Fortinet, Inc. Securities Fraud Investigation

Shamis & Gentile, P.A. reminds investors of the November 21, 2025 deadline to file a lead plaintiff motion in the securities class action filed on behalf of investors who purchased or otherwise acquired Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) securities between November 8, 2024 and August 6, 2025 (the “Class Period”).

Investors who purchased Fortinet securities during the class period may be eligible to serve as lead plaintiff. The deadline to apply for lead plaintiff is November 21, 2025. Contact Shamis & Gentile now to learn more about your rights and potential recovery.

The class action complaint alleges that throughout the Class Period Fortinet and certain of its senior executives made materially false and misleading statements and/or failed to disclose adverse facts about the Company’s demand environment, sales pipeline, and the expected impact of the 2026 firewall “refresh cycle.” Defendants represented that the refresh would be “by far the largest” ever and would meaningfully boost product revenue in 2025–2026, while allegedly concealing that much of the refresh had already been accelerated into the first half of 2025, that many eligible devices were very old and limited in number, and that enterprise demand was weakening amid lengthening sales cycles and rising competition.

On August 6, 2025, Fortinet announced disappointing second-quarter 2025 results that revealed it was already approximately 40 to 50 percent of the way through the 2026 refresh cycle, and cut full-year revenue and margin guidance. On this news, Fortinet’s stock fell over 22%, from $96.58 per share on August 6 to $75.30 per share on August 7, 2025, erasing billions in market value and causing substantial losses to investors.

If you purchased or otherwise acquired Fortinet (NASDAQ: FTNT) securities between November 8, 2024 and August 6, 2025, you may move the Court no later than November 21, 2025 to request appointment as lead plaintiff in this action. Lead plaintiffs act on behalf of all class members in directing the litigation. There is no cost or obligation to participate.

Shamis & Gentile, P.A. stands out as an advocate for investors who are victims of securities fraud. The firm is committed to securing recoveries for investors who have incurred damages due to false and misleading statements or other corporate misconduct by public companies. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise and resources enable the firm to resolve disputes in a wide range of matters, including class actions, mass torts and mass arbitrations.

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