Workflow
FortiGate Firewalls
icon
Search documents
Robbins LLP Reminds Fortinet, Inc. Investors of the Upcoming Lead Plaintiff Deadline in the Class Action Against FTNT
Prnewswire· 2025-10-06 23:10
To be notified if a class action against Fortinet, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. , /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Fortinet, Inc. (NASDAQ: FTNT) common stock between November 8, 2024 and August 6, 2025. Fortinet is a cyber security company. For more information, submit a form, email attorney Aaron Dum ...
FTNT Class Action Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Fortinet, Inc. Securities Fraud Class Action
Prnewswire· 2025-09-26 23:47
Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades of FortiGate firewalls, leading to significant stock price decline when the truth was revealed [1][2][3]. Allegations - The complaint alleges that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates requiring an upgrade [2] - It is claimed that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the firewalls was said to have minimal business impact as it represented only a small percentage of the company's business, given that the products were 12 to 15 years old and sold when Fortinet's business was significantly smaller [2] Stock Price Impact - Following the revelation of the alleged misrepresentations, Fortinet's stock price dropped over 22%, from $96.58 per share on August 6, 2025, to $75.30 per share on August 7, 2025 [3].
FTNT Investor Notice: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against Fortinet, Inc.
Globenewswire· 2025-09-24 21:49
Group 1 - A class action has been filed against Fortinet, Inc. on behalf of shareholders who purchased stock between November 8, 2024, and August 6, 2025 [1] - Allegations include misrepresentation regarding the impact of unit upgrades for FortiGate firewalls, specifically that it was difficult to predict the number of upgrades needed and that many customers had excess firewall capacity [2] - Following the revelation of these issues, Fortinet's stock price dropped over 22%, from $96.58 on August 6, 2025, to $75.30 on August 7, 2025 [3] Group 2 - Shareholders interested in participating as lead plaintiffs in the class action are encouraged to contact Robbins LLP, with the option to remain absent from the case while still being eligible for recovery [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]