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FORTINET ALERT: Bragar Eagel & Squire, P.C. is Investigating Fortinet, Inc. on Behalf of Fortinet Stockholders and Encourages Investors to Contact the Firm
FortinetFortinet(US:FTNT) GlobeNewswire News Roomยท2025-08-26 20:39

Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against Fortinet, Inc. regarding possible violations of federal securities laws and unlawful business practices [2] - Fortinet reported disappointing second quarter 2025 financial results, leading to confusion among investors about its product revenue growth [3] Financial Performance - On August 6, 2025, Fortinet announced second quarter results that did not meet investor expectations, resulting in a significant stock price drop [3] - The company's stock price fell by $21.28 per share, or 22.03%, closing at $75.30 per share on August 7, 2025 [3] Market Reaction - Analyst Jonathan Ho from William Blair noted that confusion arose from Fortinet's statement regarding the completion of 40% to 50% of its accelerated firewall refresh, which is estimated to be a $450 million opportunity [3]