Fortinet Shareholders Facing Losses Can Now Lead Class Action Against Securities Fraud

Fortinet Shareholders' Opportunity for Legal Action

Investors in Fortinet, Inc. (NASDAQ: FTNT) who suffered financial losses now have a significant opportunity to take action regarding their investments. The Law Offices of Howard G. Smith has issued a statement inviting these shareholders to lead a class action lawsuit aimed at addressing alleged securities fraud committed by the company. This action is particularly relevant for individuals who made investments during the period from November 8, 2024, to August 6, 2025.

Background of the Lawsuit

The essence of the lawsuit alleges that Fortinet misled its investors about the performance and potential profitability of their product refresh cycle. It is claimed that this refresh cycle, which represented the company's strategy to boost sales through updating older products, failed to deliver the promised results. Investors have raised concerns that Fortinet had not been transparent about the extent to which the refresh cycle would positively impact its revenue and overall business health.

The specific allegations include:
1. Fortinet overstated the revenue potential of its refresh cycle, suggesting it would be much more lucrative than it actually was.
2. The company failed to provide an accurate account of how many FortiGate firewalls could realistically be upgraded under this plan, leaving investors unaware of the actual market condition.
3. Despite claims that the product refresh would gain traction over two years, Fortinet pushed through a significant portion of the refresh in a compressed timeframe, undermining the sustainability of sales growth.
4. The positive remarks made by Fortinet’s management regarding the company's prospects were misleading and lacked a solid foundation.

By failing to disclose these critical pieces of information, the company may have misled its investors about their investment's performance, thus resulting in substantial financial losses as the company's stock value subsequently declined.

Participation in the Class Action

Shareholders who lost money due to the alleged securities fraud are encouraged to reach out to the Law Offices of Howard G. Smith. The deadline for interested investors to contact Howard G. Smith is November 21, 2025, which is the date set for lead plaintiff submissions. Even if you do not wish to take immediate action, you may still be eligible to participate in the lawsuit later. Retaining an attorney of your choice is an option for those who wish to explore their legal rights further.

For additional information or to discuss participating in the class action lawsuit, shareholders can contact the Law Offices of Howard G. Smith directly through the following channels:

Conclusion

This is a crucial moment for Fortinet shareholders as they navigate their rights in the face of possible fraudulent actions taken by the company. Engaging in this class action could provide a pathway not only for potential restitution but also for accountability regarding corporate governance and transparency practices within Fortinet. As more shareholders recognize their losses and the available options, this lawsuit may play a significant role in shaping future investor relations and business practices at Fortinet.