1. The Schall Law Firm investigates Fortinet for potential securities law violations. 2. Investors face confusion over Fortinet's Q2 results and revenue growth prospects. 3. Fortinet's shares fell 25.3% after the statement about its firewall refresh success.
The significant drop in share price indicates investor panic and loss of confidence, reminiscent of past incidents where poor communication led to major declines in tech stock prices.
The investigation directly affects Fortinet's credibility and stock performance due to serious allegations, making it a critical issue for investors.
The ongoing investigation and negative market reaction may persist in the short term, similar to past cases where companies faced similar issues.
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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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250807409915/en/
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com