Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -1.76% advanced 1.10% to $301.80 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -2.27% rising 0.41% to 4,363.55 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -2.53% rising 0.30% to 34,416.99. This was the stock's second consecutive day of gains. Fortinet Inc. closed $20.20 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 Wednesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -1.57% fell 1.37% to $53.94, HP Inc. /zigman2/quotes/203461582/composite HPQ -2.43% fell 1.94% to $27.75, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -3.00% rose 2.22% to $486.13. Trading volume (832,890) remained 151,203 below its 50-day average volume of 984,093.