#United States #Securities #Los Angeles #Fortinet #Fraud Lawsuit

Fortinet Shareholders: Opportunity to Lead Securities Fraud Class Action

Fortinet, Inc., known under the ticker symbol FTNT, is currently facing scrutiny as its shareholders seek to address substantial financial losses through potential legal action. On November 12, 2025, the Law Offices of Frank R. Cruz announced that investors affected by these losses have the chance to take the lead in an ongoing securities fraud class action lawsuit. This lawsuit centers around alleged misconduct during a critical refresh cycle of the company's products, which was not as fruitful as represented.

What the Lawsuit Entails

The core of the lawsuit addresses allegations that, between November 8, 2024, and August 6, 2025, Fortinet made misleading statements about its operational performance and growth potential. Investors claim that the company did not adequately disclose critical information regarding the refresh cycle of its FortiGate firewalls. Specifically, the complaint alleges several key misleading points:

1. Misrepresentation of Product Refresh Cycle: Fortinet purportedly misrepresented the refresh cycle's profitability. The company claimed that this cycle would be a substantial revenue source, whereas it was revealed to consist largely of older products contributing only a minor segment of overall business.

2. Lack of Clear Visibility: Fortinet’s management failed to provide a clear picture regarding the number of firewalls that could actually be upgraded during this cycle. This ambiguity created a misleading narrative about the company's growth prospects.

3. Accelerated Push Through Refresh: While the tech firm indicated to investors an expectation of gradual gains from the refresh cycle, it was later alleged that Fortinet had quickly pushed through nearly half of the expected refresh in just a few months, misleading many into believing a steadier, sustained growth.

4. Material Misleading Claims: The cumulative effect of the above statements meant that many investors were left with materially misleading information regarding Fortinet’s business outlook, operational status, and future potential.

Participation Details

For those who suffered losses as a result of Fortinet's actions, there exists a pivotal moment to participate in the class action lawsuit. Interested shareholders can contact the Law Offices of Frank R. Cruz before the lead plaintiff deadline of November 21, 2025. Potential participants will find that they are not required to make any immediate decisions other than reaching out to the law office for further guidance. Those wishing to inquire can email, call, or visit the firm's website for more information.

This means even if investors decide not to take immediate action, they still retain their rights as absent members of this class action lawsuit.

Conclusion

For investors seeking justice after experiencing losses with Fortinet, the opportunity to lead a securities fraud lawsuit could provide a path to accountability and potentially significant restitution. As the case develops, participating shareholders will be crucial in shaping the outcome of this legal action. Investing is inherently risky, and situations like these highlight its volatility, underscoring the importance of corporate accountability in business practices.

Keep an eye on updates as this case unfolds and ensure to stay connected with the Law Offices of Frank R. Cruz for more information.