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Contact Levi & Korsinsky by January 5, 2026 Deadline to Join Class Action Against Inspire Medical Systems, Inc.(INSP)
Prnewswire· 2025-11-21 13:45
Core Viewpoint - A class action securities lawsuit has been filed against Inspire Medical Systems, Inc. due to alleged securities fraud affecting investors between August 6, 2024, and August 4, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that the launch of Inspire Medical's new product, Inspire V, was unsuccessful due to poor demand and excess inventory at treatment centers, contradicting the company's assurances of a successful launch [3]. - Defendants allegedly failed to complete essential tasks for the product launch, including training for treatment center customers, setting up IT systems, and ensuring proper Medicare reimbursement [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 5, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require this [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Fortinet, Inc.(FTNT) Shareholders
Prnewswire· 2025-11-21 13:45
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 a "small percentage" of the Company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh momentum was overstated, with approximately half of the refresh completed in just a few months by the end of Q2 2025 [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 serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].
5 Things To Know: November 21, 2025
Youtube· 2025-11-21 12:02
Group 1: Warner Brothers Discovery Bidding War - A bidding war is underway for Warner Brothers Discovery, with Netflix, Paramount, and Comcast submitting offers by the deadline [1] - Netflix and Comcast are interested in acquiring the company's studio and streaming businesses [1] - David Ellison aims to merge Warner Brothers Discovery with Paramount to create a competitive entity against tech giants [1] Group 2: Nvidia Stock Performance - Nvidia shares are experiencing a decline, down over 6.5% week to date, following a significant market sell-off [2] Group 3: Koshi Fundraising - Prediction market Koshi has raised $1 billion in its latest funding round, achieving a valuation of $11 billion [3] - This fundraising round occurred less than two months after a previous round that valued the company at $5 billion [3] Group 4: Mercedes AMG Formula 1 Team Valuation - The Mercedes AMG Formula 1 team has been valued at $6 billion following a stake acquisition by the CEO of Crowdstrike [4] Group 5: Art Auction Record - A painting by Mexican artist Frida Kahlo sold for $54.7 million, setting a record for the highest price ever for a female artist at auction [4] - The artwork, titled "The Dream," also became the most expensive Latin American artwork, surpassing the price of another of Kahlo's portraits sold in 2021 [4]
Palo Alto Networks (NASDAQ:PANW) Financial Overview and Market Position
Financial Modeling Prep· 2025-11-21 06:12
Core Insights - Palo Alto Networks is a leading cybersecurity company with a strong performance in fiscal first-quarter results, achieving a revenue of $2.47 billion, slightly exceeding Wall Street expectations [2][6] - Despite positive financial metrics, the stock price fell by 7.3% to approximately $185, indicating a potential buying opportunity according to analysts [3][4][6] Financial Performance - Revenue for the quarter was reported at $2.47 billion, surpassing the Street's estimate of $2.46 billion [2][6] - Gross margin was 76.9%, and operating margin was 30.2%, exceeding the forecast of 29.1% [3][6] - Earnings per share were reported at $0.93, surpassing both guidance and analysts' estimate of $0.89 [3] Market Reaction - Analysts at Wedbush maintained an 'Outperform' rating with a price target of $225, suggesting the current stock weakness presents a buying opportunity [4] - The stock experienced a decrease of 7.42%, translating to a drop of $14.83, with a trading range during the day between $183.20 and $199.69 [4] Company Valuation - Palo Alto Networks has a market capitalization of approximately $123.8 billion, with a trading volume of 15.9 million shares [5] - Remaining performance obligations were reported at $15.5 billion, driven by strong performance in SASE and XSIAM [2]
Palo Alto Networks (NASDAQ:PANW) Faces Downgrade but Shows Strong Financial Performance
Financial Modeling Prep· 2025-11-21 05:06
Core Viewpoint - Palo Alto Networks has demonstrated strong financial performance despite a recent downgrade by HSBC, with analysts from Wedbush maintaining an optimistic outlook for the company [2][6]. Financial Performance - The company reported revenue of $2.47 billion, slightly exceeding Wall Street's estimate of $2.46 billion [3][6]. - Gross margin was reported at 76.9%, and operating margin at 30.2%, both metrics surpassing forecasts [3][6]. - Earnings per share were $0.93, above the guidance and analysts' estimate of $0.89 [4][6]. Market Reaction - Following the downgrade by HSBC, Palo Alto Networks' shares dropped 7.3% to approximately $185 [4][6]. - The stock experienced a decrease of 7.42%, translating to a drop of $14.83, with a trading range between $183.20 and $199.69 [5]. - Despite the decline, Wedbush views this as a potential buying opportunity due to the company's strong financials [4][6]. Analyst Ratings - HSBC downgraded Palo Alto Networks from a "Hold" to a "Reduce" rating, with the stock priced at $185.07 at the time of the downgrade [2][6]. - Wedbush maintains an 'Outperform' rating with a price target of $225, reflecting confidence in the company's future performance [2][6]. Market Capitalization and Trading Volume - Palo Alto Networks' market capitalization is approximately $123.8 billion, with a trading volume of 15.9 million shares [5]. - Over the past year, the stock has seen a high of $223.61 and a low of $144.15 [5].
