Fortinet Inc. stock underperforms Monday when compared to competitors

MarketWatch Automation

Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +3.44% slid 3.42% to $330.80 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.78% rising 0.05% to 35,619.25 and the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.29% falling 0.32% to 4,682.94. This was the stock's second consecutive day of losses. Fortinet Inc. closed $24.55 below its 52-week high ($355.35), which the company achieved on November 8th.

The stock underperformed when compared to some of its competitors Monday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.57% rose 2.54% to $54.60 and HP Inc. /zigman2/quotes/203461582/composite HPQ +0.77% rose 1.53% to $31.93. Trading volume (1.0 M) eclipsed its 50-day average volume of 899,964.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

/zigman2/quotes/205733290/composite

Add to watchlist FTNT

Fortinet Inc.

US : U.S.: Nasdaq

$ 53.78

+1.79 +3.44%

Volume: 9.79M

Feb. 7, 2023 4:00p

P/E Ratio

50.13

Dividend Yield

N/A

Market Cap

$40.62 billion

Rev. per Employee

N/A

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

34,156.69

+265.67 +0.78%

Volume: 0.00

Feb. 7, 2023 5:00p

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,164.00

+52.92 +1.29%

Volume: 0.00

Feb. 7, 2023 5:00p

/zigman2/quotes/209509471/composite

Add to watchlist CSCO

Cisco Systems Inc.

US : U.S.: Nasdaq

$ 47.84

+0.27 +0.57%

Volume: 16.68M

Feb. 7, 2023 4:00p

P/E Ratio

17.30

Dividend Yield

3.18%

Market Cap

$195.42 billion

Rev. per Employee

$627,719

/zigman2/quotes/203461582/composite

Add to watchlist HPQ

HP Inc.

US : U.S.: NYSE

$ 30.00

+0.23 +0.77%

Volume: 5.47M

Feb. 7, 2023 4:03p

P/E Ratio

9.96

Dividend Yield

3.50%

Market Cap

$29.24 billion

Rev. per Employee

$1.07M