Shareholders who purchased shares of FTNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. DEADLINE: November 21, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fortinet-inc-loss-submission-form/? id=170636&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a sharehol ...

Core Insights - The focus on artificial intelligence (AI) is significant as it represents a major technological transformation, with cybersecurity stocks also benefiting from this trend [1][2]. Cybersecurity Sector Overview - Key players in the cybersecurity sector include CrowdStrike Holdings Inc. (CRWD), Palo Alto Networks Inc. (PANW), and Fortinet Inc. (FTNT), all of which are included in top industry ETFs [2]. - CrowdStrike is highlighted as the best positioned for long-term growth due to its cloud-native and AI-first Falcon platform [4][6]. CrowdStrike Holdings Inc. (CRWD) - CrowdStrike's Falcon platform offers 29 modules across three categories: Endpoint Security, Security and IT Operations, and Threat Intelligence, with subscription sales accounting for approximately 95% of its revenue [4]. - The company forecasts full-year revenue between $4.74 billion and $4.81 billion, indicating a year-over-year growth of 20% at the low end of the forecast [5]. - Despite having the highest premium among the three stocks, CrowdStrike's structural advantage justifies its high valuation multiple [6]. Palo Alto Networks Inc. (PANW) - Palo Alto Networks has a market cap exceeding $138 billion and is focusing on migrating into the AI and cloud security space through acquisitions [8]. - The company reported a 32% year-over-year increase in annual recurring revenue for next-gen security, but its stock has only risen 14% for the year, which may be attributed to growth expectations [8]. - Total revenue growth for 2026 is expected to be around 14%, similar to 2025, as the company faces competition in cloud and AI adoption [8]. Fortinet Inc. (FTNT) - Fortinet is known for its firewall business and has expanded into cloud security with its FortiCloud platform, which incorporates AI [11]. - The company has achieved over 14% year-over-year growth in the trailing 12-month period, but concerns exist regarding the pace of future growth due to the potential end of the current firewall upgrade cycle [12]. - Analysts have expressed skepticism about Fortinet's growth prospects, with the company currently holding a "Hold" rating among analysts [13].

Core Viewpoint - Rosen Law Firm is reminding purchasers of Fortinet, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company regarding its business performance and product upgrades [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to Fortinet common stock purchases made between November 8, 2024, and August 6, 2025, with a lead plaintiff deadline set for November 21, 2025 [1][2]. - Investors who purchased Fortinet stock during the specified period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [1]. Group 2: Allegations Against Fortinet - The lawsuit alleges that Fortinet made materially false and misleading statements about a "record" round of FortiGate unit upgrades, claiming it would generate between $400 million to $450 million in product revenue for 2025 and 2026 [4]. - It is claimed 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 FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through rapidly in a short timeframe [5].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for alleged misrepresentations regarding its product refresh cycle and the true number of FortiGate firewalls eligible for upgrades, leading to significant investor losses [6]. 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 company's business [6]. - It is alleged that Fortinet concealed the uncertainty regarding the number of FortiGates that could be upgraded and misrepresented the momentum of the refresh cycle, which was pushed through rapidly in a short time frame [6]. - On August 6, 2025, Fortinet disclosed during an earnings call that it was only 40% to 50% through the 2026 upgrade cycle, contradicting previous statements about the refresh's potential impact [6]. Next Steps - Investors who purchased Fortinet shares during the specified 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][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 21, 2025 [6]. About the Law Firm - Bragar Eagel & Squire, P.C. is a recognized law firm specializing in representing individual and institutional investors in complex litigation across various courts in the United States [5].

Core Insights - Fortinet, Inc. is facing a class action lawsuit from investors who purchased securities between November 8, 2024, and August 6, 2025, with a deadline to file a lead plaintiff motion by November 21, 2025 [1][2] - The company's disappointing second quarter 2025 financial results led to a significant stock price drop of $21.28 per share, or 22.03%, closing at $75.30 per share on August 7, 2025 [3] Financial Performance - Fortinet reported second quarter 2025 financial results that did not meet investor expectations, causing confusion regarding the company's revenue growth and billings [3] - The company indicated that 40% to 50% of its accelerated firewall refresh, estimated to be a $450 million opportunity involving 650,000 units, was completed, yet this did not translate into stronger product revenue growth [3] Legal Actions - The Portnoy Law Firm is representing investors in claims related to corporate wrongdoing, highlighting the firm's history of recovering over $5.5 billion for aggrieved investors [4]

LOS ANGELES, Oct. 03, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. RCI ...

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 lucrative despite it consisting of old products that were only a "small percentage" of the business [2]. - It is alleged that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades, leading to a lack of transparency regarding its operational capabilities [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 about its business, operations, and 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 of the class, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. Firm Information - 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 securities class action lawsuit has been filed against Fortinet, Inc. due to allegations of misleading statements regarding its product refresh cycle and growth projections [1][6]. Allegations - The lawsuit claims that Fortinet's statements about entering a major firewall "refresh cycle" were false and misleading, as the refresh involved old products that represented only a small part of the business [6]. - Fortinet projected $400 million to $450 million in product revenue for 2025-2026, but the lawsuit argues that the company lacked clarity on the number of firewalls that could actually be upgraded [6]. - By the second quarter of 2025, Fortinet had already completed nearly half of the refresh, contradicting claims of future momentum [6]. Stock Impact - Following the revelation on August 6, 2025, that Fortinet was 40-50% through the 2026 upgrade cycle and that customers had excess firewall capacity, the company's stock fell by 22%, from $96.58 to $75.30 on August 7, 2025 [6].

Core Viewpoint - Fortinet, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims centered around misrepresentation of product refresh cycles and upgrade potential [1][3][4]. Group 1: Allegations of the Lawsuit - The lawsuit claims that Fortinet's executives misrepresented the profitability of the product refresh cycle, stating it would be lucrative despite it being based on older products that constituted a "small percentage" of the business [3]. - It is alleged that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades, misleading investors about the upgrade momentum [3][4]. - On August 6, 2025, Fortinet disclosed during an earnings call that it was "approximately 40% to 50% of the way through the 2026 upgrade cycle," contradicting previous statements about the refresh's business impact [4]. Group 2: Impact on Stock Price - Following the revelations during the earnings call, Fortinet's stock price dropped by more than 22%, indicating a significant market reaction to the disclosed information [4]. Group 3: Class Action Process - Investors who purchased Fortinet common stock during the specified class period (November 8, 2024, to August 6, 2025) have until November 21, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6].

Core Points - Fortinet will hold a conference call to discuss its Q3 2025 financial results on November 5, 2025, at 1:30 p.m. Pacific Time [1] - The conference call will be available in listen-only mode on Fortinet's investor relations website [2] - Fortinet is a leader in cybersecurity, focusing on the convergence of networking and security, with over 50 enterprise-grade products [3] Company Overview - Fortinet's mission is to secure people, devices, and data globally, with a customer base exceeding half a million [3] - The company offers one of the largest integrated portfolios in the cybersecurity industry, emphasizing collaboration with public and private sectors [3] - FortiGuard Labs, Fortinet's threat intelligence organization, utilizes advanced machine learning and AI technologies for threat protection [3]