Fortinet Stock Plunges 22% After Disappointing Q2 Results, Class Action Lawsuit Filed
Fortinet, Inc.'s stock crashed on August 7, 2025, following the company's disappointing second quarter financial results. The stock price fell by $21.28 per share, or 22.03%, closing at $75.30. The Portnoy Law Firm has since initiated a class action lawsuit on behalf of affected investors in the stock market.
The lawsuit, filed by Lesley F. Portnoy, covers investors who bought Fortinet securities between November 8, 2024 and August 6, 2025. Portnoy, a founding partner of The Portnoy Law Firm, has a proven track record in representing aggrieved investors, recovering tens of millions of dollars in previous cases. Investors have until November 21, 2025 to file a lead plaintiff motion in this ongoing legal action.
Fortinet's stock price drop and subsequent class action lawsuit underscore the potential risks and volatility in the stock market. Investors are advised to stay informed about company performance and legal developments that may impact their investments.
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