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]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] AI and Energy Demand - AI technologies, particularly large language models like ChatGPT, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The energy requirements for AI are expected to escalate, leading to potential crises in power grids and rising electricity prices [2][3] Investment Opportunity - The company in focus is positioned to benefit from the surge in demand for electricity driven by AI, making it a unique investment opportunity [3][6] - It is noted that this company is not a chipmaker or cloud platform but plays a crucial role in the energy infrastructure necessary for AI [3][6] Financial Position - The company is described as being debt-free and holding a significant cash reserve, which is nearly one-third of its market capitalization [8] - It is trading at a low valuation of less than 7 times earnings, indicating a potentially undervalued investment opportunity [10] Strategic Positioning - The company is involved in the U.S. LNG exportation sector, which is expected to grow under the current administration's energy policies [7] - It has a unique footprint in nuclear energy, positioning it as a key player in the future of clean and reliable power [14] Market Trends - The article discusses the broader trends of onshoring and tariffs that are influencing the energy and AI sectors, suggesting that the company is well-positioned to capitalize on these trends [5][14] - There is a growing interest from hedge funds in this company, indicating that it is gaining recognition among sophisticated investors [9][10]

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 submitting a form or contacting the 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 product revenue of $400 million to $450 million 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 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 rapidly in a short time frame [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [3].