Shares of Fortinet Inc. (NAS:FTNT) 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 (S&P:SPX) rising 0.18% to 4,613.67 and the Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:CSCO) rose 0.23% to $56.10 and HP Inc. (NYS:HPQ) rose 3.03% to $31.25. Trading volume (1.2 M) eclipsed its 50-day average volume of 880,993.