Core Viewpoint - The article discusses a class action lawsuit against Fortinet, Inc. for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives misrepresented business prospects, leading to substantial investor losses. Summary by Sections Class Action Lawsuit Details - Investors who purchased Fortinet common stock between November 8, 2024, and August 6, 2025, have until November 21, 2025, to seek lead plaintiff status in the lawsuit [1] - The lawsuit is titled Oklahoma Firefighters Pension and Retirement System v. Fortinet, Inc. and alleges that Fortinet and certain executives issued false statements regarding the company's business and prospects [2][9] Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the potential profitability of a product refresh cycle, stating it would not be as lucrative as suggested due to the age of the products involved [3] - It is alleged that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle [3][4] - On August 6, 2025, during an earnings call, Fortinet revealed it was only 40% to 50% through the 2026 upgrade cycle, contradicting previous statements and leading to a stock price drop of over 22% [4] Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who acquired Fortinet stock during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [5][6] - The lead plaintiff can choose a law firm to represent the class, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6] About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades of FortiGate firewalls, leading to significant stock price decline when the truth was revealed [1][2][3]. Allegations - The complaint alleges that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates requiring an upgrade [2] - It is claimed that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the firewalls was said to have minimal business impact as it represented only a small percentage of the company's business, given that the products were 12 to 15 years old and sold when Fortinet's business was significantly smaller [2] Stock Price Impact - Following the revelation of the alleged misrepresentations, Fortinet's stock price dropped over 22%, from $96.58 per share on August 6, 2025, to $75.30 per share on August 7, 2025 [3].

Core Viewpoint - Fortinet, Inc. is facing a class action lawsuit due to alleged securities fraud, with a deadline for lead plaintiff motions set for November 21, 2025, following a significant drop in stock price after disappointing financial results [1][5]. Financial Performance - On August 6, 2025, Fortinet reported its Q2 2025 financial results, indicating that it was "approximately 40% to 50% of the way through the 2026 firewall upgrade cycle" and provided weaker-than-expected revenue guidance for Q3, projecting revenue between $1.67 billion and $1.73 billion [2][4]. Stock Price Reaction - Following the announcement of the financial results, Fortinet's stock price fell by $21.28, or 22%, closing at $75.30 per share on August 7, 2025, which negatively impacted investors [3]. Allegations in the Lawsuit - The class action lawsuit alleges that Fortinet made materially false and misleading statements regarding its business operations and prospects, including: 1. Misrepresentation of the profitability of the refresh cycle, which was based on old products that constituted a small percentage of the business [4]. 2. Lack of clarity on the actual number of FortiGate firewalls eligible for upgrades [4]. 3. Concealment of the rapid progress of the refresh cycle, which was pushed through in a few months rather than over two years as claimed [4]. 4. Overall misleading statements about the company's business health and future prospects [4].

LOS ANGELES, Sept. 26, 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]. Allegations of Misconduct - 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 misleading statements about the company's operational capabilities [2]. - The complaint asserts that Fortinet misled investors by claiming the refresh would gain momentum over two years, while in reality, it aggressively pushed through half of the refresh in just a few months by the end of Q2 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business and prospects were materially false and lacked a reasonable basis [2]. Lead Plaintiff Process - Fortinet investors 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 and who are representative of the class [3]. - Participation as a lead plaintiff does not affect the ability to share in any recovery from the lawsuit [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]. - The firm emphasizes its commitment to protecting investors and consumers from fraud and negligence [4].

Group 1: Company Analysis - Fortinet Inc reported strong quarterly earnings, with revenue increasing by 20% year-over-year, reaching $1.1 billion [1] - Shopify Inc has shown significant growth in its merchant base, with a 15% increase in active users, now totaling 2.5 million [1] - Both companies are positioned well in their respective markets, with Fortinet focusing on cybersecurity solutions and Shopify enhancing its e-commerce platform [1] Group 2: Market Trends - The cybersecurity market is expected to grow at a compound annual growth rate (CAGR) of 10% over the next five years, driven by increasing cyber threats [1] - E-commerce continues to expand, with online sales projected to reach $6 trillion globally by 2024, indicating a robust environment for Shopify [1] - Investment in technology and digital transformation is a key trend influencing both sectors, as companies seek to enhance security and online presence [1]

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. on behalf of shareholders who purchased common stock between November 8, 2024, and August 6, 2025, alleging that the company made materially false and misleading statements regarding its business performance and product upgrades [1][5][6] Group 1: Lawsuit Details - The lawsuit claims that Fortinet's executives misrepresented the impact and sustainability of a significant upgrade cycle for FortiGate units, projecting revenues of $400 million to $450 million for 2025 and 2026 [5] - It is alleged that the executives knew the upgrade cycle would not be as profitable as claimed, as it involved older products that represented a "small percentage" of the company's business [6] - The lawsuit also states 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 rapidly in a few months rather than over the projected two years [6] Group 2: Investor Actions - Shareholders who purchased Fortinet stock during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - Interested parties can join the class action by visiting the provided link or contacting the law firm for more information [3][7] - A lead plaintiff must be appointed by November 21, 2025, to represent the interests of the class members in the litigation [1][3] Group 3: Law Firm Credentials - The Rosen Law Firm, which is handling the case, has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4] - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4]

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. ("Fortinet†) (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the "Class Period†). The lead plaintiff deadline is November 21, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Fortine. ...

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly making false and misleading statements regarding its product sales and customer upgrade cycles [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from November 8, 2024, to August 6, 2025, with a deadline for lead plaintiff appointments set for November 21, 2025 [2]. - The complaint alleges that Fortinet misled investors by claiming that its customers' "refresh cycle" resulted in "record" levels of firewall upgrades, while the company was actually selling outdated products and quickly exhausting the upgrade cycle [2]. Group 2: Shareholder Participation - Shareholders who purchased shares during the specified class period are encouraged to contact the DJS Law Group for potential lead plaintiff appointments, although this is not a requirement for recovery [2][3]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress at no cost [3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents large hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [4].

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming November 21, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Fortinet, Inc. ("Fortinet†or the "Company†) (NASDAQ: FTNT) common stock between November 8, 2024 through August 6, 2025, inclusive (the "Class Period†). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FORTINET, INC. (FTNT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE. ...