Fortinet Inc. Stock Slides 7.0%, Underperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Fortinet Inc. slid 7.0% to $169.13 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.1% to 7,659.44 and Dow Jones Industrial Average falling 0.3% to 52,002.41.

This was the stock's fifth consecutive day of losses.

Fortinet Inc. closed 14.2% short of its 52-week high of $197.13, which the company reached on October 13th.

The stock demonstrated a mixed performance when compared to some of its peers, as Cisco Systems Inc. fell 2.2% to $107.39, CrowdStrike Holdings Inc. Cl A fell 7.0% to $227.39, and Palo Alto Networks Inc. fell 7.63% to $342.00.

Trading volume totaled 5.6 million, compared to the 50-day average of 4.1 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 16, 2026 16:33 ET (20:33 GMT)