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Fortinet Inc. stock rises Thursday, still underperforms market

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Terrence Horan

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Shares of Fortinet Inc. FTNT, +2.60% rallied 1.20% to $313.81 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, -0.01% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, -0.16% rising 1.56% to 34,912.56. This was the stock's second consecutive day of gains. Fortinet Inc. closed $8.19 short of its 52-week high ($322.00), which the company achieved on September 7th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Cisco Systems Inc. CSCO, +0.19% rose 1.89% to $55.65, HP Inc. HPQ, +1.31% rose 3.81% to $27.49, and Palo Alto Networks Inc. PANW, +0.62% fell 0.30% to $502.98. Trading volume (884,753) remained 7,800 below its 50-day average volume of 892,553.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.