{"id":892245,"date":"2025-10-03T09:02:19","date_gmt":"2025-10-03T13:02:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/"},"modified":"2025-10-03T09:02:19","modified_gmt":"2025-10-03T13:02:19","slug":"shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/","title":{"rendered":"Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 3, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=839657704&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/a>\u00a0reminds investors that a securities class action lawsuit has been filed against Fortinet, Inc. (NASDAQ : FTNT) (&#8220;Fortinet &#8221; or the &#8220;Company&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" title=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" alt=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p class=\"prntac\">\n        <b><br \/>\n          <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=3199617795&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=PLEASE+CLICK+HERE+TO+JOIN+THE+CASE+AND+SUBMIT+CONTACT+INFORMATION\" target=\"_blank\" rel=\"nofollow\">PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b>\u00a0Fortinet Securities Class Action Lawsuit Summary<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Court:<\/b><br \/>\n          <span class=\"xn-location\">United States<\/span> District Court for the Northern District of <span class=\"xn-location\">California<\/span>.<\/li>\n<li>\n          <b>Class Period:<\/b>\u00a0November 8, 2024 \u2013 <span class=\"xn-chron\">August 6, 2025<\/span>.<\/li>\n<li>\n          <b>Defendants:<\/b>\u00a0Fortinet, Inc. and certain senior executives.<\/li>\n<li>\n          <b>Claims:<\/b>\u00a0Violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.<\/li>\n<\/ul>\n<p>\n        <b>Allegations<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Fortinet, known for its FortiGate firewalls, experienced slowing product growth in 2023\u20132024.<\/li>\n<li>In late 2024, the company told investors it was entering a major firewall &#8220;refresh cycle,&#8221; calling it the largest ever and projecting <b>$400M\u2013$450M in product revenue<\/b> for 2025\u20132026.<\/li>\n<li>Executives claimed the refresh would build momentum in 2H 2025 and create strong cross-selling opportunities.<\/li>\n<li>The lawsuit <span>alleges<\/span> these statements were <b>false and misleading<\/b> because:<\/li>\n<ul type=\"circle\">\n<li>The refresh involved <b>old products<\/b> representing only a small part of Fortinet&#8217;s business.<\/li>\n<li>Fortinet lacked clarity on how many firewalls could actually be upgraded.<\/li>\n<li>The company had already <b>pushed through nearly half of the refresh by 2Q 2025<\/b>, undermining claims of future momentum.<\/li>\n<\/ul>\n<\/ul>\n<p>\n        <b>Disclosure &amp; Stock Drop<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>On <b><span class=\"xn-chron\">August 6, 2025<\/span> (2Q 2025 earnings call)<\/b>, Fortinet revealed:<\/li>\n<ul type=\"circle\">\n<li>It was already <b>40\u201350% through the 2026 upgrade cycle<\/b>.<\/li>\n<li>Customers had <b>excess firewall capacity<\/b> from prior purchases and did not need upgrades.<\/li>\n<li>The refresh was a <b>small percentage of the business<\/b>, tied to products 12\u201315 years old.<\/li>\n<\/ul>\n<li>Following this news, Fortinet&#8217;s stock fell <b>22%<\/b>, from <b><span class=\"xn-money\">$96.58<\/span> to <span class=\"xn-money\">$75.30<\/span><\/b> on <span class=\"xn-chron\">August 7, 2025<\/span>.<\/li>\n<\/ul>\n<p>\n        <b>Next Steps for Investors: <\/b>Shareholders who suffered losses can seek appointment as lead plaintiff prior to <b><span class=\"xn-chron\">November 21, 2025<\/span> by <\/b><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=2045176052&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=contacting+Wolf+Haldenstein.\" target=\"_blank\" rel=\"nofollow\"><b>contacting <span class=\"xn-person\">Wolf Haldenstein<\/span>.<\/b><\/a><\/p>\n<p>\n        <b>Why\u00a0<\/b><br \/>\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=2669678797&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP%3F\" target=\"_blank\" rel=\"nofollow\"><br \/>\n          <b><br \/>\n            <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP?<\/b><br \/>\n        <\/a><br \/>\n        <b>:<\/b>\n      <\/p>\n<p>This illustrious <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=76308714&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=firm\" target=\"_blank\" rel=\"nofollow\">firm<\/a>, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements.\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=3528611706&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=The+law+firm%C2%A0\" target=\"_blank\" rel=\"nofollow\">The law firm\u00a0<\/a>brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.