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Aug. 24, 2021, 4:55 p.m. EDT

Fortinet Inc. stock falls Tuesday, underperforms market

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Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -0.64% slipped 2.50% to $299.84 Tuesday, 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 +0.49% rising 0.15% to 4,486.23 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.18% rising 0.09% to 35,366.26. The stock's fall snapped a three-day winning streak. Fortinet Inc. closed $9.95 below its 52-week high ($309.79), which the company achieved on August 12th.

The stock underperformed when compared to some of its competitors Tuesday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.03% rose 1.33% to $59.32, HP Inc. /zigman2/quotes/203461582/composite HPQ +0.08% rose 1.19% to $28.90, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.87% rose 18.60% to $441.87. Trading volume (1.0 M) eclipsed its 50-day average volume of 932,889.

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
US : U.S.: Nasdaq
$ 333.16
-2.13 -0.64%
Volume: 696,974
Oct. 25, 2021 3:30p
P/E Ratio
107.81
Dividend Yield
N/A
Market Cap
$54.76 billion
Rev. per Employee
$314,931
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,567.39
+22.49 +0.49%
Volume: 1.29B
Oct. 25, 2021 3:30p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,741.02
+64.00 +0.18%
Volume: 192.73M
Oct. 25, 2021 3:30p
loading...
/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 55.13
+0.02 +0.03%
Volume: 6.10M
Oct. 25, 2021 3:30p
P/E Ratio
22.06
Dividend Yield
2.69%
Market Cap
$232.44 billion
Rev. per Employee
$626,642
loading...
/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 30.50
+0.03 +0.08%
Volume: 5.28M
Oct. 25, 2021 3:30p
P/E Ratio
9.48
Dividend Yield
2.53%
Market Cap
$35.12 billion
Rev. per Employee
$1.07M
loading...
/zigman2/quotes/207599953/composite
US : U.S.: Nasdaq
$ 499.74
-4.39 -0.87%
Volume: 614,227
Oct. 25, 2021 3:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$49.11 billion
Rev. per Employee
$484,742
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