DJ Fortinet Inc. Stock Underperforms Monday When Compared To Competitors

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Shares of Fortinet Inc. $(FTNT)$ slumped 0.77% to $93.83 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,836.22 and the Dow Jones Industrial Average rising 0.86% to 42,297.12.

This was the stock's second consecutive day of losses.

Fortinet Inc. closed $7.17 short of its 52-week high ($101.00), which the company achieved on January 6th.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Cisco Systems Inc. $(CSCO)$ rose 0.03% to $58.76, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 2.12% to $341.46, and Palo Alto Networks Inc. (PANW) fell 3.23% to $167.82.

Trading volume (4.1 M) remained 644,457 below its 50-day average volume of 4.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled January 13, 2025.

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January 13, 2025 16:45 ET (21:45 GMT)

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