US SEC dismisses case against SolarWinds, top security officer
Reuters· 2025-11-20 22:10
The U.S. Securities and Exchange Commission on Thursday said it has dropped its closely watched litigation against SolarWinds Corp and its top security officer that was tied to a Russia-linked cyberat... ...
CrowdStrike's George Kurtz takes minority stake in Mercedes F1
Youtube· 2025-11-20 21:19
Core Insights - Crowd Strike's CEO, George Curtz, has officially taken a minority stake in the Mercedes F1 team, marking a significant partnership with Toto Wolf, the team's principal [2][3] - The valuation of the Mercedes F1 team is set at $6 billion, which is considered high but still undervalued compared to American sports teams [2][5] - The investment reflects both a personal passion for racing and a belief in the growth potential of Formula 1, particularly in the U.S. market [8][9] Company Overview - Crowd Strike has established a long-term partnership with Mercedes, which has facilitated this investment opportunity [2][4] - The investment is characterized as a personal stake for Curtz, separate from Crowd Strike's corporate interests [2] Industry Dynamics - The Formula 1 sport is experiencing significant growth, with increasing audience numbers and a younger demographic, particularly among female fans [14] - Recent events, such as the success of the "Drive to Survive" series and a Brad Pitt movie, have contributed to a surge in new fans [10][12] - The U.S. market is seen as underserved, presenting a substantial opportunity for growth in viewership and engagement [10][13]
CrowdStrike's George Kurtz takes minority stake in Merdeces F1
Youtube· 2025-11-20 21:19
Core Insights - Crowd Strike's CEO, George Curtz, has officially taken a minority stake in the Mercedes F1 team, marking a significant partnership with Toto Wolf, the team's principal [2][3] - The valuation of the Mercedes F1 team is set at $6 billion, which is considered high but still viewed as undervalued compared to American sports teams [5][6] Company Developments - The partnership between Crowd Strike and Mercedes has been built over a long-term relationship, emphasizing the personal nature of Curtz's investment rather than a corporate one [2][4] - Toto Wolf has been involved with Mercedes for 20 years, indicating a deep-rooted commitment to the team and its future [3][4] Market Potential - There is a belief in significant growth potential for Formula 1, particularly in the U.S. market, which is currently underserved [10][13] - The demographic of Formula 1 fans is evolving, with a notable increase in younger audiences and female viewership, which is seen as a positive indicator for future growth [15] Audience Engagement - Recent events, such as the popularity of the "Drive to Survive" series and a Brad Pitt movie, have contributed to attracting new fans to the sport [10][11] - Attendance at races, such as over 400,000 spectators in Austin, reflects the growing interest and engagement in Formula 1 [15]
Tech Giants Unveil Quantum Computing Ambitions, Mercedes F1 Team Valued at Record $6 Billion, and Google Offers UK Employee Buyouts
Stock Market News· 2025-11-20 21:08
Group 1: IBM and Cisco Collaboration - IBM and Cisco have announced a partnership to develop networked distributed quantum computing, aiming for a proof-of-concept demonstration by the end of 2030 [2][3] - The collaboration seeks to combine IBM's quantum computing leadership with Cisco's networking expertise, targeting a network of large-scale, fault-tolerant quantum computers by the early 2030s [2][3] - The envisioned network will enable computations across tens to hundreds of thousands of qubits, potentially supporting trillions of quantum gates for complex applications [3] Group 2: Mercedes F1 Team Valuation - The Mercedes Formula One team is valued at $6 billion, one of the highest valuations for a Formula One team, as Toto Wolff discusses selling a portion of his ownership stake to CrowdStrike CEO George Kurtz [4][5] - Kurtz is in talks to acquire approximately 5% of Wolff's existing 33% stake, while Wolff is expected to retain his roles as CEO and team principal [5] Group 3: Google Voluntary Buyouts - Google is reportedly offering voluntary buyout packages to its UK employees as part of a cost optimization strategy and a focus on artificial intelligence investments [6][7] - This initiative follows a similar program offered to US employees earlier in the year, which included severance packages and extended health coverage [7]
Deadline Soon: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
Businesswire· 2025-11-20 21:07
Core Viewpoint - Fortinet, Inc. is facing a securities fraud class action lawsuit due to misleading statements regarding its business operations and financial performance, particularly related to its firewall upgrade cycle and revenue guidance [4][2]. Group 1: Lawsuit Details - The lawsuit is based on allegations that Fortinet made materially false and misleading statements during the class period from November 8, 2024, to August 6, 2025 [4][5]. - The company reported that it was only "approximately 40% to 50% of the way through the 2026 firewall upgrade cycle" by the end of Q2 2025, which contradicted earlier expectations [2][4]. - Following the release of disappointing financial results and guidance, Fortinet's stock price dropped by $21.28, or 22%, closing at $75.30 per share on August 7, 2025 [3][2]. Group 2: Financial Performance - Fortinet's revenue guidance for Q3 2025 was projected between $1.67 billion and $1.73 billion, which was weaker than market expectations [2]. - The lawsuit claims that the refresh cycle for Fortinet's products was not as lucrative as represented, and the company misrepresented the number of firewalls eligible for upgrades [4]. Group 3: Investor Actions - Investors who acquired Fortinet common stock during the class period are urged to participate in the lawsuit, with a deadline set for November 21, 2025, to seek lead plaintiff status [5][4].