Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud

Reuters11-21

Fortinet Faces Class Action Lawsuit Over Alleged Securities Fraud

A class action lawsuit has been filed against Fortinet Inc., alleging securities fraud that affected investors between November 8, 2024 and August 6, 2025. The complaint claims that Fortinet made false statements and concealed key information regarding its product refresh cycle, specifically misrepresenting the profitability and scale of the refresh involving older products. It is alleged that the company did not accurately disclose the true number of FortiGate firewalls eligible for upgrades and pushed through a significant portion of the refresh within a few months, contrary to statements that the process would gain momentum over two years. The legal action seeks to recover losses for shareholders who were impacted by these alleged misrepresentations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortinet Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1105633) on November 21, 2025, and is solely responsible for the information contained therein.

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