Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -1.01% rallied 1.76% to $313.90 Thursday, 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 +0.47% rising 0.28% to 4,536.95 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.18% rising 0.37% to 35,443.82. The stock's rise snapped a two-day losing streak. Fortinet Inc. closed $8.00 short of its 52-week high ($321.90), which the company achieved on August 30th.
The stock outperformed some of its competitors Thursday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.05% rose 0.83% to $59.53, HP Inc. /zigman2/quotes/203461582/composite HPQ +0.53% rose 1.30% to $29.60, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -1.26% rose 0.49% to $462.55. Trading volume (814,649) remained 122,028 below its 50-day average volume of 936,677.