WallStSmart

Fortinet Inc (FTNT)vsNetApp Inc (NTAP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 3% more annual revenue ($7.11B vs $6.92B). FTNT leads profitability with a 27.5% profit margin vs 18.4%. NTAP appears more attractively valued with a PEG of 1.78. NTAP earns a higher WallStSmart Score of 68/100 (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

NTAP

Strong Buy

68

out of 100

Grade: B-

Growth: 6.0Profit: 9.0Value: 5.0Quality: 4.5
Piotroski: 6/9Altman Z: 1.48
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 NTAP.

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

NTAP3 strengths · Avg: 8.7/10
Return on EquityProfitability
94.5%10/10

Every $100 of equity generates 94 in profit

Operating MarginProfitability
27.3%8/10

Strong operational efficiency at 27.3%

EPS GrowthGrowth
23.4%8/10

Earnings expanding 23.4% 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

NTAP4 concerns · Avg: 3.0/10
PEG RatioValuation
1.784/10

Expensive relative to growth rate

P/E RatioValuation
25.4x4/10

Moderate valuation

Price/BookValuation
23.0x2/10

Trading at 23.0x book value

Altman Z-ScoreHealth
1.482/10

Distress zone — elevated risk

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 : NTAP

The strongest argument for NTAP centers on Return on Equity, Operating Margin, EPS Growth. Profitability is solid with margins at 18.4% and operating margin at 27.3%. Revenue growth of 12.5% 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 : NTAP

The primary concerns for NTAP are PEG Ratio, P/E Ratio, Price/Book. Debt-to-equity of 2.02 is elevated, increasing financial risk.

Key Dynamics to Monitor

FTNT profiles as a growth stock while NTAP is a mature play — different risk/reward profiles.

NTAP carries more volatility with a beta of 1.43 — expect wider price swings.

FTNT is growing revenue faster at 20.1% — sustainability is the question.

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

Bottom Line

NTAP scores higher overall (68/100 vs 67/100), backed by strong 18.4% margins and 12.5% revenue growth. FTNT offers better value entry with a 45.3% margin of safety. Both earn "Strong Buy" and "Strong 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.

NetApp Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically.

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