DJ Fortinet Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ shed 1.22% to $101.62 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.01% to 5,970.81 and the Dow Jones Industrial Average falling 0.22% to 42,427.74.
The stock's fall snapped a two-day winning streak.
Fortinet Inc. closed 11.50% short of its 52-week high of $114.82, which the company achieved on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Cisco Systems Inc. $(CSCO)$ rose 0.05% to $64.39, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 5.77% to $460.56, and Palo Alto Networks Inc. (PANW) fell 1.55% to $194.07.
Trading volume (3.4 M) remained 2.1 million below its 50-day average volume of 5.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 4, 2025.
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(END) Dow Jones Newswires
June 04, 2025 16:44 ET (20:44 GMT)
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