INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FortinetFortinet(US:FTNT) GlobeNewswire News Room·2025-08-21 17:27

Core Viewpoint - Fortinet, Inc. is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q2 2025, which led to a significant drop in stock price [1][3]. Financial Performance - On August 6, 2025, Fortinet reported disappointing second quarter 2025 financial results, causing confusion among investors regarding the company's product revenue growth and billings [3]. - The company indicated that 40% to 50% of its accelerated firewall refresh, estimated at $450 million and involving 650,000 units, was completed, yet this did not translate into expected revenue growth [3]. - Following the announcement, Fortinet's stock price fell by $21.28 per share, or 22.03%, closing at $75.30 per share on August 7, 2025 [3]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of Fortinet investors regarding possible securities fraud or other unlawful business practices by the company and its officers or directors [1]. - Investors are encouraged to contact Pomerantz LLP for more information regarding the class action [2]. Company Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [4].

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT - Reportify