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Nov. 10, 2021, 4:54 p.m. EST

Fortinet Inc. stock falls Wednesday, underperforms market

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Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -5.36% shed 4.56% to $333.16 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.89% falling 0.82% to 4,646.71 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% falling 0.66% to 36,079.94. This was the stock's second consecutive day of losses. Fortinet Inc. closed $22.19 short of its 52-week high ($355.35), which the company achieved on November 8th.

The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -2.41% rose 0.57% to $57.77 and HP Inc. /zigman2/quotes/203461582/composite HPQ -3.46% fell 0.79% to $31.52. Trading volume (1.2 M) eclipsed its 50-day average volume of 911,345.

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.

/zigman2/quotes/205733290/composite
US : U.S.: Nasdaq
$ 288.65
-16.34 -5.36%
Volume: 1.95M
Jan. 21, 2022 4:00p
P/E Ratio
86.78
Dividend Yield
N/A
Market Cap
$49.87 billion
Rev. per Employee
$379,534
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/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,265.37
-450.02 -1.30%
Volume: 523.88M
Jan. 21, 2022 4:52p
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/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 56.68
-1.40 -2.41%
Volume: 25.91M
Jan. 21, 2022 4:00p
P/E Ratio
21.08
Dividend Yield
2.61%
Market Cap
$244.96 billion
Rev. per Employee
$638,855
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/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 34.86
-1.25 -3.46%
Volume: 10.25M
Jan. 21, 2022 4:03p
P/E Ratio
6.40
Dividend Yield
2.87%
Market Cap
$39.10 billion
Rev. per Employee
$1.25M
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