Key facts: Fortinet 2026 upgrade cycle 40-50% complete; class action filed
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Fortinet reported being 40% to 50% through its 2026 upgrade cycle for FortiGate firewalls. The stock dropped $21.28, or 22.03%, closing at $75.30 on August 7, 2025.1On November 15, 2025, a class action lawsuit was filed against Fortinet, Inc. for alleged securities fraud. Shareholders can request Lead Plaintiff status until November 21, 2025.2
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