Investors Can Take Action in Fortinet, Inc. Securities Fraud Lawsuit
Investors and Fortinet, Inc.: A Call to Action
In a significant legal development, the Rosen Law Firm, a reputable global investor rights law firm, has issued a reminder to investors regarding an opportunity to take part in a securities fraud lawsuit involving Fortinet, Inc. (NASDAQ: FTNT). This lawsuit concerns stock purchases made between November 8, 2024, and August 6, 2025. The firm is urging anyone who purchased shares within this period to consider acting as the lead plaintiff in this class action.
The Background of the Case
The lawsuit revolves around allegations that Fortinet made misleading statements about its financial performance and the sustainability of its product upgrades, specifically during what was purported to be a record-breaking refresh cycle for its FortiGate units. According to the claims, Fortinet generated expectations of exceptional revenue from these upgrades, asserting figures between $400 million to $450 million for 2025 and 2026. However, the allegations suggest that the actual efficacy of this refresh cycle was significantly overestimated by the defendants involved.
Defendants allegedly misrepresented the extent of the upgrades, which were comprised mainly of older products making up only a small segment of Fortinet's overall business. Additionally, it is claimed that Fortinet had limited insight into the actual number of FortiGate firewalls that could be upgraded. Even more concerning were the statements that promised increasing momentum for the upgrade cycle throughout 2025, which were disputed by claims suggesting that many upgrades were hastily expedited in the early months of the rollout.
Key Details for Class Members
Investors who believe they were affected by these events are encouraged to join the class action suit. The deadline to take the lead plaintiff role is November 21, 2025. Notably, there are no upfront costs to participate in this lawsuit, as those who join can do so under a contingency fee arrangement, meaning that fees will only be paid in the event of a successful claim. For further information, investors can reach out to Phillip Kim, Esq. at the Rosen Law Firm directly through the contact details provided.
Why Choose the Rosen Law Firm?
The Rosen Law Firm has an established history of success in securities class action suits. They have consistently ranked among the top law firms for their litigation outcomes and were notably involved in the largest securities class action settlement with a Chinese company at that time. Laurence Rosen, the founding partner, has been recognized as a leader within the plaintiff's bar, showcasing the firm's commitment and capability in protecting investor rights.
Investors are strongly encouraged to select a law firm with proven experience in these types of cases. The Rosen Law Firm has successfully recovered millions for investors, including over $438 million in 2019 alone, affirming their role as a powerful advocate for shareholders.
Next Steps for Affected Investors
For individuals who purchased Fortinet shares during the specified period and wish to join the class action, the steps are straightforward. Interested parties should visit the Rosen Law Firm's website to fill out a submission form or directly contact their toll-free number for assistance. It's critical to act swiftly, as potential lead plaintiffs must submit their motions by the November deadline to ensure their representation in this important case.
Engagement in this lawsuit not only offers a potential path to compensation but also holds corporations accountable for their actions, particularly regarding transparency and accuracy in financial claims. Investors have the right to seek justice when misrepresentations could lead to personal financial loss.
In conclusion, the situation surrounding Fortinet serves as a reminder of the importance of due diligence in investment practices and having the right legal resources at hand. Whether or not you aim to lead the plaintiff charge, remaining informed and connected with an experienced law firm can be invaluable.