DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ slipped 2.00% to $100.82 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.03% to 5,980.87 and Dow Jones Industrial Average falling 0.10% to 42,171.66.
The stock's fall snapped a two-day winning streak.
Fortinet Inc. closed 12.19% 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. $(CSCO)$ rose 0.78% to $65.84, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 1.40% to $485.16, and Palo Alto Networks Inc. (PANW) fell 1.12% to $199.78.
Trading volume (4.3 M) remained 786,950 below its 50-day average volume of 5.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 18, 2025.
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June 18, 2025 16:42 ET (20:42 GMT)
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