Core Viewpoint - A class action securities fraud lawsuit has been filed against Fortinet, Inc. to recover losses incurred by shareholders due to alleged misrepresentations regarding the company's product refresh cycle and its impact on business performance [1][2][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for shareholders affected by alleged securities fraud occurring between November 8, 2024, and August 6, 2025 [2]. - The complaint alleges that Fortinet's management made false statements and concealed critical information about the refresh cycle of their products, indicating it would not be as profitable as claimed [3]. - It is claimed that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh was pushed through much faster than communicated to investors [3]. Group 2: Legal Representation - Levi & Korsinsky LLP, a well-established securities litigation firm, is representing the plaintiffs in this case, having a strong track record in securing significant recoveries for shareholders [5]. - The firm has been recognized in the Top 50 Report by ISS Securities Class Action Services for seven consecutive years, highlighting its expertise in complex securities litigation [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 Against Fortinet - 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 company's business [2]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which misled investors [2]. - The company reportedly misrepresented the momentum of the refresh cycle, claiming it would gain traction over two years while actually pushing through about half of it 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 misleading [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 must select 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 billions for victims of corporate misconduct [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit due to alleged false statements and misrepresentations made by the company during a specific class period [1]. Summary by Relevant Sections Allegations - The complaint alleges that Fortinet misrepresented the potential profitability of its product refresh cycle, claiming it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the company's business [1]. - It is also claimed that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, stating it would gain traction over two years while pushing through about half of it in just a few months by the end of Q2 2025 [1]. Class Action Details - The class period for the lawsuit is defined as November 8, 2024, to August 6, 2025, and shareholders are encouraged to register for participation [2]. - The deadline for shareholders to seek lead plaintiff status is November 21, 2025, and there is no cost or obligation to participate in the case [2]. Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceitful practices and seeks to ensure companies adhere to responsible business practices [3].

Core Points - A securities class action lawsuit has been filed against Fortinet, Inc. for alleged misleading statements and omissions during the Class Period from November 8, 2024, to August 6, 2025 [1][2] - The lead plaintiff deadline for investors to seek representation is November 21, 2025 [1][3] Allegations Against Fortinet - The complaint claims that Fortinet misrepresented the profitability of its refresh cycle, stating it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the business [2] - Fortinet allegedly concealed the true number of FortiGate firewalls eligible for upgrades, leading to misleading statements about the company's operations and prospects [2] - The company is accused of misrepresenting the momentum of the refresh cycle, having pushed through approximately half of it in just a few months by the end of Q2 2025, contrary to claims of gradual growth over two years [2]

Core Insights - Cisco Systems' security business is experiencing significant growth, with revenues increasing by 59% in fiscal 2025 to $8.09 billion, representing 19.5% of total revenues [1][10] - The acquisition of Splunk has enhanced Cisco's security offerings, particularly in Threat Intelligence, Detection, and Response (TIDR) and Extended Detection and Response (XDR) [2][10] - Cisco's security revenues for Q4 fiscal 2025 reached $1.95 billion, a 9% year-over-year increase, driven by the integration of Splunk and the expansion of Secure Access Service Edge (SASE) solutions [3][10] Security Business Performance - The integration of Splunk has led to a 14% year-over-year growth in new logos for Splunk, with Cisco adding 750 new customers through its security solutions in the reported quarter [3][10] - Orders for Cisco's security business grew in the mid-single digits, indicating positive growth prospects [3] Future Estimates - The Zacks Consensus Estimate for Q1 fiscal 2026 service revenues is projected at $2.24 billion, reflecting an 11% growth compared to the previous year [4] - The earnings estimate for Q1 fiscal 2026 is set at 98 cents per share, suggesting a 7.7% increase from the same quarter last year [13] - For fiscal 2026, the earnings estimate is $4.04 per share, indicating a 6% growth from the prior year [14] Competitive Landscape - Cisco faces strong competition in the security sector from companies like Fortinet and Okta, which have established innovative portfolios and strong market positions [5][6][7] - Fortinet is recognized for its extensive AI capabilities and has evolved into a comprehensive security ecosystem [6] - Okta's AI-powered offerings are gaining traction, particularly in identity management and security [7] Stock Performance - Cisco's stock has appreciated by 18.6% year-to-date, underperforming the broader Zacks Computer and Technology sector, which has returned 24% [8][9] - Cisco's stock is currently trading at a premium, with a trailing 12-month price/book ratio of 5.93X compared to the industry's 5.69X [15]

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 Fortinet - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be more lucrative than it actually was, as it involved older products that constituted a "small percentage" of the company's business [2]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which misled investors about the company's operational capabilities [2]. - The complaint asserts that Fortinet falsely indicated that the product 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 the second quarter of 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future prospects were materially false and misleading [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to apply to be appointed as lead plaintiffs in the class action, representing the interests of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial stake in the case and is responsible for directing the litigation [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. regarding a class action lawsuit related to alleged false statements and misrepresentations made by the company during a specific period [1][3]. Group 1: Allegations and Class Period - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [3]. - Allegations include that Fortinet misrepresented the potential profitability of a product refresh cycle, claiming it would be lucrative while it actually consisted of old products that represented a "small percentage" of the company's business [3]. - The complaint states 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 cycle, which was pushed through aggressively in a short time frame [3]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 21, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm is committed to ensuring companies engage in responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [5].

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for alleged misleading statements and omissions regarding the company's business operations and prospects during the Class Period from November 8, 2024, to August 6, 2025 [1] Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be more lucrative than it actually was, as it involved old products that constituted a "small percentage" of the business [2] - It is alleged that Fortinet did not have a clear understanding of the number of FortiGate firewalls eligible for upgrades, which was concealed from investors [2] - The company reportedly misled investors by claiming that the refresh would gain momentum over two years, while in reality, it 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 and future 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 in the class action lawsuit [3] - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [3] Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4]

Core Viewpoint - Fortinet, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its business operations and financial performance during the Class Period from November 8, 2024, to August 6, 2025 [1][4]. Financial Performance - On August 6, 2025, Fortinet reported its Q2 2025 financial results, indicating that it was "approximately 40% to 50% of the way through the 2026 firewall upgrade cycle" [2]. - The company provided weaker-than-expected revenue guidance for Q3 2025, projecting revenue between $1.67 billion and $1.73 billion [2]. Stock Price Impact - Following the release of the financial results, Fortinet's stock price dropped by $21.28, or 22%, closing at $75.30 per share on August 7, 2025 [3]. Allegations in the Lawsuit - The lawsuit claims that Fortinet's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and prospects [4]. - Specific allegations include: - Misrepresentation of the profitability of the refresh cycle, which was said to consist of old products that were a "small percentage" of the business [4]. - Lack of clarity regarding the number of FortiGate firewalls eligible for upgrades [4]. - Misleading investors about the momentum of the refresh cycle, which was pushed through more quickly than communicated [4]. - Overall, the positive statements made by the company were deemed materially misleading and lacked a reasonable basis [4]. Legal Action Details - Investors who purchased Fortinet common stock during the Class Period can file a lead plaintiff motion by November 21, 2025 [5].

Core Viewpoint - A10 Networks (NYSE: ATEN) provides products that enhance the security and efficiency of online systems for companies and internet service providers, with a previous rating of "Hold" due to perceived high stock price [1] Company Summary - A10 Networks specializes in solutions that protect online systems and improve operational efficiency for businesses and internet service providers [1] Market Context - The analysis primarily focuses on small- to mid-cap companies, which are often overlooked by investors, while also considering large-cap companies for a broader market perspective [1]