Investors of Fortinet, Inc. Have a Chance to Lead Securities Fraud Suit Against the Company

In a significant development for investors, the Rosen Law Firm is reminding purchasers of common stock in Fortinet, Inc. (NASDAQ: FTNT) of a pressing deadline to become lead plaintiffs in a class action lawsuit concerning alleged securities fraud. The crucial date is November 21, 2025, and those who bought shares between November 8, 2024, and August 6, 2025, have the opportunity to seek compensation.

Why Join the Class Action?

If you acquired Fortinet stock during the specified class period, you might qualify for compensation through a contingency fee arrangement, meaning you won't need to pay any out-of-pocket expenses to participate. The class action is already underway, and to take part, investors can visit the Rosen Law Firm’s website at rosenlegal.com or reach out directly to attorney Phillip Kim at 866-767-3653 or via email at [email protected].

Importance of Qualified Counsel

Selecting experienced legal representation can significantly impact the outcome of a case. The Rosen Law Firm has a well-established history in securities class actions and has achieved notable settlements, ranking at the forefront in recovery for investors. In 2019 alone, they secured over $438 million for investors, underscoring their capability and experience in spearheading such litigations.

Allegations of Fraud

At the heart of this lawsuit are allegations claiming that Fortinet made materially false and misleading statements about the performance and sustainability of what they termed a “record” refresh cycle for their FortiGate units. Defendants are accused of asserting that this refresh cycle would yield substantial revenues—between $400 million to $450 million over the 2025 and 2026 fiscal years—while simultaneously misrepresenting the true pace and scale of these product upgrades.

The lawsuit contends that key executives at Fortinet were aware that the refresh cycle wouldn't be as profitable as claimed, noting that it primarily involved older products constituting only a small fraction of the company's overall business. Investors were misled about the number of FortiGate firewalls eligible for upgrades, leading to considerable financial losses once the reality of the situation emerged.

The Impact on Investors

When the actual conditions related to Fortinet's refresh cycle became public, many investors experienced significant financial damages. The class action seeks to hold the defendants accountable for these alleged misrepresentations, allowing affected shareholders a chance to recover losses incurred during this period.

Next Steps for Investors

If you believe you meet the requirements to join this class action, it is crucial to act promptly. Interested investors must file motions with the Court by the deadline to ensure their voices are heard and that they can take on the role of lead plaintiff, representing the interests of the group.

Additionally, it's vital to note that until a class is certified, participants are not legally represented unless they engage legal counsel.

Conclusion

Investors who purchased shares of Fortinet between November 8, 2024, and August 6, 2025, should consider taking action to join this important class action lawsuit. With a reputed firm like the Rosen Law Firm leading the charge, there’s potential for a favorable resolution for those impacted by the alleged fraud. For further inquiries or to submit your information, please visit rosenlegal.com for detailed instructions or to initiate contact with the firm's legal team.