Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +2.80% advanced 1.57% to $342.17 Friday, 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 +0.98% rising 0.72% to 4,682.85 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.78% rising 0.50% to 36,100.31. This was the stock's second consecutive day of gains. Fortinet Inc. closed $13.18 below its 52-week high ($355.35), which the company reached on November 8th.
The stock outperformed some of its competitors Friday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.18% rose 0.11% to $56.82 and HP Inc. /zigman2/quotes/203461582/composite HPQ -0.30% rose 0.41% to $31.82. Trading volume (575,897) remained 322,062 below its 50-day average volume of 897,959.