Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +2.12% rallied 2.93% to $351.19 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.86% rising 0.09% to 4,701.70 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.71% rising 0.29% to 36,432.22. This was the stock's fifth consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $349.23, which the company reached on November 5th.
The stock outperformed some of its competitors Monday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -0.40% fell 0.12% to $57.00 and HP Inc. /zigman2/quotes/203461582/composite HPQ -0.05% fell 1.10% to $31.60. Trading volume (1.3 M) eclipsed its 50-day average volume of 901,949.