WallStSmart

Fortinet Inc (FTNT)vsMACOM Technology Solutions Holdings Inc (MTSI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 562% more annual revenue ($7.11B vs $1.07B). FTNT leads profitability with a 27.5% profit margin vs 16.5%. MTSI appears more attractively valued with a PEG of 2.05. FTNT earns a higher WallStSmart Score of 67/100 (B-).

FTNT

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 9.5Value: 4.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.50

MTSI

Buy

60

out of 100

Grade: C+

Growth: 8.7Profit: 7.0Value: 3.7Quality: 8.0
Piotroski: 4/9Altman Z: 1.79
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+45.3%)

Margin of Safety

+45.3%

Fair Value

$264.55

Current Price

$148.00

$116.55 discount

UndervaluedFair: $264.55Overvalued

Intrinsic value data unavailable for MTSI.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
197.5%10/10

Every $100 of equity generates 197 in profit

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

Market CapQuality
$109.52B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
20.1%8/10

Revenue surging 20.1% year-over-year

EPS GrowthGrowth
28.6%8/10

Earnings expanding 28.6% YoY

MTSI3 strengths · Avg: 8.3/10
Debt/EquityHealth
0.279/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
22.5%8/10

Revenue surging 22.5% year-over-year

EPS GrowthGrowth
42.9%8/10

Earnings expanding 42.9% YoY

Areas to Watch

FTNT4 concerns · Avg: 2.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

PEG RatioValuation
3.372/10

Expensive relative to growth rate

P/E RatioValuation
57.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
109.6x2/10

Trading at 109.6x book value

MTSI4 concerns · Avg: 3.5/10
PEG RatioValuation
2.054/10

Expensive relative to growth rate

Price/BookValuation
19.1x4/10

Trading at 19.1x book value

Altman Z-ScoreHealth
1.794/10

Distress zone — elevated risk

P/E RatioValuation
161.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.

Bull Case : MTSI

The strongest argument for MTSI centers on Debt/Equity, Revenue Growth, EPS Growth. Profitability is solid with margins at 16.5% and operating margin at 17.6%. Revenue growth of 22.5% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 57.7x leaves little room for execution misses.

Bear Case : MTSI

The primary concerns for MTSI are PEG Ratio, Price/Book, Altman Z-Score. A P/E of 161.0x leaves little room for execution misses.

Key Dynamics to Monitor

MTSI carries more volatility with a beta of 1.66 — expect wider price swings.

MTSI is growing revenue faster at 22.5% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

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

Bottom Line

FTNT scores higher overall (67/100 vs 60/100), backed by strong 27.5% margins and 20.1% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

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.

MACOM Technology Solutions Holdings Inc

TECHNOLOGY · SEMICONDUCTORS · USA

MACOM Technology Solutions Holdings, Inc. designs and manufactures analog semiconductor solutions for use in wired and wireless applications in the radio frequency (RF), microwave, millimeter wave and light wave spectrum in the United States, China, Asia Pacific and internationally. . . The company is headquartered in Lowell, Massachusetts.

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