FTNT · PEAD ↑ 81

Fortinet reported Q2 2026 EPS of $0.81 on 2026-07-29 (after market close), beating the $0.66 consensus by $0.15 (+22.7%).

Print-day reaction was +2.2% versus the prior close, a measured initial lift given the scale of the EPS beat. The overnight gap to the T+1 open was a striking +7.0%, signalling that the after-hours market re-rated the stock meaningfully once the full report was digested. Day 1-through-3 drift added another +5.8%, a continuation rather than a reversal, as the stock pressed from the T+1 open all the way to $163.21 by 2026-08-03. Cumulative abnormal return of +6.6% versus SPY.US decisively clears the PEAD long threshold; the documented drift pattern holds through 2026-10-26.