WallStSmart

Fortinet Inc (FTNT)vsNetskope, Inc. Class A Common Stock (NTSK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 900% more annual revenue ($7.53B vs $752.85M). FTNT leads profitability with a 28.2% profit margin vs -95.2%. FTNT earns a higher WallStSmart Score of 71/100 (B).

FTNT

Strong Buy

71

out of 100

Grade: B

Growth: 8.7Profit: 9.5Value: 5.3Quality: 5.5
Piotroski: 5/9Altman Z: 1.50

NTSK

Avoid

30

out of 100

Grade: F

Growth: 7.3Profit: 2.0Value: 5.0Quality: 4.5
Piotroski: 4/9Altman Z: -2.30
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+40.9%)

Margin of Safety

+40.9%

Fair Value

$277.92

Current Price

$159.64

$118.28 discount

UndervaluedFair: $277.92Overvalued

Intrinsic value data unavailable for NTSK.

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
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

NTSK1 strengths · Avg: 8.0/10
Revenue GrowthGrowth
27.8%8/10

Revenue surging 27.8% year-over-year

Areas to Watch

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
75.7x2/10

Trading at 75.7x book value

NTSK4 concerns · Avg: 2.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Price/BookValuation
33.8x2/10

Trading at 33.8x book value

Return on EquityProfitability
-349.2%2/10

ROE of -349.2% — below average capital efficiency

Free Cash FlowQuality
$-56.07M2/10

Negative free cash flow — burning cash

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 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.

Bull Case : NTSK

The strongest argument for NTSK centers on Revenue Growth. Revenue growth of 27.8% demonstrates continued momentum.

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.

Bear Case : NTSK

The primary concerns for NTSK are EPS Growth, Price/Book, Return on Equity. Debt-to-equity of 4.25 is elevated, increasing financial risk.

Key Dynamics to Monitor

NTSK is growing revenue faster at 27.8% — 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 (71/100 vs 30/100), 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.

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.

Netskope, Inc. Class A Common Stock

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Netskope, Inc., a cybersecurity company, provides security, networking, and analytics solutions to largest enterprises to mid-sized companies globally. The company is headquartered in Santa Clara, California.

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