Fortinet Inc. Stock Underperforms Thursday When Compared To Competitors

Dow Jones
04-04

DJ Fortinet Inc. Stock Underperforms Thursday When Compared To Competitors

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Fortinet Inc. $(FTNT)$ shed 8.81% to $89.44 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 4.84% to 5,396.52 and Dow Jones Industrial Average falling 3.98% to 40,545.93.

The stock's fall snapped a two-day winning streak.

Fortinet Inc. closed 22.10% below its 52-week high of $114.82, which the company reached on February 18th.

The stock underperformed when compared to some of its competitors Thursday, as Cisco Systems Inc. $(CSCO)$ fell 6.68% to $57.31, CrowdStrike Holdings Inc. Cl A $(CRWD)$ fell 6.49% to $347.39, and Palo Alto Networks Inc. (PANW) fell 4.63% to $165.17.

Trading volume (8.7 M) eclipsed its 50-day average volume of 4.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled April 3, 2025.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

April 03, 2025 16:41 ET (20:41 GMT)

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