FTNT · PEAD ↑ 100

Fortinet reported Q1 2026 EPS of $0.82 on 2026-05-06 (after market close), beating the $0.62 consensus by $0.20 (+32.3%).

Print-day reaction on 2026-05-06 was essentially flat at +0.03% versus the prior close of $89.92, as the after-market-close report left the regular session price almost unchanged. The overnight gap into the next open was a forceful +17.0%, signalling the market's post-close reassessment of the beat and no fading of enthusiasm. Over the subsequent two trading sessions (T+1 through T+3), the stock drifted an additional +6.9%, compounding rather than giving back the gap-open surge. Cumulative abnormal return of +26.2% versus SPY.US puts FTNT deep into PEAD long territory, with the drift fully confirming and extending the initial reaction; the holding window runs through 2026-08-03.