Fortinet Inc. Stock Underperforms Thursday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.Fortinet Inc. (FTNT) shares fell 2.26% to $151.54 on Thursday, marking its fourth consecutive day of losses and underperforming the broader market decline. The stock closed 11.04% below its 52-week high. While competitors like Cisco rose slightly, CrowdStrike and Palo Alto Networks also declined. Trading volume was lower than the 50-day average.
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Fortinet Inc. (FTNT) slipped 2.26% to $151.54 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.21% to 7,408.30 and Dow Jones Industrial Average falling 0.97% to 51,711.65.
This was the stock's fourth consecutive day of losses.
Fortinet Inc. closed 11.04% below its 52-week high of $170.35, which the company reached on July 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Cisco Systems Inc. (CSCO) rose 0.49% to $112.76, CrowdStrike Holdings Inc. Cl A (CRWD) fell 2.65% to $183.42, and Palo Alto Networks Inc. (PANW) fell 2.88% to $325.63.
Trading volume (4.6 M) remained 1.5 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 23, 2026.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
07-23-26 1638ET