#USA #New York #Securities Fraud #Pomerantz #Fortinet

Investors Alert: Class Action Lawsuit Filed Against Fortinet, Inc.

Pomerantz LLP has announced a class action lawsuit against Fortinet, Inc. (NASDAQ: FTNT), highlighting serious allegations of securities fraud. This lawsuit is significant for investors who have experienced financial losses in light of Fortinet's recent disclosures regarding its flagship products, particularly the FortiGate firewalls. If you are an investor who purchased Fortinet securities during the Class Period, you must act swiftly, as the deadline to apply for lead plaintiff status is set for November 21, 2025.

About the Class Action Lawsuit

The class action complaint centers on whether Fortinet, along with certain officers and directors, has engaged in fraudulent activities that misled investors about the company's actual financial performance and future business prospects. The lawsuit stems from statements made during the company's quarterly earnings call on August 6, 2025, where Fortinet revealed critical information about its FortiGate firewall upgrade cycle. Fortinet disclosed that it is only about 40% to 50% progressed in the upgrade cycle for FortiGates, which is concerning given that these firewalls are essential to the company's product revenue. Moreover, the executives acknowledged significant uncertainty regarding the number of firewalls that would require upgrades, stating, "it's hard for us to predict." This revelation utterly contravenes the expectations set for investors, adding to the gravity of their concerns.

Impact on Fortinet's Stock Price

Following the earnings call, Fortinet's stock plummeted by $21.28 per share, a staggering 22.03% drop that brought the closing price to $75.30 per share on August 7, 2025. This substantial decline sparked fears and raised questions regarding the company's overall business strategy and the possibility of broader implications for stakeholders. Investors who relied on Fortinet's previous forecasts were understandably unsettled, leading to calls for accountability.

Pomerantz's Role and Expertise

Pomerantz LLP, known for its dedication to corporate and securities class litigation, has a robust track record of recovering multi-million dollar settlements for aggrieved investors. Founded over 85 years ago by Abraham L. Pomerantz, the firm continues to uphold his legacy, aggressively pursuing justice for victims of misconduct in the securities industry. Investors looking to join this class action can reach out to Danielle Peyton at Pomerantz using their email address, which is part of their press release, or by phone. To facilitate inquiries, potential class members are encouraged to provide their contact details and specific information regarding their Fortinet stock transactions.

How to Participate

If you believe you fall within the parameters of the class, consider reaching out promptly. Participation in the class action could not only provide a pathway to potentially recover losses but also hold Fortinet accountable for its actions. Access to the full complaint is available at www.pomerantzlaw.com, which may offer further insights into the allegations.

Conclusion

As this lawsuit develops, all eyes will be on Fortinet as it navigates the accusations made against it. For investors, staying informed and proactive is crucial. The forthcoming weeks will undoubtedly shape the company’s reputation and financial stability, and those wronged by the alleged misrepresentation deserve a voice. Join the class action and ensure your concerns are heard before the approaching deadline.

• ---

This article serves as a reminder of the importance of vigilance in the marketplace and the necessity of holding publicly traded companies accountable for their securities practices.