#United States #Los Angeles #Glancy Prongay #Fortinet #Secuities Fraud

Investors Have Opportunities for Legal Action Against Fortinet, Inc.

As investors in Fortinet, Inc. (NASDAQ: FTNT) continue to navigate the financial repercussions of the company's recent performance, a significant announcement from legal firm Glancy Prongay & Murray LLP offers a glimmer of hope for those who have suffered losses. The firm has declared that shareholders may have the chance to lead a securities fraud class action lawsuit pertaining to allegations of misleading statements made by Fortinet's top management.

Background on the Allegations

The lawsuit centers around claims that from November 8, 2024, to August 6, 2025, Fortinet's executives failed to clearly communicate critical information concerning the company's operational strategies and the actual performance of its products. Several key points highlight the alleged misrepresentation by the company:

1. Misleading Refresh Cycle: Claims have been made that the anticipated product refresh cycle touted by Fortinet was not as financially promising as implied. Instead, it was primarily based on outdated products that reflected only a negligible fraction of the company's overall business.

2. Lack of Transparency on Product Upgrades: There are accusations that Fortinet executives did not possess an accurate understanding of how many FortiGate firewalls could realistically be upgraded within the projected timeline. This lack of clarity casts doubt on the company's ability to meet its operational goals as promised.

3. False Promises of Momentum: During this period, Fortinet reportedly assured investors that the refresh would build momentum over two years. However, evidence suggests that the company may have rushed through approximately half of these upgrades in just a couple of months, specifically by the end of the second quarter of 2025.

4. Materially Misleading Statements: Taken together, these factors have led to claims that the optimistic assertions made by Fortinet regarding its business operations were not only misleading, but also lacked a reasonable basis during the relevant timeframe.

Taking Action

For those who have endured financial losses while investing in Fortinet, this situation presents an important opportunity to advocate for justice. The deadline to initiate participation as a lead plaintiff in the class action lawsuit is November 21, 2025. Interested investors are encouraged to act quickly to secure their position in the proceedings.

To learn more about participating in this legal action or for any inquiries regarding their rights and interests related to Fortinet's alleged misrepresentations, potential leads are urged to contact Glancy Prongay & Murray LLP directly.

How to Contact

• - Charles Linehan, Esq.

Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, California 90067
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit: www.glancylaw.com

Even if a potential participant is unsure about immediate action, it is worth noting that retaining counsel of choice or opting to remain an unrepresented member of the class is permissible. This vital information is essential for current and former Fortinet investors seeking accountability.

Conclusion

The unfolding lawsuit reflects broader issues concerning transparency and accountability in corporate operations. As more shareholders come forward, the position of Fortinet within the industry could face significant scrutiny. This class action lawsuit may pave the way for other companies and investors to reassess the importance of ethical representation in their business dealings. As this situation develops, it will be crucial for investors to remain informed and proactive regarding their rights and available options.