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A law firm is looking into Fortinet, Inc. for possible misleading statements about its earnings.

RulesRead the original at barchart.com
Bad for FTNT

Fortinet faces an investigation over possible securities-law violations after its services forecast cut led to a share-price decline. The claims are unproven, but the added legal scrutiny deepens concern.

FTNT · Fortinet, Inc.

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The concern is that investors may have received false or incomplete statements. The firm has not proved wrongdoing. Still, this follows a cut to Fortinet's services forecast, which the story says led to a share-price decline. Together, these facts point to added legal and business risk.

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