• Law Firm: Pomerantz LLP
• Target: Fortinet, Inc. (FTNT) and certain officers/directors
• Allegation: Securities fraud or other unlawful business practices
• Class Period: Investors who purchased Fortinet securities during the relevant period
• Deadline to Seek Lead Plaintiff Status: November 21, 2025
• Contact: Danielle Peyton
  • Email: [email protected]
  • Phone: 646-581-9980 or 888-4-POMLAW, Ext. 7980
• Complaint Access: www.pomerantzlaw.com

Background:

• On August 6, 2025, Fortinet revealed during its quarterly earnings call that:
  • The FortiGate firewall upgrade cycle was only 40–50% complete.
  • Predicting total upgrades was difficult.
  • Customers had excess firewall capacity from previous purchases.
  • The upgrade cycle impacted only a small percentage of total business.
• Following this news, Fortinet’s stock fell $21.28 per share (22.03%) to $75.30 on August 7, 2025.

About Pomerantz LLP:

• Offices in New York, Chicago, Los Angeles, London, Paris, Tel Aviv
• Specializes in corporate, securities, and antitrust class litigation
• Founded by Abraham L. Pomerantz, a pioneer in securities class actions