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Aug. 27, 2021, 4:55 p.m. EDT

Fortinet Inc. stock rises Friday, outperforms market

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Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -0.63% rallied 1.91% to $316.06 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.44% rising 0.88% to 4,509.37 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.13% rising 0.69% to 35,455.80. This was the stock's third consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $311.57, which the company reached on August 26th.

The stock outperformed some of its competitors Friday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO -0.0091% fell 0.30% to $59.02, HP Inc. /zigman2/quotes/203461582/composite HPQ +0.18% fell 0.62% to $28.92, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.55% rose 0.84% to $461.28. Trading volume (891,000) remained 43,234 below its 50-day average volume of 934,234.

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
$ 333.19
-2.10 -0.63%
Volume: 677,580
Oct. 25, 2021 3:23p
P/E Ratio
107.95
Dividend Yield
N/A
Market Cap
$54.76 billion
Rev. per Employee
$314,931
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,565.06
+20.16 +0.44%
Volume: 1.26B
Oct. 25, 2021 3:23p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,722.05
+45.03 +0.13%
Volume: 189.00M
Oct. 25, 2021 3:23p
loading...
/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 55.11
-0.0050 -0.0091%
Volume: 6.01M
Oct. 25, 2021 3:23p
P/E Ratio
22.06
Dividend Yield
2.68%
Market Cap
$232.44 billion
Rev. per Employee
$626,642
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/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 30.53
+0.05 +0.18%
Volume: 5.15M
Oct. 25, 2021 3:23p
P/E Ratio
9.49
Dividend Yield
2.53%
Market Cap
$35.12 billion
Rev. per Employee
$1.07M
loading...
/zigman2/quotes/207599953/composite
US : U.S.: Nasdaq
$ 501.34
-2.79 -0.55%
Volume: 596,472
Oct. 25, 2021 3:23p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$49.11 billion
Rev. per Employee
$484,742
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