Class Action Announcement for Fortinet, Inc. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Fortinet, Inc. - Contact Kessler Topaz Meltzer & Check, LLP

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for allegedly making false and misleading statements regarding its business operations and product refresh cycle during the specified Class Period from November 8, 2024, to August 6, 2025 [1][2]. Allegations Against Defendants - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be lucrative despite it consisting of old products that were only a "small percentage" of the business [2]. - It is alleged that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades, leading to a lack of transparency regarding its operational capabilities [2]. - The company reportedly misled investors by claiming that the refresh would gain momentum over two years, while in reality, it had pushed through about half of the refresh in just a few months by the end of the second quarter of 2025 [2]. - As a result of these actions, the statements made by Fortinet about its business, operations, and prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative of the class, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the proposed class [3]. Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].