Fortinet Inc. Stock Underperforms Tuesday When Compared To Competitors

Artificial Intelligence Technology Solutions Inc

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Artificial Intelligence Technology Solutions Inc. is engaged in the delivery of artificial intelligence (AI) and robotic solutions for operational, security, and monitoring needs. The Company is focused on applying advanced AI-driven technologies, paired with multi-use hardware, and supported by custom software and cloud services, to intelligently automate and integrate a range of high-frequency security, concierge, and operational tasks. It owns and operates three wholly owned subsidiaries, which are Robotic Assistance Devices, Inc. (RAD I), Robotic Assistance Devices Group, Inc. (RAD G) and Robotic Assistance Devices Mobile, Inc. (RAD M). RAD I own the intellectual property related to RADSoC, RAD Mobile SOC, RADGuard, and their core operating architecture. RAD G is focused on the development of advanced software and electronics solutions. RAD M is focused on the development of autonomous mobile devices, both ground-based, and airborne. Its solutions are suited to various industries.

Fortinet Inc. Stock Underperforms Tuesday When Compared To Competitors

4:55 pm ET November 1, 2022 (MarketWatch) Print

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

Shares of Fortinet Inc. (FTNT) shed 1.29% to $56.42 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.41% to 3,856.10 and Dow Jones Industrial Average falling 0.24% to 32,653.20. The stock's fall snapped a three-day winning streak. Fortinet Inc. closed $17.93 short of its 52-week high ($74.35), which the company reached on December 29th.

The stock underperformed when compared to some of its competitors Tuesday, as Cisco Systems Inc. (CSCO) rose 0.07% to $45.46 and HP Inc. (HPQ) rose 0.83% to $27.85. Trading volume (4.8 M) remained 492,340 below its 50-day average volume of 5.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 1, 2022.

(END) Dow Jones Newswires

November 01, 2022 16:55 ET (20:55 GMT)