Group 1 - A class action lawsuit has been filed on behalf of investors who acquired Fortinet, Inc. securities during the period of November 8, 2024 through August 6, 2025 [1] - Investors who suffered losses on their Fortinet investments have until November 21, 2025 to request lead plaintiff appointment [1]

Group 1 - A class action lawsuit has been filed on behalf of investors who purchased Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025 [1] - Fortinet investors have until November 21, 2025, to file a lead plaintiff motion [1] - The lawsuit is initiated by the Law Offices of Howard G. Smith [1]

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for alleged misrepresentations regarding its product refresh cycle and the actual number of FortiGate firewalls eligible for upgrades, leading to significant investor losses during the specified class period [2][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 percentage" of the company's business [8]. - It is alleged that Fortinet did not have a clear understanding of the number of FortiGate firewalls that could be upgraded and misrepresented the momentum of the refresh cycle, which was pushed through rapidly in a short time frame [8]. - On August 6, 2025, Fortinet disclosed during an earnings call that it was already "approximately 40% to 50% of the way through the 2026 upgrade cycle" by the end of Q2 2025, contradicting earlier statements [8]. - The lawsuit further alleges that Fortinet admitted the difficulty in predicting the total number of FortiGates needing upgrades and indicated that customers had excess firewall capacity from previous purchases, which diminished the need for upgrades [8]. - Following these revelations, Fortinet's stock price dropped by more than 22% [8]. Next Steps - Investors who purchased Fortinet shares during the class period and suffered losses are encouraged to contact the law firm Bragar Eagel & Squire for more information and to discuss their legal rights [4].

Group 1 - A class action lawsuit has been filed on behalf of purchasers and acquirers of Fortinet, Inc. common stock for the period between November 8, 2024, and August 6, 2025 [1] - Fortinet, Inc. is identified as a cyber security company [1] - The lawsuit is being investigated by Rosen Law Firm, a global investor rights law firm [1]

Core Viewpoint - A securities 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 [1][2]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California on behalf of all individuals or entities that purchased Fortinet shares between November 8, 2024, and August 6, 2025 [1]. - Allegations include that defendants misrepresented the potential profitability of the refresh cycle, which involved old products that constituted a "small percentage" of Fortinet's business [2]. - The complaint also claims that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh process [2]. Group 2: Investor Information - Investors who acquired Fortinet shares during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on November 21, 2025 [3]. - The lead plaintiff will act on behalf of other class members in directing the litigation [3].

Core Insights - Fortinet's geographic mix is shifting, with EMEA becoming a crucial growth driver, showing an 18% year-over-year revenue increase in Q2 2025, compared to 11% growth in the Americas and APAC [1][9] - The demand for advanced cybersecurity and secure networking solutions is rising, particularly in EMEA, driven by hybrid work models and stricter data-sovereignty regulations [2] - Fortinet is investing in regional infrastructure, exemplified by a €40 million high-security data center in Spain to enhance its services in key European markets [3] Revenue Growth Projections - The Zacks model forecasts continued momentum, projecting 2025 revenue growth of 13% for EMEA, 12% for the Americas, and 14% for APAC, indicating a balanced expansion strategy [4] Competitive Landscape - Palo Alto Networks generates 67% of its revenues from the Americas, with EMEA at 21% and APAC at 13%, indicating a reliance on the U.S. market but also showing international growth potential [5] - Zscaler has a strong international presence with 55% of revenues from the Americas, 29% from EMEA, and 16% from APAC, demonstrating superior scalability and growth in cloud-first regions [6] Stock Performance and Valuation - Year-to-date, Fortinet shares have declined by 10.1%, underperforming the Zacks Security industry's 21.2% gain and the Zacks Computer and Technology sector's 22.4% rise [7] - Fortinet appears overvalued with a forward 12-month price-to-sales ratio of 8.85, exceeding the sector average of 7.1 [10] - The consensus estimate for 2025 earnings is $2.52 per share, reflecting a 6.33% year-over-year growth [13]

Core Viewpoint - The lawsuit claims that defendants made false statements regarding Fortinet's business and prospects, leading to inflated stock prices [1] Company Summary - The allegations suggest that misleading information was disseminated about Fortinet, impacting investor perception and stock valuation [1]

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 the company's product refresh cycle and its impact on business performance [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled "Oklahoma Firefighters Pension and Retirement System v. Fortinet, Inc." and covers purchasers of Fortinet common stock from November 8, 2024, to August 6, 2025 [1]. - Allegations include that Fortinet executives misrepresented the potential profitability of the product refresh cycle, which was based on older products that constituted a "small percentage" of the company's business [3][4]. - The lawsuit claims that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle [3][4]. Group 2: Financial Impact - On August 6, 2025, during an earnings call, Fortinet disclosed that it was "approximately 40% to 50% of the way through the 2026 upgrade cycle" by the end of Q2 2025, contradicting earlier statements [4]. - The lawsuit asserts that the refresh cycle had limited business impact due to the age of the products involved, which were sold when Fortinet's business was significantly smaller [4]. - Following the earnings call, Fortinet's stock price dropped by more than 22%, indicating a significant market reaction to the revelations [4]. Group 3: Legal Process - Investors who purchased Fortinet common stock during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [5]. Group 4: Firm Background - 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 [6]. - The firm has a strong track record in securing monetary relief for investors, ranking 1 in the ISS Securities Class Action Services for four out of the last five years [6].

Group 1 - A class action was filed on behalf of individuals and entities that purchased or acquired Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025 [1]

Core Viewpoint - The law firm Kessler Topaz Meltzer & Check, LLP is investigating potential violations of federal securities laws on behalf of investors of Fortinet, Inc. (NASDAQ: FTNT) [1] Company Summary - Fortinet, Inc. is currently under investigation for possible legal violations related to federal securities laws [1] - The investigation is being conducted by a law firm specializing in securities law, indicating potential concerns regarding the company's compliance with regulations [1] Industry Context - The investigation reflects ongoing scrutiny within the technology sector, particularly for companies involved in cybersecurity, as regulatory compliance becomes increasingly critical [1] - Investors in the cybersecurity industry should remain vigilant regarding legal developments that may impact company valuations and market perceptions [1]