Fortinet Investors Alert: Class Action Lawsuit Announced for Securities Fraud

On November 4, 2025, the law firm Levi & Korsinsky LLP announced a class action lawsuit targeting Fortinet, Inc. (NASDAQ: FTNT) amid allegations of securities fraud. This legal action is set to represent investors who suffered losses between November 8, 2024, and August 6, 2025, due to purported deceptive practices by the company.

Class Action Overview

The lawsuit primarily aims to recover financial losses for Fortinet investors arising from claims that the company falsely represented its business activities and financial prospects. The complaint indicates that defendants made misleading statements regarding the anticipated profitability of a product refresh cycle, misleading shareholders about the actual state of Fortinet's operations and financial health. According to the documentation submitted, Fortinet allegedly downplayed the reality that the refresh cycle would not yield the projected results, as it involved older products that constituted only a minor fraction of the company's overall business.

Key Allegations

The foundational accusation suggests that the executives at Fortinet were aware of the shortcomings surrounding the refresh cycle and concealed the actual number of FortiGate firewalls eligible for upgrades. Furthermore, they purportedly implied that the refresh would ramp up momentum over the course of two years — despite evidence pointing to a significant acceleration of this activity within just months, concluding by the second quarter of 2025. This misrepresentation has drawn the attention of legal authorities and investors alike as they question the company's integrity over these claims.

Seeking Justice

Investors who believe they suffered losses during the specified period are encouraged to file a request by November 21, 2025, if they wish to be considered for lead plaintiff status in the lawsuit. Importantly, participation in this class action will not incur any upfront costs or obligations for the investors; compensation may be available to those eligible class members without any expenditure on their part.

Why Choose Levi & Korsinsky?

Levi & Korsinsky LLP brings two decades of expertise to the forefront of shareholder representation in complex securities litigation. The firm has a notable track record, having secured hundreds of millions of dollars for aggrieved investors over the years. With a solid reputation as one of the leading securities litigation establishments within the United States, the firm ranks consistently among the top in various assessments, showcasing its reliability and commitment to justice for shareholders.

Contact Information

Investors seeking further details or wishing to join the class action can directly reach out to Joseph E. Levi, Esq., or Ed Korsinsky, Esq. at Levi & Korsinsky, LLP. They are available via email or telephone for inquiries.

For more details regarding the lawsuit or to initiate your claim, visit Levi & Korsinsky’s official site. Don't miss the opportunity to pursue justice for your investment losses with experienced representation.

Conclusion

As this situation develops, it remains integral for Fortinet investors to stay informed and act timely to potentially recover losses. The lawsuit is a crucial step in holding corporations accountable for their actions and ensuring that shareholders receive the necessary support and representation in the complex world of securities investment.