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Important Update for Fortinet Investors

In recent news, Robbins LLP has issued a reminder to shareholders of Fortinet, Inc., who may want to participate in a class action lawsuit regarding certain disclosures made by the cybersecurity firm. This action is particularly relevant for those who purchased or otherwise acquired shares of Fortinet's common stock between November 8, 2024, and August 6, 2025, a period during which significant allegations were raised about the company’s transparency.

Allegations Against Fortinet

The allegations brought forth in the complaint suggest that Fortinet may have misleadingly presented the impact of upgrade requirements for its FortiGate firewalls. Specifically, the lawsuit claims that Fortinet did not properly disclose that:

1. Uncertainty in Upgrade Requirements: It was difficult to ascertain the precise number of FortiGates that required upgrading. This lack of clarity potentially left investors with a skewed understanding of the company's business health.
2. Customer Capacity Issues: The complaint notes that customers had purchased prior years' firewall capacity and thus did not necessarily require an upgrade, which impacts the anticipated business from these products.
3. Limited Business Impact: For many FortiGates, their upgrades represented only a minor fraction of Fortinet's overall business performance, as many of these units were considerably old and sold when the company was much smaller compared to its current state.

As a consequence of these revelations, Fortinet’s stock price saw a notable decrease of over 22%, plummeting from $96.58 per share on August 6, 2025, to $75.30 on the following day. This drastic drop underscores the potential ramifications of the allegations on shareholder value and market perception.

Next Steps for Investors

Investors who wish to participate in this class action lawsuit have the opportunity to act before the forthcoming deadline for lead plaintiffs. This role involves acting on behalf of other members in guiding the case forward. As a lead plaintiff, you would not be required to participate in the case actively or financially, but you will help represent the interests of other class members.

For interested shareholders, Robbins LLP urges those who want to take on this role to reach out and connect with their offices. The firm operates on a contingency fee basis, meaning that investors will not incur any fees or expenses unless they recover damages, further lowering the barrier for shareholder involvement.

About Robbins LLP

Robbins LLP, established in 2002, is recognized as a leading firm in the realm of shareholder rights litigation. Their commitment to defending the interests of investors has earned them a reputation for diligence and effectiveness in restoring shareholder value. The firm has been instrumental in helping shareholders recover their losses and advocating for improved corporate governance structures.

For those who want to stay informed about the progress of the class action against Fortinet or other corporate governance issues, Robbins offers a service called Stock Watch, allowing shareholders to receive real-time updates about potential settlements or wrongdoing by executives.

It is essential for shareholders to remain vigilant and proactive in safeguarding their investments, particularly when faced with allegations that could significantly impact their financial interests.