Group 1 - Fortinet Inc. stock is currently trading at $84.55, reflecting a 0.56% increase, with a 10.41% rise over the past month and a 9.83% increase over the past year, indicating optimism among long-term shareholders [1] - The price-to-earnings (P/E) ratio is a critical metric for investors, measuring the current share price relative to the company's earnings per share (EPS), and is used to assess the company's performance against historical data and industry benchmarks [5] - A higher P/E ratio suggests that investors expect better future performance, potentially indicating overvaluation, while a lower P/E may imply undervaluation or lack of expected growth [8] Group 2 - Fortinet's P/E ratio is lower than the software industry's aggregate P/E of 117.7, which may suggest that the stock could be undervalued compared to its peers [6] - The P/E ratio has limitations and should not be used in isolation; it is essential to consider other financial metrics and qualitative factors to make informed investment decisions [8]

Core Viewpoint - Investors in Fortinet, Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged misrepresentations by the company regarding its product refresh cycle and business operations [1][2]. Summary by Sections Lawsuit Details - The lawsuit alleges that from November 8, 2024, to August 6, 2025, Fortinet failed to disclose critical information to investors, including the limited profitability of the product refresh cycle, which consisted of old products that represented a "small percentage" of the company's business [2]. - It is claimed that Fortinet did not accurately assess the number of FortiGate firewalls eligible for upgrades and misrepresented the momentum of the refresh cycle, which was pushed through aggressively in a short time frame, contrary to the company's statements [2]. Investor Participation - Investors who suffered losses related to Fortinet are encouraged to participate in the ongoing lawsuit, with a lead plaintiff deadline set for November 21, 2025 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information on how to participate or for inquiries regarding their rights [3][4].

Core Insights - The article discusses the 13 best quality stocks to buy currently, emphasizing their ability to endure macroeconomic unpredictability and capture growth trends in technology, healthcare, and energy [1][4]. Group 1: Market Trends - On September 29, 2025, gold reached a record high above $3,800, while oil prices fell due to new supply expectations [2]. - U.S. and global stock markets saw minor increases despite concerns over a potential U.S. government shutdown, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posting gains [2]. - Analysts noted that Q4 typically supports stock performance due to seasonal buying patterns, with investor confidence still being influenced by Federal Reserve policy [3]. Group 2: Stock Selection Methodology - The list of the 13 best quality stocks was curated using the Finviz screener, focusing on companies with a positive net profit margin and a minimum revenue CAGR of 20% over the past five years [6]. - Stocks were ranked based on the number of hedge funds holding stakes as of Q2 2025, utilizing Insider Monkey's hedge fund database [6][7]. Group 3: Company Highlights - Fortinet, Inc. (NASDAQ:FTNT) is highlighted for its significant upside potential, despite a downgrade from Morgan Stanley due to concerns about a shorter-than-expected firewall refresh cycle [8]. - Fortinet continues to grow its product line and maintains a strong financial position with more cash than debt, alongside excellent free cash flow generation [9]. - Zoom Communications, Inc. (NASDAQ:ZM) is recognized for its strong financial metrics, including a 5-year revenue growth of 28.69% and a profit margin of 24.99%, supported by hedge fund interest [12]. - Agnico Eagle Mines Limited (NYSE:AEM) demonstrated significant upside potential, selling shares of Royal Road Minerals Limited for nearly $4.1 million, reflecting a strategic approach to capital allocation [17][18].

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 prospects during the class period from November 8, 2024, to August 6, 2025 [1][2]. Group 1: Allegations Against Fortinet - 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 lack of clarity regarding the actual number of FortiGate firewalls eligible for upgrades [2]. - The company reportedly misled investors by claiming that the refresh would gain momentum over two years, while it had already pushed through about 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 about its business and operations were deemed materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Contact Information - Kessler Topaz Meltzer & Check, LLP encourages affected Fortinet investors to reach out for more information regarding the lawsuit [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].

Core Viewpoint - Fortinet, Inc. is facing a securities fraud class action lawsuit due to misleading statements regarding its business performance and the sustainability of its product upgrade cycle, which led to significant stock price decline after disappointing financial results [3][4]. 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" [3]. - The company provided weaker than expected revenue guidance for Q3 2025, projecting revenue between $1.67 billion and $1.73 billion [3]. - Following the announcement, Fortinet's share price dropped by $21.28, or approximately 22%, from $96.58 to $75.30 [3]. Lawsuit Details - The lawsuit is on behalf of investors who purchased Fortinet securities from November 8, 2024, to August 6, 2025 [4]. - Allegations include that Fortinet made materially false and misleading statements about the impact and sustainability of a "record" upgrade cycle, claiming it would generate $400 million to $450 million in product revenue for 2025 and 2026 [4]. - The lawsuit asserts that Fortinet misrepresented the true nature of the upgrade cycle, which consisted of older products and did not have a clear understanding of the number of firewalls eligible for upgrades [4].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly making materially false and misleading statements regarding the business impact of a significant upgrade cycle for its FortiGate units, which has led to investor damages during the specified class period from November 8, 2024, to August 6, 2025 [1][5][6]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management misrepresented the scale and profitability of a "record" refresh cycle, projecting product revenue between $400 million to $450 million for 2025 and 2026, while knowing that the actual refresh cycle would not be as lucrative [5][6]. - It is alleged that the refresh cycle consisted of older products that represented only a "small percentage" of Fortinet's business, contradicting the company's optimistic projections [6]. - The lawsuit indicates 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 more rapidly than communicated [6]. Group 2: Investor Actions - Investors who purchased Fortinet common 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 for more information [3][7]. - A lead plaintiff must file a motion with the court by November 21, 2025, to represent the interests of other class members [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in terms of the number of securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Viewpoint - The law firm Robbins Geller Rudman & Dowd LLP has announced a class action lawsuit against Fortinet, Inc. for alleged violations of the Securities Exchange Act of 1934, involving claims of misrepresentation regarding the company's product refresh cycle and its impact on business performance [1][3][4]. Group 1: Allegations of the Lawsuit - The lawsuit alleges that Fortinet's executives misrepresented the potential profitability of the product refresh cycle, claiming it would be lucrative despite it consisting of older products that represented a "small percentage" of the business [3]. - It is claimed that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades, misleading investors about the refresh cycle's momentum [3][4]. - On August 6, 2025, 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 and leading to a stock price drop of over 22% [4]. Group 2: 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 select a law firm of their choice for litigation [5]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is recognized as a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [6].

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for alleged misleading statements and omissions regarding the company's business operations and prospects during the Class Period from November 8, 2024, to August 6, 2025 [1]. Group 1: Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the business [3]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which was not disclosed to investors [3]. - The complaint asserts that Fortinet misled investors by claiming that the refresh would gain momentum over two years, while in reality, the company had pushed through about half of the refresh in just a few months by the end of Q2 2025 [3]. - As a result of these actions, the statements made by Fortinet regarding its business and future prospects were materially false and misleading [3]. Group 2: Legal Process and Participation - Investors in Fortinet have until November 21, 2025, to seek appointment as lead plaintiff in the class action, which involves representing the interests of all class members [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for directing the litigation [4]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any potential recovery [4].

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].