Fortinet, Inc. Shareholders Alert: Class Action Lawsuit Deadline Approaching Soon

Alert for Fortinet, Inc. Shareholders

The Gross Law Firm has issued an important notification for shareholders of Fortinet, Inc. (NASDAQ: FTNT) regarding a pending class action lawsuit. If you purchased shares between November 8, 2024, and August 6, 2025, you may have the opportunity to participate in this class action due to alleged misrepresentation by the company regarding their financial status.

What’s the Background?

Shareholders are urged to come forward as the deadline to appoint a lead plaintiff is set for November 21, 2025. According to the complaint, Fortinet's executives allegedly misled investors about the profitability of their product refresh cycle. This cycle, claimed to be lucrative, involved older products that represented only a minor segment of Fortinet's business. Furthermore, the company failed to provide transparent information about the actual number of FortiGate firewalls eligible for upgrades.

Misleading Representations

Fortinet's statements during this period indicated a rising demand for their products, but the reality was different. The misrepresentation resulted in inflated stock prices that ultimately affected the market when the truth surfaced. Specifically, executives stated that the refresh would gain momentum over two years, only to undercut that timeline by pushing through a significant portion in just a few months by the second quarter of 2025.

Participation in the Lawsuit

Shareholders who wish to seek recovery can register their interest on the official website. Your registration allows the firm to monitor your portfolio and provide status updates about the lawsuit’s progress, ensuring that investors remain informed throughout the process. Importantly, there is no financial commitment required to participate in the class action, and being a lead plaintiff is voluntary.

Why Should You Act Now?

Delaying your registration may hinder your ability to recover losses incurred due to alleged fraudulent activities by Fortinet. Participating in this lawsuit is a crucial step for affected shareholders to assert their rights and seek justice. The Gross Law Firm emphasizes its mission to protect the rights of investors against deceitful and illegal practices within the corporate realm.

Contact the Gross Law Firm

For shareholders looking for assistance or wanting to learn more about the class action, you can reach out to The Gross Law Firm directly at their New York office. They have been recognized for their commitment to holding companies accountable and ensuring investors are treated fairly.

Important Links:

In closing, Fortinet, Inc. shareholders who purchased stocks during the stated period must act quickly. With a deadline approaching on November 21, 2025, participating in this lawsuit could be vital for recovering potential losses. Stay proactive and ensure your voice is heard in addressing these serious allegations against Fortinet.