DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ shed 1.73% to $103.23 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.10% to 5,892.58 and the Dow Jones Industrial Average falling 0.21% to 42,051.06.
The stock's fall snapped a two-day winning streak.
Fortinet Inc. closed 10.09% below its 52-week high of $114.82, which the company achieved on February 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ fell 0.79% to $61.29, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 0.97% to $435.94, and Palo Alto Networks Inc. (PANW) fell 0.57% to $190.90.
Trading volume (4.5 M) remained 858,765 below its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 14, 2025.
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May 14, 2025 16:41 ET (20:41 GMT)
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