Fortinet Inc (FTNT)vsNETGEAR Inc (NTGR)
FTNT
Fortinet Inc
$169.84
-1.59%
TECHNOLOGY · Cap: $114.51B
NTGR
NETGEAR Inc
$21.71
-5.20%
TECHNOLOGY · Cap: $617.51M
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 984% more annual revenue ($7.53B vs $694.41M). FTNT leads profitability with a 28.2% profit margin vs -3.7%. NTGR appears more attractively valued with a PEG of 0.74. FTNT earns a higher WallStSmart Score of 73/100 (B).
FTNT
Strong Buy73
out of 100
Grade: B
NTGR
Hold44
out of 100
Grade: D
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+37.4%
Fair Value
$275.55
Current Price
$169.84
$105.71 discount
Margin of Safety
-7.1%
Fair Value
$19.17
Current Price
$21.71
$2.54 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
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
Reasonable price relative to book value
Conservative balance sheet, low leverage
Growing faster than its price suggests
Areas to Watch
Expensive relative to growth rate
Distress zone — elevated risk
Premium valuation, high expectations priced in
Trading at 80.5x book value
Smaller company, higher risk/reward
ROE of -8.9% — below average capital efficiency
Revenue declined 1.2%
Earnings declined 68.7%
Comparative Analysis Report
WallStSmart ResearchBull 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.
Bull Case : NTGR
The strongest argument for NTGR centers on Price/Book, Debt/Equity, PEG Ratio. PEG of 0.74 suggests the stock is reasonably priced for its growth.
Bear Case : FTNT
The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 56.1x leaves little room for execution misses.
Bear Case : NTGR
The primary concerns for NTGR are Market Cap, Return on Equity, Revenue Growth.
Key Dynamics to Monitor
FTNT profiles as a growth stock while NTGR is a turnaround play — different risk/reward profiles.
NTGR carries more volatility with a beta of 1.18 — 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.
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.
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.
NETGEAR Inc
TECHNOLOGY · COMMUNICATION EQUIPMENT · USA
NETGEAR, Inc. designs, develops, and markets Internet-connected products and networks for consumers, businesses, and service providers. The company is headquartered in San Jose, California.
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