Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +0.28% rallied 1.05% to $319.39 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.11% rising 0.43% to 4,528.79 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.21% falling 0.16% to 35,399.84. This was the stock's fourth consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $317.44, which the company reached on August 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -1.04% rose 0.19% to $59.13, HP Inc. /zigman2/quotes/203461582/composite HPQ -0.33% rose 2.84% to $29.74, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.76% fell 0.54% to $458.81. Trading volume (676,540) remained 238,090 below its 50-day average volume of 914,630.