FTNT Investors Have Opportunity to Lead Fortinet, Inc. Securities Fraud Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. on behalf of shareholders who purchased common stock between November 8, 2024, and August 6, 2025, alleging that the company made materially false and misleading statements regarding its business performance and product upgrades [1][5][6]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's executives misrepresented the impact and sustainability of a significant upgrade cycle for FortiGate units, projecting revenues of $400 million to $450 million for 2025 and 2026 [5]. - It is alleged that the executives knew the upgrade cycle would not be as profitable as claimed, as it involved older products that represented a "small percentage" of the company's business [6]. - The lawsuit also states that Fortinet concealed the true number of firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through rapidly in a few months rather than over the projected two years [6]. Group 2: Participation in the Class Action - Shareholders who purchased Fortinet stock during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][7]. - It is noted that no class has been certified yet, and investors are not represented by counsel unless they retain one [8].