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Trend Shift02STOCKS2026-05-14

Fortinet hits new 52-week high with 37 FY EPS upgrades and zero cuts after 31% surge in 7 days

  • Fortinet closed at $117.69 on May 13, up 31% in 7 trading days from $89.95, setting a new 52-week high above the prior peak of $116.46
  • Analysts issued 37 FY EPS upgrades vs zero cuts in 7 days, lifting the FY consensus to $3.16 from $2.98 (+6.0%); the breakout began May 7 on volume of 18.1M shares — nearly 3x the 20-day average of 6.1M
  • The combination of a clean 37-0 upgrade sweep, a new 52-week high, and a volume-confirmed breakout makes this one of the strongest technical and fundamental confluences in today's dataset

Supporting queries

To surface this insight, Baselight ran 6 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.

Conclusion

FTNT May 13 close $117.69 vs May 6 close $89.95 (+31%); 52w high prior $116.46; May 7 volume 18.1M vs 20d avg 6.1M (2.97x); eps_revisions: 37 up / 0 down; eps_trend: FY current $3.16 vs 7d ago $2.98 (+6.0%).

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