Shares of Fortinet Inc. /zigman2/quotes/205733290/composite FTNT +1.65% inched 0.50% higher to $310.74 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 +0.74% falling 0.46% to 4,493.28 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.56% falling 0.43% to 34,879.38. The stock's rise snapped a two-day losing streak. Fortinet Inc. closed $11.26 short of its 52-week high ($322.00), which the company achieved on September 7th.
The stock outperformed some of its competitors Thursday, as Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +1.00% fell 0.14% to $58.60, HP Inc. /zigman2/quotes/203461582/composite HPQ +0.91% rose 0.07% to $28.21, and Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.52% rose 0.17% to $466.50. Trading volume (812,989) remained 122,788 below its 50-day average volume of 935,777.