PR Newswire
LOS ANGELES, Aug. 12, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Fortinet, Inc. ("Fortinet" or "the Company") (NASDAQ: FTNT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Fortinet reported its Q2 financial results on August 6, 2025. Investor's Business Daily quotes William Blair analyst Jonathan Ho as stating, "Investors were left confused by the company's formal statement that 40% to 50% of its accelerated firewall refresh (estimated to be a $450 million, 650,000 unit opportunity) was now completed. This is driving confusion about why Fortinet is not seeing stronger product revenue growth and billings materialize." Based on this news, shares of Fortinet opened down 25.3% on August 7, 2025.
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