Why FTNT fell 25.9% on Oct 29 2026: earnings beat
FTNT-25.9%on Thu Oct 29 2026
Fortinet, Inc. was down 25.9% on the day at $129.01, ranked #9 on 8.5× its usual five-minute volume, when TapeRank recorded this drop at 04:02 ET during the pre-market session.
THE DAY ON THE LIST · 1 EVENT
- 04:02 ETMOVER · PRE-MARKET
$129.01 · ▼ 25.9% ON THE DAY · 8.5× 5M RVOL · RANK #9
STRETCHEDCONFIDENCE4/5Fortinet is down 25.9% despite beating Q3 EPS and revenue estimates and raising full-year EPS and sales guidance. The reported results are positive, so the sharp selloff is far larger than the disclosed news supports and is likely being driven by order flow or expectations not captured in the supplied material.
WHYDown 25.9% on a 5.8% EPS beat, a revenue beat, and raised guidance is a move far larger than the reported catalyst warrants.ANALYZED 04:02 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 04:02 ET
LAST129.01DAY▼ 25.9%5 MIN▼ 1.07%5M RVOL8.5×5M $VOL$1.5MFLOAT*733.7MRANK#9SESSIONPRE-MARKETVWAP130.00HOD130.40LOD129.00OR HIGH—OR LOW—PREV CLOSE174.08PM HIGH130.40PM LOW129.00GAP▼ 25.89% (indicated)* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
— MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO
THE SESSION
- 09:30 ETOpened at $127.95, -26.5% on the previous close of $174.08
- 09:30 ETRegular-session low, $127.40
- 10:05 ETRegular-session high, $139.44
- 15:59 ETLast trade of the regular session, $139.08, -20.1% on the previous close of $174.08
- Volume: 14.9M shares in regular hours, 983K before the open
FTNT opened sharply lower at $127.95 after closing at $174.08, briefly touching $127.40 at 09:30 ET. TapeRank’s read tied the move to Fortinet’s earnings, which beat Q3 EPS and revenue estimates and raised full-year EPS and sales guidance, but described the 25.9% decline as stretched because the positive reported results did not explain the size of the selloff. The stock then reversed higher, reaching $139.44 at 10:05 ET and finishing the regular session at $139.08, still 20.1% below the previous close, with no halts.
WRITTEN THU OCT 29 2026 16:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
- WED 17:46 ETFortinet Q3 2026 Earnings Call TranscriptBenzinga
- WED 16:09 ET8-K — Results of Operations and Financial Condition; Financial Statements and ExhibitsSEC 8-K
- WED 16:07 ETFortinet Raises FY2026 Adj EPS Guidance from $3.41-$3.47 to $3.54-$3.58 vs $3.44 Est; Raises FY2026 Sales Guidance from $8.020B-$8.180B to $8.125B-$8.215B vs $8.120B EstBenzinga
- WED 16:06 ETFortinet Sees Q4 Adj EPS $0.93-$0.95 vs $0.87 Est; Sees Sales $2.155B-$2.245B vs $2.161B EstBenzinga
- WED 16:05 ETFortinet Q3 Adj. EPS $0.91 Beats $0.86 Estimate, Sales $2.078B Beat $2.063B EstimateBenzinga
On the tape right now
WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY
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