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Aug. 26, 2021, 4:55 p.m. EDT

Fortinet Inc. stock rises Thursday, outperforms market

MarketWatch Automation

Shares of Fortinet Inc. (NAS:FTNT) 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 (S&P:SPX) falling 0.58% to 4,470.00 and Dow Jones Industrial Average (DOW:DJIA) 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. (NAS:CSCO) fell 0.25% to $59.20, HP Inc. (NYS:HPQ) fell 0.99% to $29.10, and Palo Alto Networks Inc. (NAS:PANW) rose 2.32% to $457.44. Trading volume (730,671) remained 212,413 below its 50-day average volume of 943,084.

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.

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