Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fortinet, Inc. (FTNT)

Core Viewpoint - A securities 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 [1][2]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California on behalf of all individuals or entities that purchased Fortinet shares between November 8, 2024, and August 6, 2025 [1]. - Allegations include that defendants misrepresented the potential profitability of the refresh cycle, which involved old products that constituted a "small percentage" of Fortinet's business [2]. - The complaint also claims 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 process [2]. Group 2: Investor Information - Investors who acquired Fortinet shares during the class period are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on November 21, 2025 [3]. - The lead plaintiff will act on behalf of other class members in directing the litigation [3].