The Law Offices of Frank R. Cruz announces that investors with losses related to Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ:FTNT) have opportunity to lead the securities fraud class action lawsuit.
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IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FORTINET, INC. (FTNT), CLICK HERE BEFORE NOVEMBER 21, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
What Is The Lawsuit About?The complaint filed alleges that, between November 8, 2024 and August 6, 2025, Defendants failed to disclose to investors that: (1) the refresh cycle would never be as lucrative as they represented, nor could it, because it consisted of old products that were a “small percentage” of the Company's business; (2) Defendants did not have a clear picture of the true number of FortiGate firewalls that could be upgraded; (3) while telling investors that the refresh would gain momentum over the course of two years, Fortinet misrepresented and concealed that it had aggressively pushed through roughly half of the refresh in a period of months, by the end of 2Q 2025; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:If you wish tolearn moreabout this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.The Law Offices of Frank R. Cruz,Email us at: info@frankcruzlaw.comCall us at: 310-914-5007Visit our website at: www.frankcruzlaw.comFollow us for updates on Twitter: twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
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