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Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against Fortinet, Inc.
Globenewswire· 2025-10-22 18:23
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].
Netskope: Compelling AI-Native Cybersecurity IPO
Seeking Alpha· 2025-10-22 18:03
With the S&P 500 pushing past macroeconomic risks and hitting new highs, I continue to emphasize the value of caution in today’s market. That doesn’t necessarily mean to cut off exposure to growth stocks entirely - but rather, to invest carefully in catalyst-driven names thatWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the indu ...
Darktrace Celebrates Unsung Cybersecurity Heroes with Support of Actor, Writer and Director Clark Gregg
Globenewswire· 2025-10-22 16:00
Core Insights - Darktrace has launched the next phase of its 'Defend Beyond™' campaign to celebrate cybersecurity defenders, featuring actor Clark Gregg [1][3] - The campaign aims to recognize the essential role of cybersecurity professionals and promote Darktrace's AI-powered tools for enhanced defense capabilities [3] Company Overview - Darktrace is a global leader in AI for cybersecurity, founded in 2013, providing a platform that protects organizations from unknown threats using proprietary AI technology [5] - The Darktrace ActiveAI Security Platform™ offers proactive cyber resilience across various digital environments, including network, cloud, and email [5] - The company has filed over 200 patent applications and employs over 2,300 staff, serving nearly 10,000 customers across major industries globally [5]
Here’s What Pressured Fortinet (FTNT) in Q3
Yahoo Finance· 2025-10-22 13:15
Core Insights - Conestoga Capital Advisors reported that equity markets reached new all-time highs in Q3 2025, but their Mid Cap Composite returned -3.2% net-of-fees, underperforming the Russell Midcap Growth Index which gained 2.8% [1] - The focus on high-quality, profitable companies struggled in a risk-on environment during the quarter [1] Company Highlights: Fortinet, Inc. (NASDAQ:FTNT) - Fortinet is recognized as the market share leader in network security firewalls by units and reported solid results in Q3 2025, but faced share pressure due to lower-than-expected revenue growth estimates for 2026 and 2027 [3] - The stock of Fortinet had a one-month return of -0.57% and a 52-week gain of 2.84%, closing at $84.78 per share with a market capitalization of $64.964 billion on October 21, 2025 [2] - Fortinet is not among the 30 most popular stocks among hedge funds, with 46 hedge fund portfolios holding its stock at the end of Q2 2025, down from 62 in the previous quarter [4] Investment Perspective - While Fortinet is acknowledged for its potential, the company is viewed as having less upside compared to certain AI stocks, which are believed to offer greater potential and lower downside risk [4]
DLH Demonstrates Cybersecurity Excellence with CMMC Level 2 Certification
Globenewswire· 2025-10-22 12:00
Core Insights - DLH Holdings Corp. has achieved Cybersecurity Maturity Model Certification (CMMC) Level 2, enhancing its capabilities in digital transformation and cybersecurity [1][2] - The certification validates DLH's ability to secure national defense data and positions the company to compete for new federal contracts as CMMC 2.0 requirements are expected to appear in DoD solicitations starting November 2025 [2] Company Overview - DLH is a provider of technology, public health, and cybersecurity solutions, focusing on complex missions through digital transformation, artificial intelligence, and advanced analytics [3] - The company emphasizes its commitment to improving lives globally through a combination of technology, innovation, and expertise [3]
TRM Labs 与新加坡网络安全局建立合作伙伴关系,推动区块链领域的国家级网络威胁情报发展
Globenewswire· 2025-10-22 01:30
新加坡, Oct. 22, 2025 (GLOBE NEWSWIRE) -- TRM Labs 今日宣布已与新加坡网络安全局 (CSA) 签署合作备忘录 (MOC),旨在通过人工智能 (AI) 驱动的区块链情报技术,加强国家层面的网络韧性。 根据该 MOC,TRM 将向 CSA 提供其区块链情报平台及相关 AI 功能的访问权限,其中包括生成式与推理式模块。同时,TRM 还将贡献数据资源和技术专长,共同开发符合 CSA 长期运营需求的定制化解决方案。 双方将合作开发使用代理式 AI 的区块链追踪解决方案,用以更精确地追踪新加坡境内的全国性勒索软件风险暴露水平,并将链上与链下的敌对活动更紧密地关联起来,从而强化 CSA 打击勒索软件团伙活动的能力。 此次合作恰逢其时,因为区块链和数字资产活动与网络犯罪的交集日益频繁,涵盖从复杂诈骗和勒索软件到国家支持的网络入侵等各个层面。 TRM Labs 发布的《2025 年加密犯罪报告》 (2025 Crypto Crime Report) 中强调,黑客攻击、制裁风险暴露及非法资金流动的模式正在发生变化:流入非法加密货币地址的资金总额已从 2021 年的 374 亿美元上升至 ...
FORTINET CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Reminds Fortinet Investors to Contact the Firm Before the November 21st Deadline
Globenewswire· 2025-10-21 22:03
Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for alleged misrepresentations regarding its product refresh cycle and the true number of FortiGate firewalls eligible for upgrades, leading to significant investor losses [7]. Allegation Details - The lawsuit claims that Fortinet's management misrepresented the potential profitability of the refresh cycle, stating it would not be as lucrative as suggested due to the age and limited scope of the products involved [7]. - It is alleged that Fortinet concealed the uncertainty regarding the number of FortiGates that required upgrades and misled investors about the momentum of the refresh cycle [7]. - Following the earnings call on August 6, 2025, where Fortinet disclosed that it was only 40% to 50% through the upgrade cycle, the stock price dropped over 22% [7]. Next Steps - Investors who purchased Fortinet shares during the specified class period (November 8, 2024, to August 6, 2025) and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 21, 2025 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts in the United States [5].
