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].

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 prospects during the class period from November 8, 2024, to August 6, 2025 [1][2]. Group 1: 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 business [2]. - It is alleged that Fortinet concealed the lack of clarity regarding the actual number of FortiGate firewalls eligible for upgrades [2]. - The company reportedly misled investors by claiming that the refresh would gain momentum over two years, while it had already 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 about its business and operations were deemed materially false and misleading [2]. Group 2: Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff acts on behalf of all class members and is typically the investor or group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Contact Information - Kessler Topaz Meltzer & Check, LLP encourages affected Fortinet investors to reach out for more information regarding the lawsuit [4]. - The firm has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly making materially false and misleading statements regarding the business impact of a significant upgrade cycle for its FortiGate units, which has led to investor damages during the specified class period from November 8, 2024, to August 6, 2025 [1][5][6]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management misrepresented the scale and profitability of a "record" refresh cycle, projecting product revenue between $400 million to $450 million for 2025 and 2026, while knowing that the actual refresh cycle would not be as lucrative [5][6]. - It is alleged that the refresh cycle consisted of older products that represented only a "small percentage" of Fortinet's business, contradicting the company's optimistic projections [6]. - The lawsuit indicates that Fortinet concealed the true number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through more rapidly than communicated [6]. Group 2: Investor Actions - Investors who purchased Fortinet common stock during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][7]. - A lead plaintiff must file a motion with the court by November 21, 2025, to represent the interests of other class members [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in terms of the number of securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

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]. Group 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 [3]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades, which was not disclosed to investors [3]. - 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 [3]. - As a result of these actions, the statements made by Fortinet regarding its business and future prospects were materially false and misleading [3]. Group 2: Legal Process and Participation - Investors in Fortinet have until November 21, 2025, to seek appointment as lead plaintiff in the class action, which involves representing the interests of all class members [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and is responsible for directing the litigation [4]. - Investors can choose to participate actively or remain as absent class members without affecting their ability to share in any potential recovery [4].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. on behalf of shareholders who purchased common stock between November 8, 2024, and August 6, 2025, alleging that the company made materially false and misleading statements regarding its business performance and product upgrades [1][5][6] Group 1: Lawsuit Details - The lawsuit claims that Fortinet's executives misrepresented the impact and sustainability of a significant upgrade cycle for FortiGate units, projecting revenues of $400 million to $450 million for 2025 and 2026 [5] - It is alleged that the executives knew the upgrade cycle would not be as profitable as claimed, as it involved older products that represented a "small percentage" of the company's business [6] - The lawsuit also states 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 few months rather than over the projected two years [6] Group 2: Investor Actions - Shareholders who purchased Fortinet stock during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - Interested parties can join the class action by visiting the provided link or contacting the law firm for more information [3][7] - A lead plaintiff must be appointed by November 21, 2025, to represent the interests of the class members in the litigation [1][3] Group 3: Law Firm Credentials - The Rosen Law Firm, which is handling the case, has a strong track record in securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 [4] - The firm has been recognized for its success in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4]

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--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 Fortine. ...

Accessibility StatementSkip Navigation NEW YORK, Sept. 25, 2025 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fortinet, Inc. ("Fortinet" or "the Company") (NASDAQ: FTNT) and certain of its officers. Class Definition A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/FTNT. or you may contact P ...

Group 1 - A class action lawsuit has been filed on behalf of investors who acquired Fortinet, Inc. securities during the period of November 8, 2024 through August 6, 2025 [1] - Investors who suffered losses on their Fortinet investments have until November 21, 2025 to request lead plaintiff appointment [1]