between $1.67 billion and $1.73 billion [2]. - Following this announcement, Fortinet's share price dropped by $21.28, or approximately 22%, from $96.58 to $75.30 [2]. Lawsuit Details - The lawsuit is on behalf of investors who purchased Fortinet securities from November 8, 2024, to August 6, 2025, alleging that the company made materially false and misleading statements regarding the impact of a "record" round of FortiGate unit upgrades [3]. - Defendants claimed that the upgrade cycle would generate "around $400 million to $450 million in product revenue" in 2025 and 2026, and that it would gain momentum in the second half of 2025 [3]. - The lawsuit contends that the actual refresh cycle was not as lucrative as represented, consisting of old products that were a "small percentage" of the company's business, and that Fortinet misrepresented the true number of upgradable FortiGate firewalls [3].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was, as it involved old products that represented only a small portion of the company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the company had pushed through approximately half of the refresh in just a few months, contrary to claims of a two-year momentum [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for allegedly making false and misleading statements regarding its business operations and product refresh cycle during the specified Class Period from November 8, 2024, to August 6, 2025 [1][2]. Allegations Against Defendants - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [2]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which was concealed from investors [2]. - The company reportedly misled investors by claiming that the refresh would gain momentum over two years, while in reality, it had pushed through about half of the refresh in just a few months by the end of the second quarter of 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and must select counsel to represent them and the class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit, encouraging those who purchased shares during the specified class period to contact the firm for potential lead plaintiff appointment [1]. Group 1: Allegations and Class Period - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [1]. - Allegations include that Fortinet made false statements and concealed information regarding the refresh cycle of its products, which was not as lucrative as represented, and that the company lacked a clear understanding of the number of FortiGate firewalls eligible for upgrades [1]. - It is claimed that Fortinet misrepresented the momentum of the refresh cycle, stating it would gain traction over two years, while in reality, the company pushed through approximately half of the refresh in just a few months by the end of Q2 2025 [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 21, 2025, to participate without any cost or obligation [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. Group 3: Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].