This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Fortinet Inc. slipped 8.4% to $97.74 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 5,663.94 and the Dow Jones Industrial Average rising 0.6% to 41,368.45.
This was the stock's third consecutive day of losses.
Fortinet Inc. closed 14.9% short of 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. rose 0.2% to $59.71, CrowdStrike Holdings Inc. Cl A rose 1.4% to $428.63, and Palo Alto Networks Inc. rose 0.21% to $188.53.
Trading volume totaled 15.6 million, compared to the 50-day average of 5.0 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
May 08, 2025 16:33 ET (20:33 GMT)
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