RADNOR, Pa., Oct. 28, 2025 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP<\/a> (www.ktmc.com<\/a>) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. (\u201cFortinet\u201d) (NASDAQ: FTNT<\/a>) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the \u201cClass Period\u201d). The lead plaintiff deadline is November 21, 2025.<\/strong><\/p>\n CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: <\/u><\/strong> You can also contact attorney <\/strong>Jonathan Naji, Esq.<\/strong><\/a> by calling (484) 270-1453 or by email at <\/strong>info@ktmc.com<\/strong><\/a>. <\/strong><\/p>\n DEFENDANTS\u2019 ALLEGED MISCONDUCT:<\/u><\/strong> Please <\/strong>CLICK HERE<\/strong><\/a> to view our video or copy and paste this link into your browser: <\/strong>https:\/\/youtu.be\/2-aYECTS09c<\/a><\/p>\n THE LEAD PLAINTIFF PROCESS:<\/u><\/strong> Kessler Topaz Meltzer & Check, LLP<\/a> encourages Fortinet investors who have suffered significant losses to contact the firm directly to acquire more information.<\/p>\n CLICK HERE<\/strong><\/a> TO SIGN UP FOR THE CASE<\/strong> OR GO TO<\/strong>: <\/strong>https:\/\/www.ktmc.com\/new-cases\/fortinet-inc?utm_source=Globe&mktm=PR<\/a><\/p>\n ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:<\/u><\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n Kessler Topaz Meltzer & Check, LLP<\/a> prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP<\/a> please visit www.ktmc.com<\/a>.<\/p>\n
If you suffered Fortinet losses, <\/strong>you may<\/strong> CLICK HERE<\/strong><\/a> or copy and paste the following link into your browser: <\/strong>https:\/\/www.ktmc.com\/new-cases\/fortinet-inc?utm_source=Globe&mktm=PR<\/a><\/p>\n
The complaint alleges that, throughout the Class Period, Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Fortinet knew that the company\u2019s refresh cycle would never be as lucrative as they represented because it consisted of old products that were a \u201csmall percentage\u201d of Fortinet\u2019s business; (2) Fortinet misrepresented and concealed that the company 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 the company had aggressively pushed through roughly half of the refresh in a period of just a few months, by the end of second quarter 2025; and (4) as a result of the foregoing, Defendants\u2019 statements about the company\u2019s business, operations, and prospects were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n
Fortinet investors may, no later than November 21, 2025,<\/u><\/em><\/strong> seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP<\/a> or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.\u00a0 The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p>\n
![\"\"](\"https:\/\/ml.globenewswire.com\/media\/ZTgwMTNjNzMtYWJkMi00ZmZiLWFiZTQtYmVlMGJhY2FjZmViLTEwMzA4ODUtMjAyNS0xMC0yOC1lbg==\/tiny\/Kessler-Topaz-Meltzer-Check-LL.png\")
\n <\/div>\n","protected":false},"excerpt":{"rendered":"