Class Action Cases

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Fortinet, Inc.

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According to the Complaint, the Company made false and misleading statements to the market. Fortinet misled investors about what it claimed was a “record” round of FortiGate firewall upgrades. The Company claimed this upgrade round was “by far the largest we’ve seen probably ever,” and that it would continue in the second half of 2025 into 2026. Despite these claims, the Company knew the upgrade round was comprised of old products and a “small percentage” of its business. In fact, the Company pushed through about half of the upgrade round in just a few months. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Fortinet, investors suffered damages.

Press Release

FTNT Investors Have Opportunity to Lead Fortinet, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Los Angeles, September 23, 2025 — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Fortinet, Inc. (“Fortinet” or “the Company”) (NASDAQ: FTNT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 8, 2024 and August 6, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before November 21, 2025.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Fortinet misled investors about what it claimed was a “record” round of FortiGate firewall upgrades. The Company claimed this upgrade round was “by far the largest we’ve seen probably ever,” and that it would continue in the second half of 2025 into 2026. Despite these claims, the Company knew the upgrade round was comprised of old products and a “small percentage” of its business. In fact, the Company pushed through about half of the upgrade round in just a few months. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Fortinet, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

 

SOURCE:

The Schall Law Firm

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