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News  ›  GlobeNewswire Inc.

FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

A class action lawsuit has been filed against Fortinet, alleging the company made false and misleading statements about its FortiGate unit upgrades and projected business revenue between November 2024 and August 2025.

Insights
MLCO   positive

Positioned to benefit from China's economic reopening, low P/S ratio, potential 20-30% revenue growth as tourism normalizes


FTNT   negative

The lawsuit alleges the company made materially false statements about its business performance, product upgrades, and revenue projections, suggesting potential securities fraud and misrepresentation of company prospects