Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +8.63% rose 1.11% to $292.04 Thursday, 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 +2.07% falling 1.19% to 4,307.54 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.40% falling 1.59% to 33,843.92. This was the stock's second consecutive day of gains. Fortinet Inc. closed $29.96 short of its 52-week high ($322.00), which the company reached on September 7th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +1.97% fell 1.89% to $54.43, HP Inc. /zigman2/quotes/203461582/composite HPQ +1.66% rose 0.18% to $27.36, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +4.43% rose 1.25% to $479.00. Trading volume (864,945) remained 103,430 below its 50-day average volume of 968,375.