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News  ›  GlobeNewswire Inc.

Fortinet, Inc. INVESTOR ALERT: Kirby McInerney LLP Reminds Fortinet, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Kirby Mcinerney Llp
Fortinet, Inc. INVESTOR ALERT: Kirby McInerney LLP Reminds Fortinet, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

Fortinet faces a class action lawsuit alleging it made false statements about its firewall upgrade cycle, misrepresenting revenue potential and upgrade momentum between November 2024 and August 2025.

Insights
THLLY   positive

Recognized as a key player in the expanding post-quantum cryptography sector


FTNT   negative

Stock price dropped 22% after revealing weaker revenue guidance and allegedly misleading investors about upgrade cycle potential. Lawsuit claims company misrepresented business impact and sustainability of product refresh.