Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Fortinet, Inc. regarding possible violations of federal securities laws and unlawful business practices [1][3]. 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" based on remaining active units and service contracts [3]. - The company provided weaker than expected revenue guidance for Q3 2025, projecting revenue between $1.67 billion and $1.73 billion [3]. Stock Market Reaction - Following the financial results announcement, Fortinet's share price fell by $21.28, or approximately 22%, from $96.58 on August 6, 2025, to close at $75.30 on August 7, 2025 [4].
Kirby McInerney LLP Announces Investigation Against Fortinet, Inc. on Behalf of Investors