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Dec. 1, 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 -1.38% shed 8.08% to $305.26 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.44% falling 1.18% to 4,513.04 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.49% falling 1.34% to 34,022.04. This was the stock's second consecutive day of losses. Fortinet Inc. closed $50.09 short of its 52-week high ($355.35), which the company reached on November 8th.

The stock underperformed when compared to some of its competitors Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -2.90% rose 0.35% to $55.03 and HP Inc. /zigman2/quotes/203461582/composite HPQ -1.15% rose 3.34% to $36.46. Trading volume (2.3 M) eclipsed its 50-day average volume of 876,441.

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
$ 308.22
-4.32 -1.38%
Volume: 43,853
Jan. 18, 2022 9:38a
P/E Ratio
93.97
Dividend Yield
N/A
Market Cap
$51.10 billion
Rev. per Employee
$379,534
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/zigman2/quotes/210599714/realtime
US : S&P US
4,595.67
-67.18 -1.44%
Volume: 188.65M
Jan. 18, 2022 9:38a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,377.97
-533.84 -1.49%
Volume: 31.75M
Jan. 18, 2022 9:38a
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/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 59.58
-1.78 -2.90%
Volume: 954,740
Jan. 18, 2022 9:38a
P/E Ratio
22.82
Dividend Yield
2.41%
Market Cap
$258.79 billion
Rev. per Employee
$638,855
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/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 37.98
-0.44 -1.15%
Volume: 74,947
Jan. 18, 2022 9:38a
P/E Ratio
7.06
Dividend Yield
2.60%
Market Cap
$41.60 billion
Rev. per Employee
$1.25M
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