#United States #San Diego #Class Action #Robbins LLP #Fortinet

Class Action Alert for Fortinet, Inc. Shareholders

Robbins LLP has recently announced that a class action lawsuit has been filed on behalf of individuals and entities who bought or acquired common shares of Fortinet, Inc. (NASDAQ: FTNT) between November 8, 2024, and August 6, 2025. As a leading player in cybersecurity, Fortinet finds itself in a difficult situation as it faces allegations of misrepresenting crucial information regarding its business practices and product upgrades.

Background of the Case

The complaint highlights that Fortinet has come under scrutiny for allegedly failing to disclose critical facts about the impact of upgrades required for its FortiGate firewalls. According to the lawsuit, the company misrepresented the extent to which these upgrades were necessary and the actual demand from customers. Specifically, it was claimed that:

• - Uncertain Upgrade Forecasts: Defendants did not clarify that predicting the total number of FortiGates requiring an upgrade was challenging.
• - Excess Firewall Capacity: Customers had an excess capacity from previous purchases and therefore did not necessarily require the upgrades being pushed by Fortinet.
• - Limited Business Impact: Given that the older products had been sold when Fortinet was substantially smaller, the number of eligible devices was limited, meaning the upgrades could only contribute modestly to the overall business.

In light of these allegations, the stock price of Fortinet plummeted over 22% in the aftermath of the news being disclosed. On August 6, 2025, the stock closed at $96.58, but by the following day it had dropped to $75.30, causing significant financial repercussions for shareholders.

What Actions Can Shareholders Take?

Shareholders of Fortinet, Inc. who qualify for participation in this class action are encouraged to reach out to Robbins LLP. If you wish to serve as a lead plaintiff, which entails acting on behalf of other class members, you are encouraged to contact their office. It is important to note that it is not necessary to be actively participating in the case to be eligible for any potential compensation.

Robbins LLP ensures that all representation within this class action will be conducted on a contingency fee basis, meaning shareholders will incur no out-of-pocket expenses. This structure aims to alleviate financial barriers, allowing all eligible shareholders to participate.

About Robbins LLP

Robbins LLP is well-recognized in the realm of shareholder rights litigation, representing clients since 2002. Their commitment focuses on helping shareholders recover losses, improve corporate governance, and hold executives accountable for misconduct. The firm has a proven track record and an established reputation for dedication to their clients’ rights.

Conclusion

As a shareholder of Fortinet, this class action presents an opportunity to seek accountability for potential misrepresentations that may have affected your investment. If you are interested in staying informed about the progress of this class action or if you want a notification upon a successful settlement, you may wish to sign up for ongoing updates provided by Robbins LLP. The world of investing is fraught with risks, and due diligence is crucial. Stay vigilant and proactive in safeguarding your investments.

For additional details or to get more information regarding this class action, interested parties can submit a form or contact attorney Aaron Dumas, Jr. directly. Additionally, they can call Robbins LLP at (800) 350-6003 for assistance.