Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +3.44% slipped 3.64% to $324.11 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 +1.29% rising 0.18% to 4,613.67 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.78% rising 0.26% to 35,913.84. The stock's fall snapped a two-day winning streak. Fortinet Inc. closed $21.14 short of its 52-week high ($345.25), which the company reached on October 25th.
The stock underperformed when compared to some of its competitors Monday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.57% rose 0.23% to $56.10 and HP Inc. /zigman2/quotes/203461582/composite HPQ +0.77% rose 3.03% to $31.25. Trading volume (1.2 M) eclipsed its 50-day average volume of 880,993.