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 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, and there is no obligation to participate [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].

Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. to recover losses incurred by shareholders due to alleged securities fraud between November 8, 2024, and August 6, 2025 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements and concealed information regarding the refresh cycle of their products, which was not as profitable as represented [3]. - It is alleged that the company misrepresented the 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 [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who suffered losses during the specified timeframe are encouraged to seek information about their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP is highlighted as a reputable securities litigation firm with a strong track record in securing recoveries for shareholders, having been recognized in the Top 50 Report for seven consecutive years [5].

Core Insights - Fortinet's Total Economic Impact study reveals a 308% return on investment (ROI) and payback period of less than six months for organizations deploying Fortinet Secure LAN Edge [1][5] - The study indicates a 60% reduction in the risk of breaches from external attacks and a 50% increase in network operations efficiency [1][5] Financial Metrics - The composite organization achieved benefits of $13.1 million over three years against costs of $3.2 million, resulting in a net present value of $9.9 million [5] - The reduction in exposure to costly material breaches is estimated at $1.6 million due to enhanced network perimeter protection [5] Operational Efficiency - Organizations reported a 50% increase in network operations efficiency, translating to $1.3 million in operational savings [5] - The consolidation of management into a single interface eliminated redundant tasks and accelerated troubleshooting [5] Cost Savings - Customers experienced a 20% reduction in networking and security technology costs, leading to an additional profit of $2.6 million from improved availability [5] - Improved network security response time was reduced by 75%, valued at $653,000 for the composite organization [5] Security Enhancements - Fortinet Secure LAN Edge provides protection at the point of connection, effectively catching issues before they impact critical infrastructure [2][5] - The unified platform, powered by AI-driven operations, delivers measurable efficiency gains and stronger protection across all connection points [2][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 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 Company's business [2] - Defendants allegedly concealed the true 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 [2] Group 2: Investor Information - Investors who suffered losses during the specified period 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, with no obligation to participate [3] Group 3: Law Firm Background - Levi & Korsinsky has a history of securing significant settlements 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]

Core Points - A class action securities lawsuit has been filed against Fortinet, Inc. to recover losses for shareholders affected by alleged securities fraud between November 8, 2024, and August 6, 2025 [2] - The lawsuit claims that Fortinet misrepresented the potential profitability of its product refresh cycle and concealed critical information regarding the actual number of FortiGate firewalls eligible for upgrades [3] Company Details - The complaint alleges that Fortinet's management made false statements about the refresh cycle's profitability, stating it would be lucrative, while in reality, it involved old products that represented a "small percentage" of the company's business [3] - It is also claimed that Fortinet misled investors by suggesting that the refresh would gain momentum over two years, while in fact, the company had pushed through about half of the refresh in just a few months by the end of Q2 2025 [3] Next Steps - Shareholders who suffered losses during the specified timeframe are encouraged to seek information about their rights to recovery, with no cost or obligation to participate [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][3]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from November 8, 2024, to August 6, 2025. Allegations include that Fortinet misrepresented the potential profitability of a product refresh cycle, which was based on old products that constituted a "small percentage" of the company's business. Additionally, the company allegedly 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 [3]. Next Steps for Shareholders - Shareholders who purchased shares of FTNT during the specified timeframe are encouraged to register for the class action. The deadline for seeking lead plaintiff status is November 21, 2025. Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud. The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].

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 concealment of material information related to the company's product refresh cycle and FortiGate firewall upgrades [1][2]. Group 1: Allegations and Class Action Details - The class period for the lawsuit is from November 8, 2024, to August 6, 2025 [1]. - Allegations include 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]. - The complaint states 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, which was pushed through aggressively in a short time frame [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by November 21, 2025, to potentially become lead plaintiffs [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, emphasizing the importance of responsible corporate behavior [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 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 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, 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].

Core Insights - Fortinet (FTNT) has seen a decline of -6.3% recently, while Microsoft (MSFT) is positioned as a more favorable investment option due to stronger revenue growth, enhanced profitability, and lower valuation [1][3] Company Performance Comparison - Microsoft has demonstrated a quarterly revenue growth of 18.4% and a 12-month revenue growth of 15.6%, outperforming Fortinet's 13.6% and 14.5% respectively [6] - In terms of profitability, Microsoft boasts a Last Twelve Months (LTM) margin of 46.3% and a 3-year average margin of 44.6%, indicating superior profitability compared to Fortinet [6] Market Trends and Positioning - Microsoft is recognized as a foundational technology player with strong momentum in artificial intelligence, cloud computing, and enterprise software partnerships, showing resilience during market volatility [3] - Fortinet is primarily focused on cybersecurity solutions but is more vulnerable to fluctuations in IT spending cycles and specific product demand, which has affected its stock performance [3]

Core Insights - Fortinet (FTNT.US) reported strong Q3 earnings with adjusted EPS of $0.74, exceeding market expectations of $0.63, and revenue growth of 14% year-over-year to $1.72 billion, surpassing the anticipated $1.7 billion [1] - The company anticipates Q4 revenue between $1.83 billion and $1.89 billion, with a midpoint of $1.86 billion, slightly below the expected $1.88 billion, and adjusted EPS guidance of $0.73 to $0.75, above the forecast of $0.67 [1] - For the full year 2025, Fortinet adjusted its revenue guidance to a range of $6.72 billion to $6.78 billion, down from the previous range of $6.68 billion to $6.83 billion, while maintaining an adjusted gross margin forecast of 80.3% to 80.8% [1] Analyst Ratings - Needham maintains a "Hold" rating without a price target, citing slow service revenue growth attributed to the lagging impact of last year's product revenue decline [2] - Citigroup keeps a "Neutral" rating but lowers the target price from $85 to $83, noting the tenth consecutive quarter of slowing service revenue growth and a lack of signs of recovery [2] - Mizuho maintains an "Underperform" rating and reduces the target price from $75 to $72, expressing concerns over recent execution challenges and intense competition in the SASE and SecOps markets [2] - Oppenheimer retains a "Neutral" rating without a price target, highlighting concerns over growth stability and uncertainties regarding service and SASE revenue growth rates [2] - Wedbush remains the most optimistic with an "Outperform" rating, lowering the target price from $100 to $90, focusing on profit margins and strong execution despite increased investments [2]