<\/p>\n<p>We encourage all investors who have been affected or have information that will assist in our investigation, to contact\u00a0<a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=839657704&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/a>.<\/p>\n<p>\n        <b>Contact:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Phone:<\/b>\u00a0(800) 575-0735 or (212) 545-4774<\/li>\n<li>\n          <b>Email:\u00a0<\/b><br \/>\n          <a href=\"mailto:classmember@whafh.com\" target=\"_blank\" rel=\"nofollow\">classmember@whafh.com<\/a>\n        <\/li>\n<li>\n          <b>Contact Person:<\/b>\u00a0<a href=\"mailto:gstone@whafh.com\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Gregory Stone<\/span>, Director of Case and Financial Analysis<\/a><\/li>\n<\/ul>\n<p>\n        <b>Firm Website:<\/b><br \/>\n        <a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4525083-3&amp;h=2443174839&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Ffortinet-inc%2F&amp;a=%C2%A0Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP\" target=\"_blank\" rel=\"nofollow\">\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP<\/a>\n      <\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=NY89853&amp;sd=2025-10-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-302574453.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-302574453.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY89853&amp;Transmission_Id=202510030836PR_NEWS_USPR_____NY89853&amp;DateId=20251003\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Oct. 3, 2025 \/PRNewswire\/ &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0reminds investors that a securities class action lawsuit has been filed against Fortinet, Inc. (NASDAQ : FTNT) (&#8220;Fortinet &#8221; or the &#8220;Company&#8221;). PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION \u00a0Fortinet Securities Class Action Lawsuit Summary Court: United States District Court for the Northern District of California. Class Period:\u00a0November 8, 2024 \u2013 August 6, 2025. Defendants:\u00a0Fortinet, Inc. and certain senior executives. Claims:\u00a0Violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Allegations Fortinet, known for its FortiGate firewalls, experienced slowing product growth in 2023\u20132024. In late 2024, the company told investors it was entering a major firewall &#8220;refresh &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-892245","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Oct. 3, 2025 \/PRNewswire\/ &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0reminds investors that a securities class action lawsuit has been filed against Fortinet, Inc. (NASDAQ : FTNT) (&#8220;Fortinet &#8221; or the &#8220;Company&#8221;). PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION \u00a0Fortinet Securities Class Action Lawsuit Summary Court: United States District Court for the Northern District of California. Class Period:\u00a0November 8, 2024 \u2013 August 6, 2025. Defendants:\u00a0Fortinet, Inc. and certain senior executives. Claims:\u00a0Violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Allegations Fortinet, known for its FortiGate firewalls, experienced slowing product growth in 2023\u20132024. In late 2024, the company told investors it was entering a major firewall &#8220;refresh &hellip; Continue reading &quot;Shareholders who lost money in shares against Fortinet, Inc. 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(NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/","og_locale":"en_US","og_type":"article","og_title":"Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately - Market Newsdesk","og_description":"PR Newswire NEW YORK , Oct. 3, 2025 \/PRNewswire\/ &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0reminds investors that a securities class action lawsuit has been filed against Fortinet, Inc. (NASDAQ : FTNT) (&#8220;Fortinet &#8221; or the &#8220;Company&#8221;). PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION \u00a0Fortinet Securities Class Action Lawsuit Summary Court: United States District Court for the Northern District of California. Class Period:\u00a0November 8, 2024 \u2013 August 6, 2025. Defendants:\u00a0Fortinet, Inc. and certain senior executives. Claims:\u00a0Violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Allegations Fortinet, known for its FortiGate firewalls, experienced slowing product growth in 2023\u20132024. In late 2024, the company told investors it was entering a major firewall &#8220;refresh &hellip; Continue reading \"Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/","og_site_name":"Market Newsdesk","article_published_time":"2025-10-03T13:02:19+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholders-who-lost-money-in-shares-against-fortinet-inc-nasdaq-ftnt-should-contact-wolf-haldenstein-immediately-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Shareholders who lost money in shares against Fortinet, Inc. 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