DJ Fortinet Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Fortinet Inc. $(FTNT)$ slipped 4.76% to $101.72 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.78% to 5,738.52 and Dow Jones Industrial Average falling 0.99% to 42,579.08.
Fortinet Inc. closed 11.41% below its 52-week high of $114.82, which the company reached on February 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Cisco Systems Inc. $(CSCO)$ fell 0.86% to $63.41, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 4.85% to $347.73, and Palo Alto Networks Inc. (PANW) fell 2.69% to $179.33.
Trading volume (4.4 M) remained 176,463 below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2025.
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(END) Dow Jones Newswires
March 06, 2025 16:41 ET (21:41 GMT)
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