FT
FTNT
-5.1%🟢 Fundamentally supportedFortinet, Inc. · Technology
$172.71Vol 1.05M · 1.0× normalMkt cap −$6.75Blive · 2026-10-16 ET
What happened
Move
-5.1%
Price
$172.71
Volume
1.05M
1.0× normal
Market cap
$126.72B
−$6.75B today
Why it moved
Earnings releasemedium confidence
- Fortinet Shares Jump with Earnings on Horizon — finnhub-news
- Fortinet (FTNT) Expands Global Cybersecurity Framework For Hybrid And Multi Cloud Security — finnhub-news
Possible catalyst: earnings release, 3.7pp below its sector.
Verdict — was the move justified?
🟢 Fundamentally supported
Earnings release — direction and rough magnitude are consistent with the identified fundamental catalyst.
How unusual is this move
σ score
2.8σ
vs own 20d volatility
Percentile
95th
of 1279 daily moves
Avg daily move
±1.9%
own 5y average
vs sector
-3.7%
beyond sector median
Today’s move is among the largest 5% of FTNT’s daily moves over the last 5 years — while the sector moved -1.4% and the market +0.4%.
What happened after similar moves
73 similar down moves in FTNT’s 5-year history:
After 5 days
+1.6%
60% higher
After 20 days
+4.0%
64% higher
Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.
Fundamental context
V 15G 95P 75H 87Q 84EW 52/65
Insider activity (90d): net selling $8.6K
Valuation context
P/E (TTM)
62.9
5y median 48.9
P/E percentile
78%
vs own 5y history
FCF yield
0.0%
Trading richer than 78% of its own historical valuation range.
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