Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +2.11% advanced 1.34% to $310.13 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.98% falling 0.58% to 4,470.00 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.68% falling 0.54% to 35,213.12. This was the stock's second consecutive day of gains. Fortinet Inc. hit a new 52-week high, surpassing its previous peak of $309.79, which the company achieved on August 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.11% fell 0.25% to $59.20, HP Inc. /zigman2/quotes/203461582/composite HPQ +2.53% fell 0.99% to $29.10, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +1.12% rose 2.32% to $457.44. Trading volume (730,671) remained 212,413 below its 50-day average volume of 943,084.