Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -1.76% rallied 1.20% to $313.81 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -2.27% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% rising 1.56% to 34,912.56. This was the stock's second consecutive day of gains. Fortinet Inc. closed $8.19 short of its 52-week high ($322.00), which the company achieved 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 -1.57% rose 1.89% to $55.65, HP Inc. /zigman2/quotes/203461582/composite HPQ -2.43% rose 3.81% to $27.49, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -3.00% fell 0.30% to $502.98. Trading volume (884,753) remained 7,800 below its 50-day average volume of 892,553.