DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ shed 1.06% to $101.01 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.12% to 5,712.20 and Dow Jones Industrial Average falling 0.31% to 42,454.79.
The stock's fall snapped an eight-day winning streak.
Fortinet Inc. closed 12.03% below its 52-week high of $114.82, which the company reached on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ rose 1.33% to $61.80, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 3.52% to $371.41, and Palo Alto Networks Inc. (PANW) fell 2.63% to $184.96.
Trading volume (3.0 M) remained 1.8 million below its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 26, 2025.
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(END) Dow Jones Newswires
March 26, 2025 16:41 ET (20:41 GMT)
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