Fortinet (FTNT) faces a class action lawsuit over allegations pertaining to its FortiGate products refresh cycle. This has resulted in investors' losses and a drop in the company's shares price. Despite the lawsuit, several investment firms continue to have a significant stock position in FTNT, including Allworth Financial LP, National Pension Service, Tobam, among others. FTNT's Q3 earnings and revenue estimates surpassed expectations, along with achieving a 308% ROI with its new Secure LAN Edge Solution. The company's Q4 revenue guidance came up short of estimates, leading to a downgrade in FTNT's rating by Daiwa America from 'Buy' to 'Hold'. FTNT's partnership with Armis has been highlighted as potentially strengthening cyber defenses. As a result of the impending lawsuit and an unclear outlook, investors seem cautiously optimistic. Despite some negative pressures, FTNT also shows proportionally notable growth and its shares continue to increase.
Fortinet FTNT News Analytics from Sat, 20 Sep 2025 07:00:00 GMT to Sat, 15 Nov 2025 20:03:11 GMT - Rating 0 - Innovation 0 - Information 3 - Rumor -3
