Shareholders Foundation, Inc.

Fortinet, Inc. (NASDAQ:FTNT) Stockholder Alert: Investigation Concerning Potential Securities Laws Violations

An investigation for investors in Fortinet, Inc. (NASDAQ:FTNT) shares over potential securities laws violations by Fortinet, Inc. was announced and NASDAQ:FTNT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
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San Diego, CA -- (SBWIRE) -- 10/23/2012 -- An investigation on behalf of investors of Fortinet, Inc. (NASDAQ:FTNT) shares over potential securities laws violations by Fortinet, Inc. and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Fortinet, Inc. (NASDAQ:FTNT), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Fortinet, Inc. (NASDAQ:FTNT) concerning whether a series of statements by Fortinet, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Fortinet, Inc. (NASDAQ:FTNT) reported that its annual Revenue increased from $211.79 million in 2008 to $433.58 million in 2011 and its Net Income for the respective time periods rose from $7.36 million to $62.49 million.

Shares of Fortinet, Inc. (NASDAQ:FTNT) grew from $16.25 per share to as high as $28.44 per share in April 2012.

Then on Ocotber 16, 2012, after the market closed, Fortinet, Inc. (NASDAQ:FTNT) reported its third quarter financial results.

Shares of Fortinet, Inc. (NASDAQ:FTNT) fell from $24.79 on October 16, 2012, to as low as $19.25 on October 19, 2012.

On October 22, 2012, NASDAQ:FTNT shares closed at $19.45 per share.

Those who purchased shares of Fortinet, Inc. (NASDAQ:FTNT) and currently hold those Fortinet, Inc. shares, may have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com