https://securitiesclasslaw.com/securities/fortinet-inc-loss-submission-form/?id=173408&from=4 CLASS PERIOD: November 8, 2024 to August 6, 2025 Accessibility StatementSkip Navigation NEW YORK, Oct. 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fortinet, Inc. (NASDAQ: FTNT). Shareholders who purchased shares of FTNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not r ...

Core Insights - CyberCatch Holdings, Inc. is a cybersecurity company that offers a patented, AI-enabled continuous cybersecurity compliance and cyber risk mitigation solution, primarily targeting organizations in critical infrastructure sectors in North America [1][4]. Group 1: Company Overview - CyberCatch provides a proprietary Software-as-a-Service (SaaS) solution that focuses on continuous compliance and cyber risk mitigation [4]. - The platform addresses the root causes of successful cyberattacks by identifying security holes due to control deficiencies, implementing necessary controls, and continuously testing them from multiple dimensions [4]. Group 2: Event Details - Sai Huda, the Founder and CEO of CyberCatch, will present live at the OTCQB AI & Technology Virtual Investor Conference on October 28th, 2025 [1]. - The event will be interactive, allowing investors to ask questions in real-time, with an archived webcast available for those unable to attend live [2]. Group 3: Virtual Investor Conferences - Virtual Investor Conferences (VIC) is a leading platform that facilitates direct presentations from publicly traded companies to investors [5]. - VIC enhances investor engagement by replicating the components of an on-site conference and providing tools for targeted one-on-one meetings and dynamic video content [6].

The recent wave of cyberattacks against Japanese businesses has exposed critical weaknesses in the country’s corporate digital defenses, fueling fears of further disruption to sales and supply chains.In the past month, Asahi Group Holdings Ltd. was forced to take its distribution system offline and revert to phone orders for beer and beverages after a ransomware attack, while retailers relying on Askul Corp. lost access to their e-commerce platforms.The surge reflects a combination of factors, including the ...

Sunnyvale, California-based Fortinet, Inc. (FTNT) provides cybersecurity and networking solutions worldwide. It offers network security appliances and unified threat management network security solutions to enterprises, service providers, and government entities. With a market cap of $65 billion, Fortinet’s operations span various countries in the Americas, EMEA, and the Indo-Pacific. The cybersecurity giant is set to unveil its third-quarter results after the market closes on Wednesday, Nov. 5. Ahead of ...

Core Insights - The Red Canary report highlights the increasing pressure on security leaders to address cybersecurity threats and manage complex technology stacks despite rising investments in security measures [2][6]. Group 1: Financial Impact of Cyber Incidents - Security leaders estimate that cyber incidents cost their organizations an average of $3.7 million over the past year, with 46% experiencing service outages or disruptions due to attacks [2]. - 80% of security leaders report spending more on security than ever, yet breaches and threats continue to escalate [6]. Group 2: Challenges in Security Operations - Security operations center (SOC) teams are struggling to secure cloud environments, identities, and AI technologies amid evolving threats, which amplifies the risk and business impact of cyberattacks [2]. - The attack surface has widened by 41% in the past 12 months, and 73% of security leaders indicate that the time from detecting an attack to resolution has increased [6]. Group 3: Role of AI in Cybersecurity - 85% of security leaders believe that failing to automate more will result in being overwhelmed by missed threats, while 78% view concerns about AI-generated attacks as exaggerated [4][7]. - AI is currently being utilized in security operations for detection analytics (65%), intrusion detection (59%), and SIEM management (54%) [7]. Group 4: Skills and Resource Shortages - 75% of organizations report skills shortages in intrusion detection, and 72% face shortages in incident response [6]. - Security leaders express concerns that while AI can enhance speed, it may ultimately reduce the ability of teams to solve problems independently [7].

