DJ Fortinet Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Fortinet Inc. $(FTNT)$ rose 1.51% to $111.64 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.01% to 6,114.63 and Dow Jones Industrial Average falling 0.37% to 44,546.08.
This was the stock's second consecutive day of gains.
Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $110.99, which the company achieved on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Cisco Systems Inc. $(CSCO)$ rose 1.61% to $64.87, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 0.45% to $451.74, and Palo Alto Networks Inc. (PANW) fell 0.92% to $200.03.
Trading volume (5.0 M) eclipsed its 50-day average volume of 4.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled February 14, 2025.
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(END) Dow Jones Newswires
February 14, 2025 16:41 ET (21:41 GMT)
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