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

Fortinet Investors Alert: Join the Class Action Lawsuit

A significant opportunity has arisen for investors of Fortinet, Inc. (NASDAQ: FTNT) as the law firm Robbins Geller Rudman & Dowd LLP has announced the initiation of a class action lawsuit on behalf of those who purchased the company’s common stock during a critical period. If you acquired shares between November 8, 2024, and August 6, 2025, you might be eligible to serve as the lead plaintiff.

Understanding the Situation

The lawsuit, titled Oklahoma Firefighters Pension and Retirement System v. Fortinet, Inc., claims that Fortinet and some of its key executives violated the Securities Exchange Act of 1934. According to the allegations, the company misled investors regarding the profitability of a refresh cycle, as well as the actual number of FortiGate firewalls that needed upgrading.

Key Allegations

The primary allegations against Fortinet include:
1. Misrepresentation of Profitability: The defendants claimed that the refresh cycle would be highly lucrative. However, it was revealed that it only consisted of outdated products that made up a small fraction of Fortinet's revenue.
2. Concealment of Data: The executives concealed crucial information regarding the actual number of FortiGates eligible for upgrades. They claimed a significant ramp-up in renewals, but it later became evident that the company aggressively pushed through a large number of upgrades in only a few months.
3. Misleading Investor Communication: During its August 6, 2025 earnings call, Fortinet disclosed that it was already significantly into the 2026 upgrade cycle, which contradicted previous representations to its investors.

These revelations led to a dramatic decline in Fortinet’s stock price, dropping by over 22%.

How to Get Involved

Investors who believe they qualify as lead plaintiff in this class action have until November 21, 2025, to express their willingness to lead the case. The process allows investors with the most substantial financial interest and commonality with other class members to take charge of the lawsuit. This is a vital role, as the lead plaintiff will direct the litigation and decide on the legal representation.

If you are an investor who faced significant losses and are interested in leading this action, you should act promptly. You can reach out to Robbins Geller’s attorneys, J.C. Sanchez or Jennifer N. Caringal, via phone or email for guidance.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP is renowned for its exceptional performance in securities fraud and shareholder litigation, consistently ranking at the top for recovery amounts on behalf of investors. The firm has secured more than $2.5 billion for clients in 2024 alone, making it one of the most successful law firms in this sector globally.

For more detailed information regarding your eligibility and the process to potentially recover losses, you can visit their official page on the Fortinet class action lawsuit.

Conclusion

The class action lawsuit filed against Fortinet presents a unique opportunity for affected investors to take a stand and pursue recovery of their losses. If you fall within the relevant buying period, consider reviewing your situation and contacting a legal representative to understand the next steps. This could be your chance to reclaim what you may have lost in this significant case.