Fortinet Inc. Stock Climbs 5.0%, Outperforms Peers

Dow Jones08-01

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Fortinet Inc. rose 5.0% to $161.95 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,489.72 and the Dow Jones Industrial Average rising 0.5% to 52,485.03.

This was the stock's third consecutive day of gains.

Fortinet Inc. closed 4.9% short of its 52-week high of $170.35, which the company reached on July 15th.

The stock outperformed some of its peers, as Cisco Systems Inc. rose 2.1% to $115.99, CrowdStrike Holdings Inc. Cl A rose 3.0% to $190.86, and Palo Alto Networks Inc. rose 1.89% to $331.83.

Trading volume totaled 6.0 million, compared to the 50-day average of 6.2 million.

Data source: Dow Jones Market Data, FactSet

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