Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades of its FortiGate firewalls, leading to significant stock price decline when the truth was revealed [1][2][3]. Group 1: Allegations - The lawsuit claims that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates requiring an upgrade [2]. - It is alleged that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2]. - The complaint states that the refresh of the firewalls had minimal business impact, as it represented only a small percentage of the company's business due to the age of the products [2]. Group 2: Stock Price Impact - Following the revelation of these allegations, 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]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against Fortinet and can contact Robbins LLP if they wish to serve as lead plaintiff [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: Firm Background - Robbins LLP is recognized for its leadership in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

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 Insights - Fortinet (FTNT) is positioned to potentially continue its earnings-beat streak, having a history of exceeding earnings estimates, particularly in the last two quarters with an average surprise of 8.95% [1][5] Earnings Performance - For the most recent quarter, Fortinet reported earnings of $0.59 per share against an expectation of $0.64, resulting in a surprise of 8.47%. In the previous quarter, the company reported $0.58 per share compared to a consensus estimate of $0.53, achieving a surprise of 9.43% [2][5] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Fortinet, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat, especially given its solid Zacks Rank [5][8] - The current Earnings ESP for Fortinet is +4.45%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6][8] - The next earnings report for Fortinet is expected to be released on November 5, 2025 [8]

Shareholders who purchased shares of FTNT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. DEADLINE: November 21, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fortinet-inc-loss-submission-form/? id=170636&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a sharehol ...

Core Insights - The focus on artificial intelligence (AI) is significant as it represents a major technological transformation, with cybersecurity stocks also benefiting from this trend [1][2]. Cybersecurity Sector Overview - Key players in the cybersecurity sector include CrowdStrike Holdings Inc. (CRWD), Palo Alto Networks Inc. (PANW), and Fortinet Inc. (FTNT), all of which are included in top industry ETFs [2]. - CrowdStrike is highlighted as the best positioned for long-term growth due to its cloud-native and AI-first Falcon platform [4][6]. CrowdStrike Holdings Inc. (CRWD) - CrowdStrike's Falcon platform offers 29 modules across three categories: Endpoint Security, Security and IT Operations, and Threat Intelligence, with subscription sales accounting for approximately 95% of its revenue [4]. - The company forecasts full-year revenue between $4.74 billion and $4.81 billion, indicating a year-over-year growth of 20% at the low end of the forecast [5]. - Despite having the highest premium among the three stocks, CrowdStrike's structural advantage justifies its high valuation multiple [6]. Palo Alto Networks Inc. (PANW) - Palo Alto Networks has a market cap exceeding $138 billion and is focusing on migrating into the AI and cloud security space through acquisitions [8]. - The company reported a 32% year-over-year increase in annual recurring revenue for next-gen security, but its stock has only risen 14% for the year, which may be attributed to growth expectations [8]. - Total revenue growth for 2026 is expected to be around 14%, similar to 2025, as the company faces competition in cloud and AI adoption [8]. Fortinet Inc. (FTNT) - Fortinet is known for its firewall business and has expanded into cloud security with its FortiCloud platform, which incorporates AI [11]. - The company has achieved over 14% year-over-year growth in the trailing 12-month period, but concerns exist regarding the pace of future growth due to the potential end of the current firewall upgrade cycle [12]. - Analysts have expressed skepticism about Fortinet's growth prospects, with the company currently holding a "Hold" rating among analysts [13].

Core Viewpoint - Rosen Law Firm is reminding purchasers of Fortinet, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company regarding its business performance and product upgrades [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to Fortinet common stock purchases made between November 8, 2024, and August 6, 2025, with a lead plaintiff deadline set for November 21, 2025 [1][2]. - Investors who purchased Fortinet stock during the specified period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [1]. Group 2: Allegations Against Fortinet - The lawsuit alleges that Fortinet made materially false and misleading statements about a "record" round of FortiGate unit upgrades, claiming it would generate between $400 million to $450 million in product revenue for 2025 and 2026 [4]. - It is claimed 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 FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through rapidly in a short timeframe [5].

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for alleged misrepresentations regarding its product refresh cycle and the true number of FortiGate firewalls eligible for upgrades, leading to significant investor losses [6]. Allegation Details - The lawsuit claims that Fortinet's management misled investors about the profitability of the refresh cycle, stating it would be lucrative despite it involving old products that represented a small portion of the company's business [6]. - It is alleged that Fortinet concealed the uncertainty regarding the number of FortiGates that could be upgraded and misrepresented the momentum of the refresh cycle, which was pushed through rapidly in a short time frame [6]. - On August 6, 2025, Fortinet disclosed during an earnings call that it was only 40% to 50% through the 2026 upgrade cycle, contradicting previous statements about the refresh's potential impact [6]. Next Steps - Investors who purchased Fortinet shares during the specified class period (November 8, 2024, to August 6, 2025) and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 21, 2025 [6]. About the Law Firm - Bragar Eagel & Squire, P.C. is a recognized law firm specializing in representing individual and institutional investors in complex litigation across various courts in the United States [5].

Core Insights - Fortinet, Inc. is facing a class action lawsuit from investors who purchased securities between November 8, 2024, and August 6, 2025, with a deadline to file a lead plaintiff motion by November 21, 2025 [1][2] - The company's disappointing second quarter 2025 financial results led to a significant stock price drop of $21.28 per share, or 22.03%, closing at $75.30 per share on August 7, 2025 [3] Financial Performance - Fortinet reported second quarter 2025 financial results that did not meet investor expectations, causing confusion regarding the company's revenue growth and billings [3] - The company indicated that 40% to 50% of its accelerated firewall refresh, estimated to be a $450 million opportunity involving 650,000 units, was completed, yet this did not translate into stronger product revenue growth [3] Legal Actions - The Portnoy Law Firm is representing investors in claims related to corporate wrongdoing, highlighting the firm's history of recovering over $5.5 billion for aggrieved investors [4]

LOS ANGELES, Oct. 03, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. RCI ...