Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was [2]. - It is alleged that the refresh cycle consisted of old products that represented only a "small percentage" of Fortinet's overall business [2]. - The complaint also states that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh momentum was overstated, with only half of the refresh completed by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified period have until November 21, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, asserting it would be more profitable than it actually was, as it involved old products that represented a "small percentage" of the Company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh momentum was overstated, with approximately half of the refresh completed in just a few months by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Insights - Fortinet, Inc. is a cybersecurity company with a market cap of $64.5 billion, offering a range of security solutions including next-generation firewalls and cloud security [1] Performance Overview - Over the past 52 weeks, Fortinet's shares have increased by 6.9%, underperforming the S&P 500 Index which rose by 17.4% [2] - Year-to-date, Fortinet's stock is down 10.9%, while the S&P 500 has surged by 16% [2] - Fortinet has also lagged behind the Xtrackers Cybersecurity Select Equity ETF, which saw a 12.4% increase over the past year and a 9.7% rise year-to-date [3] Financial Performance - In Q2, Fortinet reported total revenue of $1.6 billion, a 13.6% year-over-year increase, slightly exceeding consensus estimates [4] - Net income for the same quarter rose by 15.9% to $440.1 million, and cash flow from operations increased by 12.2% to $1.3 billion [4] - The company's fiscal 2025 revenue guidance of $6.7 billion to $6.8 billion fell short of Wall Street expectations, negatively impacting investor sentiment [5] Earnings Expectations - Analysts project Fortinet's EPS to grow by 5.7% year-over-year to $2.21 for the current fiscal year ending in December [5] - Fortinet has a strong earnings surprise history, having exceeded consensus estimates in each of the last four quarters [5] Analyst Ratings - Among 42 analysts covering Fortinet, the consensus rating is a "Hold," with nine "Strong Buy," 30 "Hold," one "Moderate Sell," and two "Strong Sell" ratings [6] - This rating configuration has become less bullish compared to three months ago, where 14 analysts previously suggested a "Strong Buy" [7] - A recent price target of $87 was maintained by Jonathan Ruykhaver from Cantor Fitzgerald, indicating a potential upside of 3.3% from current levels [7]

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 common stock during the specified Class 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 contacting Rosen Law Firm [2][6]. - The lead plaintiff must file a motion with the Court by November 21, 2025, to represent other class members in the litigation [2]. Group 2: Allegations Against Fortinet - The lawsuit claims that Fortinet made materially false and misleading statements regarding the impact and sustainability of a significant round of FortiGate unit upgrades, which were projected to generate between $400 million and $450 million in product revenue in 2025 and 2026 [4]. - It is alleged that the company misrepresented the potential of the refresh cycle, which was said to gain momentum in the latter half of 2025, while in reality, it consisted of older 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 that the refresh cycle was pushed through much faster than communicated, leading to investor damages when the true situation was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions of dollars for investors [3]. - The firm has been recognized for its leadership in securities class action settlements, achieving the largest settlement against a Chinese company at the time and ranking highly in the number of settlements since 2013 [3].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. regarding a class action lawsuit related to alleged misleading statements made by the company during a specific period [1][3]. Group 1: Allegations - The complaint alleges that Fortinet misrepresented the potential profitability of its product refresh cycle, claiming it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [3]. - It is claimed that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, contradicting their statements to investors about the refresh gaining momentum over two years [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 8, 2024, to August 6, 2025, with a deadline for shareholders to register for participation set for November 21, 2025 [3][4]. - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case's progress, and there is no cost or obligation to participate [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, emphasizing the importance of responsible corporate behavior [5].

Core Points - Class action lawsuits have been filed on behalf of shareholders of several publicly-traded companies, with specific deadlines for filing lead plaintiff motions [1] RCI Hospitality Holdings, Inc. (NASDAQ: RICK) - Class period is from December 15, 2021, to September 16, 2025, with a lead plaintiff deadline of November 20, 2025 [2] - Allegations include materially false and misleading statements regarding tax fraud and bribery, which resulted in an understatement of legal risks and misleading positive statements about the company's business [2] Fortinet, Inc. (NASDAQ: FTNT) - Class period is from November 8, 2024, to August 6, 2025, with a lead plaintiff deadline of November 21, 2025 [3] - Allegations include misleading statements about the refresh cycle of products, lack of clarity on upgradeable firewalls, and misrepresentation of the refresh momentum, leading to materially misleading positive statements about the company's prospects [3] Molina Healthcare, Inc. (NYSE: MOH) - Class period is from February 5, 2025, to July 23, 2025, with a lead plaintiff deadline of December 2, 2025 [4] - Allegations include failure to disclose adverse facts regarding medical cost trend assumptions, dependency on low utilization of services for growth, and the likelihood of cutting financial guidance for fiscal year 2025, resulting in materially misleading positive statements about the company's operations [4]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit due to alleged false statements and misrepresentations made by the company during a specific class period [1]. Group 1: Allegations and Class Period - The class period for the alleged misconduct is from November 8, 2024, to August 6, 2025 [1]. - Allegations include that Fortinet misrepresented the potential profitability of a product refresh cycle, claiming it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [1]. - The complaint also states 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 cycle, which was pushed through aggressively in a short time frame [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of FTNT during the specified period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for November 21, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades for FortiGate Firewalls, leading to significant stock price decline after the truth was revealed [1][2][3]. Allegations - The complaint states that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates needing upgrades [2] - It was noted that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the FortiGate products was said to have minimal business impact, as it represented only a small percentage of the company's business due to the age of the products [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]. Class Action Participation - Shareholders may be eligible to participate in the class action against Fortinet, with options to serve as lead plaintiff or remain an absent class member [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].

Core Viewpoint - A class action securities fraud lawsuit has been filed against Fortinet, Inc. to recover losses incurred by shareholders due to alleged misrepresentations regarding the company's product refresh cycle and its impact on business performance [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for shareholders affected by alleged securities fraud occurring between November 8, 2024, and August 6, 2025 [2]. - The complaint alleges that Fortinet's management made false statements and concealed critical information about the refresh cycle of their products, indicating it would not be as profitable as claimed [3]. - It is claimed that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh was pushed through much faster than communicated to investors [3]. Group 2: Legal Representation - Levi & Korsinsky LLP, a well-established securities litigation firm, is representing the plaintiffs in this case, having a strong track record in securing significant recoveries for shareholders [5]. - The firm has been recognized in the Top 50 Report by ISS Securities Class Action Services for seven consecutive years, highlighting its expertise in complex securities litigation [5].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet misrepresented the potential profitability of its product refresh cycle, stating it would not be as lucrative as suggested, as it involved old products that constituted a "small percentage" of the Company's business [2]. - Defendants allegedly concealed the true number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through aggressively in a short time frame [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until November 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].