A10 Network (ATEN)vsFortinet Inc (FTNT)
ATEN
A10 Network
$26.45
-1.67%
TECHNOLOGY · Cap: $1.78B
FTNT
Fortinet Inc
$139.10
-20.09%
TECHNOLOGY · Cap: $124.09B
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 2327% more annual revenue ($7.53B vs $310.17M). FTNT leads profitability with a 28.2% profit margin vs 13.9%. FTNT appears more attractively valued with a PEG of 1.92. FTNT earns a higher WallStSmart Score of 73/100 (B).
ATEN
Hold44
out of 100
Grade: D
FTNT
Strong Buy73
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-48.2%
Fair Value
$14.12
Current Price
$26.45
$12.33 premium
Margin of Safety
+34.3%
Fair Value
$274.02
Current Price
$139.10
$134.92 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 20 in profit
15.5% revenue growth
Every $100 of equity generates 137 in profit
Strong operational efficiency at 33.6%
Large-cap with strong market position
Keeps 28 of every $100 in revenue as profit
Revenue surging 25.6% year-over-year
Earnings expanding 43.9% YoY
Areas to Watch
Trading at 8.1x book value
Distress zone — elevated risk
Smaller company, higher risk/reward
Weak financial health signals
Expensive relative to growth rate
Distress zone — elevated risk
Premium valuation, high expectations priced in
Trading at 65.9x book value
Comparative Analysis Report
WallStSmart ResearchBull Case : ATEN
The strongest argument for ATEN centers on Return on Equity, Revenue Growth. 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 : ATEN
The primary concerns for ATEN are Price/Book, Altman Z-Score, Market Cap. A P/E of 42.2x leaves little room for execution misses.
Bear Case : FTNT
The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 59.8x leaves little room for execution misses.
Key Dynamics to Monitor
ATEN carries more volatility with a beta of 1.12 — 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 (73/100 vs 44/100), backed by strong 28.2% margins and 25.6% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
A10 Network
TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA
A10 Networks, Inc. offers network solutions in the United States, Japan, other Asia Pacific countries, and EMEA. The company is headquartered in San Jose, California.
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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