DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Fortinet Inc. (FTNT) slid 1.42% to $103.44 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.32% to 6,263.70 and the Dow Jones Industrial Average rising 0.53% to 44,254.78.
The stock's fall snapped a two-day winning streak.
Fortinet Inc. closed 9.91% short of its 52-week high of $114.82, which the company reached on February 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ rose 0.28% to $67.37, CrowdStrike Holdings Inc. Cl A (CRWD) fell 0.60% to $470.45, and Palo Alto Networks Inc. (PANW) rose 0.18% to $192.59.
Trading volume (3.5 M) remained 1.4 million below its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 16, 2025.
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July 16, 2025 16:42 ET (20:42 GMT)
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