Core Insights - OMC Financial Services LTD has acquired a new equity position in Palo Alto Networks, purchasing 21,730 shares valued at approximately $4.42 million during Q3 2025 [1][2] - As of September 30, 2025, Palo Alto Networks constituted 1.64% of OMC's total U.S. equity holdings of $269.47 million, ranking outside the fund's top five holdings [2] - Palo Alto Networks' stock price was $211.82 as of October 20, 2025, reflecting an 11.95% gain over the past year, although it underperformed the S&P 500 by 1.8 percentage points [2] Company Overview - Palo Alto Networks is a leading provider of cybersecurity solutions with a comprehensive portfolio that includes hardware, software, and cloud-based offerings [4] - The company serves a diverse clientele, including medium to large enterprises, service providers, and government entities across various sectors such as financial services, healthcare, and telecommunications [6] - As of October 20, 2025, Palo Alto Networks had a market capitalization of $143.38 billion, with a trailing twelve-month (TTM) revenue of $9.22 billion and a net income of $1.13 billion [3] Financial Performance - Palo Alto Networks reported a 15% year-over-year revenue growth, reaching $9.2 billion for the fiscal year 2025, with expectations of continued double-digit growth in fiscal 2026, forecasting revenue around $10.5 billion [8] - The company's forward price-to-earnings ratio was approximately 50 following its fiscal fourth-quarter earnings report, indicating a high valuation despite strong performance [7] Strategic Positioning - The rise of quantum computing presents both a challenge and an opportunity for cybersecurity firms, as quantum devices could potentially breach existing cybersecurity measures [9] - Palo Alto Networks has introduced defenses against quantum computing attacks, positioning itself competitively as the adoption of quantum technology increases [10]

Group 1 - Palo Alto Networks, Inc. (NASDAQ:PANW) is considered one of the best long-term low volatility stocks to buy currently, with BofA raising its price target from $215 to $240 while maintaining a Buy rating [1] - The cybersecurity and networking sectors are experiencing strong momentum, with healthy fundamentals observed across networking [2] - Continued technology evolution and increasing enterprise security budgets are driving demand for cybersecurity solutions, although valuation remains a long-term concern [3] Group 2 - Palo Alto Networks provides network security solutions to service providers, enterprises, and government entities, with operations segmented geographically into the United States, Israel, and Other Countries [4]

Core Points - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit related to alleged false statements made by the company during a specific period [1][3] - The class period for the lawsuit is from November 8, 2024, to August 6, 2025, during which Fortinet is accused of misrepresenting the potential profitability of its product refresh cycle [3][4] - Shareholders are encouraged to register for the class action by November 21, 2025, to potentially become lead plaintiffs and receive updates on the case [4] Allegations - The complaint alleges that Fortinet's management misled investors about the refresh cycle's profitability, claiming it would be more lucrative than it actually was, as it involved old products that represented a "small percentage" of the company's business [3] - It is also claimed that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades and misrepresented the momentum of the refresh cycle, stating it would gain traction over two years while it was pushed through rapidly in just a few months [3] Next Steps for Shareholders - Shareholders who purchased FTNT shares during the class period should register to be enrolled in a portfolio monitoring system that will provide updates on the case [4] - There is no cost or obligation for shareholders to participate in the class action [4] About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5]

Core Thesis - Qualys, Inc. is viewed as a resilient and profitable cybersecurity company with a strong subscription-based business model, offering a range of services that create high switching costs for customers [1][5]. Business Model and Financials - Qualys operates a cloud-based cybersecurity platform that provides services such as vulnerability management, compliance, patching, and endpoint detection, characterized by a capital-light and scalable SaaS model [2]. - The company boasts gross margins exceeding 70% and generates highly recurring revenue, contributing to strong free cash flow [2]. Market Position and Customer Base - Qualys serves over 10,000 customers across more than 130 countries, including many from the Forbes Global 100, which underscores its scale and trust in the cybersecurity market [3]. - The company's pricing power is enhanced by regulatory and compliance risks associated with replacing its platform, making its solutions indispensable for clients [3]. Competitive Landscape - While facing competition from companies like CrowdStrike, Tenable, Palo Alto, and Microsoft Defender, Qualys differentiates itself through the breadth and integration of its offerings, covering multiple aspects of cybersecurity in a single platform [4]. - Key risks include rapid innovation from competitors and pricing pressure from bundled IT solutions, but Qualys addresses these challenges through automation and a focus on compliance [4]. Investment Perspective - Qualys is considered a reliable long-term investment in the cybersecurity sector, offering steady growth with strong recurring cash flow and minimal downside risk, despite being less flashy than hypergrowth peers [5]. - The company's consistent execution and platform stickiness further enhance its attractiveness as a long-term investment option [5].

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 of Misconduct - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be lucrative despite it consisting of older products that represented only a small portion of the business [2]. - It is alleged that Fortinet did not accurately disclose the actual number of FortiGate firewalls eligible for upgrades, leading to misleading statements about the company's operational capabilities [2]. - The complaint asserts that Fortinet misled investors by claiming that the refresh would gain momentum over two years, while in reality, the company had pushed through about half of the refresh in just a few months by the end of Q2 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future prospects were materially false and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for selecting legal counsel to represent the class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering significant amounts for victims of corporate misconduct [4].