WallStSmart

Airship AI Holdings Inc (AISP)vsFortinet Inc (FTNT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 46447% more annual revenue ($7.53B vs $16.17M). AISP leads profitability with a 30.3% profit margin vs 28.2%. AISP trades at a lower P/E of 13.8x. FTNT earns a higher WallStSmart Score of 71/100 (B).

AISP

Avoid

32

out of 100

Grade: F

Growth: 4.7Profit: 4.5Value: 6.3Quality: 9.0
Piotroski: 4/9Altman Z: 3.23

FTNT

Strong Buy

71

out of 100

Grade: B

Growth: 8.7Profit: 9.5Value: 5.3Quality: 6.0
Piotroski: 5/9Altman Z: 1.50
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AISPUndervalued (+7.8%)

Margin of Safety

+7.8%

Fair Value

$2.71

Current Price

$1.94

$0.77 discount

UndervaluedFair: $2.71Overvalued
FTNTUndervalued (+40.8%)

Margin of Safety

+40.8%

Fair Value

$277.34

Current Price

$165.44

$111.90 discount

UndervaluedFair: $277.34Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AISP5 strengths · Avg: 9.2/10
Profit MarginProfitability
30.3%10/10

Keeps 30 of every $100 in revenue as profit

Debt/EquityHealth
-0.0810/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.2310/10

Safe zone — low bankruptcy risk

P/E RatioValuation
13.8x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
15.5%8/10

15.5% revenue growth

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
136.7%10/10

Every $100 of equity generates 137 in profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

Market CapQuality
$123.48B9/10

Large-cap with strong market position

Profit MarginProfitability
28.2%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
25.6%8/10

Revenue surging 25.6% year-over-year

EPS GrowthGrowth
43.9%8/10

Earnings expanding 43.9% YoY

Areas to Watch

AISP4 concerns · Avg: 2.3/10
Market CapQuality
$61.99M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

EPS GrowthGrowth
-11.0%2/10

Earnings declined 11.0%

Operating MarginProfitability
-24.9%1/10

Operating margin of -24.9%

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
2.244/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
57.8x2/10

Premium valuation, high expectations priced in

Price/BookValuation
78.4x2/10

Trading at 78.4x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : AISP

The strongest argument for AISP centers on Profit Margin, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 30.3% and operating margin at -24.9%. Revenue growth of 15.5% demonstrates continued momentum.

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.

Bear Case : AISP

The primary concerns for AISP are Market Cap, Return on Equity, EPS Growth.

Bear Case : FTNT

The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 57.8x leaves little room for execution misses.

Key Dynamics to Monitor

FTNT carries more volatility with a beta of 1.06 — expect wider price swings.

FTNT is growing revenue faster at 25.6% — sustainability is the question.

FTNT generates stronger free cash flow (966M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FTNT scores higher overall (71/100 vs 32/100), backed by strong 28.2% margins and 25.6% revenue growth. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Airship AI Holdings Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Airship AI Holdings Inc (AISP) is a leading innovator in the artificial intelligence sector, dedicated to delivering advanced AI-driven solutions that enhance operational efficiency and strategic decision-making across various industries. The company leverages sophisticated machine learning algorithms and comprehensive data analytics to provide scalable platforms that optimize logistics, improve customer engagement, and unlock significant value from data assets. With a strong commitment to research and development, Airship AI is strategically positioned to capitalize on the growing demand for intelligent automation, ensuring its competitive advantage in the dynamic AI market.

Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

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