Recent Market Movements and Their Impact on Company Stocks
Financial Modeling Prep· 2025-10-21 22:00
Company Performance - Neuphoria Therapeutics Inc. (NASDAQ:NEUP) experienced a significant stock price drop of 67.18%, closing at $5.05, due to the failure of its AFFIRM-1 Phase 3 trial for BNC210, which did not meet its primary and secondary endpoints. The company plans to conduct a strategic review of its portfolio and operations [1] - AlphaVest Acquisition Corp Unit (NASDAQ:ATMVU) saw a 41.05% decline in its stock price to $12.97, potentially linked to investor sentiment surrounding its merger agreement with AMC Corporation, highlighting the speculative nature of SPACs [2] - Cycurion, Inc. (NASDAQ:CYCU) faced a 34.51% decrease in stock price to $0.16 after receiving a Delisting Determination Letter from Nasdaq, indicating challenges ahead for the company and impacting investor confidence [3] - SMX (Security Matters) Public Limited Company (SMX) experienced a 32.03% decline in stock price to $0.78, with market performance possibly reacting to undisclosed operational updates or industry trends [4] - American Rebel Holdings, Inc. (NASDAQ:AREB) saw a 29.91% reduction in stock price to $1.31, despite securing a distribution placement for its American Rebel Light Beer, indicating broader economic factors affecting consumer cyclical sectors [5] Market Trends - Recent market movements illustrate the volatile nature of stock prices, influenced by company-specific news, industry trends, and broader economic conditions, prompting investors and stakeholders to adjust their strategies accordingly [6]
What’s Brewing? — UK Tech Round-up: Mid October
Medium· 2025-10-21 21:17
Autonomous Vehicles - Waymo, owned by Alphabet Inc., plans to launch a driverless taxi experiment in London in early 2026, making it the first European city to host such technology [1] - The UK government accelerated the approval for the Automated Vehicles Act in 2024, providing a legal framework for autonomous vehicles to operate across UK cities, enhancing competition with the US and China [2] - Wayve, a British autonomous driving AI company and competitor to Waymo, is in talks with SoftBank and Microsoft for a $2 billion fundraise, which would increase its valuation to $8 billion [6][7] - Wayve's approach utilizes 'Embodied Artificial Intelligence' to adapt to new roads, potentially accelerating expansion into new cities [7] - Uber is partnering with Wayve to launch a driverless ride-hailing program in London around the same time as Waymo's launch [3][7] Ride-Hailing Competition - The introduction of Waymo's driverless taxis is expected to intensify competition among London ride-hailing services, particularly with Uber and Bolt [3] - The announcement has reignited tensions between Uber and London black cabs, with criticism from the Licensed Taxi Driver Association [4] Financial Technology - GoCardless, a UK FinTech unicorn, reported its first positive EBITDA quarter, signaling a shift towards profitability and strategic scaling [8][9] - GoCardless operates as a bank-to-bank payment processor, avoiding high payment card fees and benefiting from regulatory approval from the FCA [9] Start-Up Funding - Sitehop, a cybersecurity start-up, raised £7.5 million to develop defenses against quantum threats, bringing its total funding to £13.5 million [12][14] - Clove, a financial advice start-up, secured $14 million in pre-seed funding to address the financial advice gap in the UK [15][16] - Wild Bioscience, a University of Oxford spin-out, raised $60 million in Series A funding to develop climate-resistant crops [18][19] Market Activity - The Beauty Tech Group has successfully IPO-ed on the London Stock Exchange Main Market, raising $106.5 million and achieving a market cap of £315.5 million, targeting the $600 billion beauty industry [20]
IGEL and Asc3nd Collaborate with Cisco, the National Defense University1 to Accelerate DoW Comply-to-Connect and Zero Trust Mission Readiness
Globenewswire· 2025-10-21 21:00
Core Insights - IGEL, in collaboration with Asc3nd Technologies Group, Cisco, and the National Defense University, has successfully completed a joint initiative to create a standards-based architecture for rapid Comply-to-Connect (C2C) and Zero Trust alignment with the U.S. Department of War [1][7] Company Overview - IGEL is recognized as a global leader in endpoint security, providing the IGEL Secure Endpoint OS Platform, which supports hybrid work, cloud adoption, and Zero Trust principles [12][14] - The company emphasizes a modular, immutable design that eliminates local data storage, thereby enhancing security and operational resilience [13][14] Initiative Details - The initiative allows existing endpoint hardware to be securely repurposed, meeting stringent DoW network access controls while reducing operational complexity and accelerating compliance in critical environments [2] - A controlled, policy-driven device program was implemented to ensure compliance with DoW C2C posture checks and enforce Zero Trust policies at the endpoint [3] Technology Integration - Cisco Identity Services Engine (ISE) acts as the policy decision point, providing identity and posture validation, along with continuous monitoring of endpoint compliance [4] - The integration of ISE and IGEL's Universal Management Suite (UMS) creates a comprehensive trust chain, ensuring endpoint compliance before granting network access [5][6] Zero Trust Implementation - The architecture is designed to support DoW Zero Trust strategies and can adapt to various public sector missions, enhancing secure endpoint operations across diverse environments [7] - The solution incorporates automated compliance checks and policy-driven automation for network segmentation and authorization, minimizing manual intervention [10] Partnership Perspectives - Leaders from Asc3nd and IGEL highlight the importance of open standards and automation in accelerating mission outcomes while maintaining budget constraints [8]