Fortinet Inc. Stock Slips 20.1%, Underperforms Peers
Dow Jones2026/10/29 20:33This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Fortinet Inc. cratered 20.1% to $139.10 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.3% to 7,720.39 and Dow Jones Industrial Average falling 0.3% to 52,342.56.
This was the stock's second consecutive day of losses.
Fortinet Inc. closed 29.4% short of its 52-week high of $197.13, which the company reached on October 13th.
The stock underperformed when compared to some of its peers, as Cisco Systems Inc. fell 1.5% to $108.59, CrowdStrike Holdings Inc. Cl A fell 2.1% to $261.15, and Palo Alto Networks Inc. fell 3.53% to $380.57.
Trading volume totaled 17.2 million, compared to the 50-day average of 4.2 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 29, 2026 16:33 ET (20:33 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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