Core Viewpoint - The Gross Law Firm is notifying shareholders of Fortinet, Inc. about a class action lawsuit related to alleged false statements and misrepresentations made by the company regarding its product refresh cycle and FortiGate firewall upgrades [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 profitability of its refresh cycle, claiming it would be lucrative while it actually consisted of old products that were a "small percentage" of the company's business [3]. - The complaint states that Fortinet concealed its lack of clarity regarding the number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased FTNT shares during the specified period are encouraged to register for the class action by November 21, 2025 [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [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 investors' rights 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 - Rosen Law Firm is reminding investors who purchased Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025, of the upcoming lead plaintiff deadline on November 21, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought Fortinet stock during the specified period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][6]. - The lead plaintiff must file a motion with the court by November 21, 2025, to represent other class members [2]. Group 2: Allegations Against Fortinet - The lawsuit claims that Fortinet made materially false and misleading statements regarding a "record" round of FortiGate unit upgrades, projecting $400 million to $450 million in product revenue for 2025 and 2026 [4]. - It is alleged that the company misrepresented the sustainability and impact of the refresh cycle, which was said to consist of old products that represented a "small percentage" of the company's business [5]. - The lawsuit contends 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 more quickly than communicated [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 more lucrative than it actually was, as it involved older products that constituted only a small percentage of the company's business [2]. - It is alleged that Fortinet did not accurately disclose the 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 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 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 must be adequate and typical of the proposed 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 - Fortinet, Inc. is facing a class action lawsuit due to alleged securities fraud related to misleading statements about its business performance and the sustainability of its firewall upgrade cycle, which led to significant stock price declines following disappointing financial results [2][3]. Financial Performance - On August 6, 2025, Fortinet reported its Q2 2025 financial results, indicating that it was only "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]. - Following this announcement, Fortinet's share price dropped by $21.28, or approximately 22%, from $96.58 to $75.30 [2]. Lawsuit Details - The lawsuit is on behalf of investors who purchased Fortinet securities from November 8, 2024, to August 6, 2025, alleging that the company made materially false and misleading statements regarding the impact of a "record" round of FortiGate unit upgrades [3]. - Defendants claimed that the upgrade cycle would generate "around $400 million to $450 million in product revenue" in 2025 and 2026, and that it would gain momentum in the second half of 2025 [3]. - The lawsuit contends that the actual refresh cycle was not as lucrative as represented, consisting of old products that were a "small percentage" of the company's business, and that Fortinet misrepresented the true number of upgradable FortiGate firewalls [3].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was, as it involved old products that represented only a small portion of the company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the company had pushed through approximately half of the refresh in just a few months, contrary to claims of a two-year momentum [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Insights - Gorilla Technology Group Inc. has launched an industry-first post-quantum cryptography (PQC) Quantum-Safe Software-Defined Wide Area Network (SD-WAN) Initiative, enhancing security for AI platforms and sovereign clouds [1][3] - The Gorilla Intelligent Network Director integrates NIST-approved PQC algorithms, ensuring long-term confidentiality and crypto-agility against potential quantum threats [2][3] - The initiative aligns with the U.S. government's CNSA 2.0 rollout, positioning Gorilla to meet post-quantum security expectations by the 2030-2033 compliance horizon [3][4] Product Features - The Gorilla Intelligent Network Director employs a hybrid key exchange using Elliptic-Curve Diffie-Hellman (ECDH) and Kyber algorithms, providing a quantum-resistant connectivity layer [2] - Digital signatures based on Dilithium secure node authentication and control-plane integrity, protecting orchestration and data channels [2] - The solution is designed for hybrid, multi-cloud, and sovereign network environments, supporting national AI and digital infrastructure [2] Market Positioning - Gorilla's initiative builds on multi-billion-dollar AI and data center projects, including a US$1.4 billion network deal in Southeast Asia [4] - The company is extending its post-quantum security deployments for government networks in MENA and Thailand, establishing a standards-based architecture for cryptographic agility [4] - The initiative aims to generate multi-year recurring revenue as governments and enterprises transition to post-quantum security [4] Customer Benefits - Customers adopting the Gorilla Intelligent Network Director will benefit from enhanced security measures that safeguard data, control, and identity from quantum threats [5] - The company is establishing Quantum-Safe Readiness Labs in Taiwan and India to assist governments and enterprises in validating key exchange and adopting secure network transformation strategies [5] Company Overview - Gorilla Technology Group Inc. is headquartered in London and specializes in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology [6] - The company provides solutions across various sectors, including Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare, and Education [7]

RADNOR, Pa., Oct. 06, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. (“Fortinet”) (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is November 21, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Fortinet lo ...

NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fortinet, Inc. ("Fortinet, Inc." or the "Company") (NASDAQ: FTNT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fortinet, Inc. investors who were adversely affected by alleged securities fraud between November 8, 2024 and August 6, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/fortinet-inc-la ...

Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. due to allegations of misleading statements regarding its product refresh cycle and growth projections [1][6]. Allegations - The lawsuit claims that Fortinet's statements about entering a major firewall "refresh cycle" were false and misleading, as the refresh involved old products that represented only a small part of the business [6]. - Fortinet projected $400 million to $450 million in product revenue for 2025-2026, but the lawsuit argues that the company lacked clarity on the number of firewalls that could actually be upgraded [6]. - By the second quarter of 2025, Fortinet had already completed nearly half of the refresh, contradicting claims of future momentum [6]. Stock Impact - Following the revelation on August 6, 2025, that Fortinet was 40-50% through the 2026 upgrade cycle and that customers had excess firewall capacity, the company's stock fell by 22%, from $96.58 to $75.30 on August 7, 2025 [6].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fortinet, Inc. common stock between November 8, 2024, and August 6, 2025, of the upcoming lead plaintiff deadline on November 21, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought Fortinet stock during the specified period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [2][6]. - The lead plaintiff must file a motion with the court by November 21, 2025, to represent other class members [2]. Group 2: Allegations Against Fortinet - The lawsuit claims that Fortinet made materially false and misleading statements regarding a "record" round of FortiGate unit upgrades, projecting product revenue of $400 million to $450 million for 2025 and 2026 [4]. - It is alleged that the company misrepresented the sustainability and impact of the refresh cycle, which was said to consist of old products that represented a "small percentage" of the business [5]. - The lawsuit contends 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 short time frame [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [3].