Fortinet Inc. Stock Rises 9.0%, Outperforms Market

Dow Jones09-15 04:33

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

Shares of Fortinet Inc. rose 9.0% to $170.18 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.5% to 7,619.98 and Dow Jones Industrial Average falling 0.3% to 52,421.20.

Fortinet Inc. closed 2.1% below its 52-week high of $173.89, which the company reached on August 27th.

The stock demonstrated a mixed performance when compared to some of its peers, as Cisco Systems Inc. fell 1.8% to $110.06, CrowdStrike Holdings Inc. Cl A rose 13.9% to $235.38, and Palo Alto Networks Inc. rose 13.09% to $373.94.

Trading volume totaled 5.9 million, compared to the 50-day average of 4.8 million.

Data source: Dow Jones Market Data, FactSet

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