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 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 company's business [2]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which misled investors [2]. - The company reportedly misrepresented the momentum of the refresh cycle, claiming it would gain traction over two years while actually pushing through about half of it in just a few months by the end of Q2 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future 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 in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and must select counsel to represent the class [3]. Firm Background - 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 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, 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 cycle was pushed through more quickly than communicated, with approximately half completed 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 is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].

Core Insights - The 2025 Hurun Rich List was released, with Fortinet founder Ken Xie ranking 126th with a wealth of 44.5 billion RMB, an increase of 4.5 billion RMB or 11% over the past year, despite a drop of 19 places in ranking [1][2] - Fortinet reported a net profit of 440 million USD for Q2 of fiscal year 2025, a year-on-year increase of 15.79%, and revenue of 1.63 billion USD, up 13.67% year-on-year, indicating a steady upward trend in performance [1] - Fortinet is a platform-based cybersecurity provider, offering products in network security, cloud security, zero trust access, and security operations, with a significant portion of revenue derived from subscription and support services [1] Company Performance - Ken Xie's wealth growth is supported by Fortinet's strong market performance, reflecting the company's solid technical foundation and ongoing positive results [2] - The company has over 800,000 customers globally, highlighting its extensive market reach and customer base [1] Industry Outlook - The demand for cybersecurity is continuously growing amid deepening digital transformation, positioning Fortinet favorably for future development [2]

Core Insights - Fortinet, Inc. (NASDAQ: FTNT) has seen a decline of over 38% from its all-time high in February, followed by a brief recovery, and is currently down 25% from that peak [1] Company Performance - The stock experienced a significant selloff after reaching its peak, indicating potential volatility in its market performance [1]

Core Viewpoint - Fortinet, Inc. (NASDAQ: FTNT) has seen a decline of over 38% from its all-time high in February, with a current drop of 25% after a brief recovery [1] Company Performance - The stock experienced a significant selloff from its peak, indicating potential volatility in its market performance [1] Investment Perspective - The analysis reflects a focus on identifying investment opportunities in technology companies, with a long-term holding strategy [2]

Core Points - The meeting is a Special Meeting of shareholders of Verano, chaired by the CEO and Chairman, George Archos [1] - The Chief Investment Officer, Aaron Miles, outlines the voting eligibility for the meeting, which includes holders of Class A subordinate voting shares as of the record date of September 25, 2025 [2] - The meeting is conducted virtually via live audiocast, with electronic voting through the Lumi system for registered shareholders and validly appointed proxy nominees [3] Voting Procedures - Voting on all matters will be conducted by electronic ballot, and only registered shareholders and validly appointed proxy nominees can participate [3] - Votes cast during the meeting will supersede any previously submitted proxy votes, advising shareholders who do not wish to change their vote to refrain from voting again [3]

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]. Summary by Relevant Sections 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 [1]. - It is also claimed that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, stating it would gain traction over two years while pushing through about half of it in just a few months by the end of Q2 2025 [1]. Class Action Details - The class period for the lawsuit is defined as November 8, 2024, to August 6, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is November 21, 2025, and there is no cost or obligation to participate in the case [2]. Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceitful practices and seeks to ensure companies adhere to responsible business practices [3].

Core Points - A securities class action lawsuit has been filed against Fortinet, Inc. for alleged misleading statements and omissions during the Class Period from November 8, 2024, to August 6, 2025 [1][2] - The lead plaintiff deadline for investors to seek representation is November 21, 2025 [1][3] Allegations Against Fortinet - The complaint claims that Fortinet misrepresented the profitability of its 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 [2] - Fortinet allegedly concealed the true number of FortiGate firewalls eligible for upgrades, leading to misleading statements about the company's operations and prospects [2] - The company is accused of misrepresenting the momentum of the refresh cycle, having pushed through approximately half of it in just a few months by the end of Q2 2025, contrary to claims of gradual growth over two years [2]

Core Viewpoint - A 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, leading to significant losses for investors [7]. Allegation Details - The lawsuit claims that Fortinet's management misled investors about the profitability of the refresh cycle, stating it would be lucrative when it was actually based on outdated products that represented a small portion of the business [7]. - It is alleged that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misrepresented the momentum of the refresh cycle, which was pushed through rapidly in a short time frame [7]. - 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 [7]. 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 [7].

Core Insights - Fortinet (NASDAQ: FTNT) is a cybersecurity company that provides integrated network, cloud, and endpoint protection solutions, with earnings scheduled for November 5, prompting analysis of its stock for potential investment opportunities [1] Group 1: Company Overview - Fortinet specializes in cybersecurity solutions, focusing on integrated network, cloud, and endpoint protection [1] Group 2: Investment Strategy - The analysis emphasizes a GARP (growth at a reasonable price) investment strategy while remaining open to other opportunities [1] - The investment horizon is flexible, with a focus on holding stocks as long as the investment thesis remains valid [1] Group 3: Analyst Background - The analyst has developed market-beating algorithms using Python to identify attractive investment opportunities and has been investing since 2016 [1] - Previous experience includes roles at TipRanks as an analysis/news writer and editor, enhancing the understanding of market trends and investor interests [1]