This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Fortinet Inc. slid 4.6% to $93.42 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.4% to 5,521.52 and Dow Jones Industrial Average falling 1.3% to 40,813.57.
This was the stock's second consecutive day of losses.
Fortinet Inc. closed 18.6% 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, as Cisco Systems Inc. fell 1.3% to $59.67, CrowdStrike Holdings Inc. Cl A fell 4.1% to $332.53, and Palo Alto Networks Inc. fell 1.76% to $176.32.
Trading volume totaled 4.2 million, compared to the 50-day average of 4.6 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 13, 2025 16:35 ET (20:35 GMT)
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