Accessibility StatementSkip Navigation NEW YORK, Sept. 25, 2025 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fortinet, Inc. ("Fortinet" or "the Company") (NASDAQ: FTNT) and certain of its officers. Class Definition A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/FTNT. or you may contact P ...

Group 1: Salesforce Inc - Salesforce Inc continues to show strong growth in its cloud-based services, with a reported revenue increase of 25% year-over-year [1] - The company has expanded its customer base significantly, adding over 10,000 new customers in the last quarter [1] - Salesforce's focus on AI integration within its platform is expected to drive further growth and enhance customer engagement [1] Group 2: Fortinet Inc - Fortinet Inc reported a 30% increase in revenue, driven by strong demand for cybersecurity solutions [1] - The company has seen a notable rise in its subscription services, which now account for 70% of total revenue [1] - Fortinet's recent partnerships with major cloud providers are expected to enhance its market position and drive future growth [1] Group 3: CrowdStrike Holdings Inc - CrowdStrike Holdings Inc experienced a revenue growth of 40% year-over-year, reflecting the increasing need for endpoint security [1] - The company has successfully expanded its product offerings, which has contributed to a 25% increase in average revenue per user [1] - CrowdStrike's innovative approach to threat detection and response is positioning it as a leader in the cybersecurity market [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: Participation in the Class Action - 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 directly [3][7]. - It is noted that no class has been certified yet, and investors are not represented by counsel unless they retain one [8].

Group 1 - A class action has been filed against Fortinet, Inc. on behalf of shareholders who purchased stock between November 8, 2024, and August 6, 2025 [1] - Allegations include misrepresentation regarding the impact of unit upgrades for FortiGate firewalls, specifically that it was difficult to predict the number of upgrades needed and that many customers had excess firewall capacity [2] - Following the revelation of these issues, Fortinet's stock price dropped over 22%, from $96.58 on August 6, 2025, to $75.30 on August 7, 2025 [3] Group 2 - Shareholders interested in participating as lead plaintiffs in the class action are encouraged to contact Robbins LLP, with the option to remain absent from the case while still being eligible for recovery [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Fortinet, Inc. ("Fortinet†or the "Company†) (NASDAQ: FTNT) common stock between November 8, 2024 through August 6, 2025, inclusive (the "Class Period†). Fortinet investors have until November 21, 2025 to file a lead plaintiff motion. IF YOU SUFFERED A LOSS O. ...

LOS ANGELES--(BUSINESS WIRE)--Law Offices of Frank R. Cruz Encourages Fortinet, Inc. (FTNT) Investors To Inquire About Securities Fraud Class Action. ...

Company Overview - Fortinet, Inc. (NASDAQ: FTNT) is a prominent American cybersecurity company recognized for its firewall and network security solutions [2] - The company has achieved a total stock increase of 6.9% over the last five consecutive days, adding approximately $4.5 billion to its market capitalization, which now stands at about $65 billion [2] Financial Performance - Fortinet has demonstrated strong financial performance, characterized by consistent revenue growth, expanding margins, and healthy free cash flow, indicating operational and financial discipline [4] - Despite recent gains, the stock is still 9.7% lower than its value at the close of 2024, while the year-to-date returns for the S&P 500 are at 13.2% [2] Industry Context - The cybersecurity sector is experiencing rapid expansion due to digital transformation, cloud adoption, IoT devices, and hybrid work environments, leading to a high demand for comprehensive security solutions [3] - Investors are assigning premium valuations to leading cybersecurity firms, including Fortinet, reflecting the sector's growth potential [4] Market Trends - Fortinet's recent stock performance indicates increasing investor confidence, as a series of winning days can signal momentum that may lead to further buying activity [7] - There are currently 57 S&P 500 constituents with three or more consecutive days of gains, highlighting a broader trend of positive market sentiment [8]

Core Viewpoint - The Fortinet class action lawsuit alleges that the company and its executives misrepresented the potential of their product refresh cycle and concealed critical information regarding the upgrade of FortiGate firewalls, leading to significant financial losses for investors [1][3][4]. Group 1: Allegations of Misrepresentation - The lawsuit claims that Fortinet's executives misled investors about the profitability of the refresh cycle, stating it would be more lucrative than it actually was, as it involved older products that represented a "small percentage" of the business [3][4]. - It is alleged that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades, contradicting their public statements [3][4]. - During an earnings call on August 6, 2025, Fortinet disclosed that they were already "approximately 40% to 50% of the way through the 2026 upgrade cycle," which was a significant deviation from prior expectations [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 strong negative market reaction to the disclosed information [4]. Group 3: Class Action Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fortinet common stock during the specified class period to seek appointment as lead plaintiff in the lawsuit [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]. - The firm has been recognized for its significant recoveries in securities class action cases, including the largest recovery in history of $7.2 billion in the Enron case [6].

Core Viewpoint - Fortinet, Inc. is facing a lawsuit for alleged violations of securities laws, which may impact its financial standing and investor confidence [1] Group 1 - The lawsuit has been initiated by the DJS Law Group, indicating potential legal challenges for Fortinet [1] - The allegations suggest that Fortinet may have misled investors regarding its financial performance or operational practices [1] - This legal action could lead to significant financial repercussions for the company, depending on the outcome of the case [1]

Group 1 - The article discusses an opportunity for investors in Fortinet, Inc. to lead a securities fraud lawsuit with the Schall Law Firm [1] - The focus is on the potential legal actions that could arise from alleged securities fraud involving Fortinet, Inc. [1] - The involvement of the Schall Law Firm indicates a structured approach to addressing investor grievances related to the company's performance [1]